Thrivent Financial for Lutherans Has $1.82 Million Stake in Inter Parfums, Inc. (NASDAQ:IPAR)

Thrivent Financial for Lutherans decreased its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,083 shares of the company’s stock after selling 804 shares during the period. Thrivent Financial for Lutherans’ holdings in Inter Parfums were worth $1,823,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Harbor Capital Advisors Inc. grew its stake in shares of Inter Parfums by 306.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,478 shares of the company’s stock worth $636,000 after acquiring an additional 4,131 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Inter Parfums by 119.7% in the 1st quarter. Janus Henderson Group PLC now owns 19,953 shares of the company’s stock worth $2,804,000 after buying an additional 10,870 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Inter Parfums during the first quarter valued at approximately $601,000. WCM Investment Management LLC lifted its holdings in Inter Parfums by 2.9% during the third quarter. WCM Investment Management LLC now owns 193,660 shares of the company’s stock worth $24,835,000 after acquiring an additional 5,482 shares during the period. Finally, Algert Global LLC increased its position in shares of Inter Parfums by 18.6% during the 2nd quarter. Algert Global LLC now owns 70,564 shares of the company’s stock valued at $8,188,000 after purchasing an additional 11,089 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

Inter Parfums Trading Up 0.4 %

Shares of IPAR stock opened at $138.09 on Friday. Inter Parfums, Inc. has a 1 year low of $108.39 and a 1 year high of $156.75. The company’s fifty day simple moving average is $125.08 and its two-hundred day simple moving average is $123.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 29.63 and a beta of 1.16.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. During the same period in the previous year, the company posted $1.66 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, analysts anticipate that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Insider Activity at Inter Parfums

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 43.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

IPAR has been the topic of a number of research analyst reports. BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Monday, November 11th. DA Davidson reissued a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research report on Tuesday, November 12th. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Piper Sandler decreased their price objective on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Inter Parfums currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.50.

About Inter Parfums

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.