Inter Parfums, Inc. (NASDAQ:IPAR) Stock Position Decreased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,522 shares of the company’s stock after selling 98 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Inter Parfums were worth $200,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC raised its position in shares of Inter Parfums by 2.9% in the third quarter. WCM Investment Management LLC now owns 193,660 shares of the company’s stock valued at $24,835,000 after purchasing an additional 5,482 shares during the period. Geode Capital Management LLC lifted its position in Inter Parfums by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 436,137 shares of the company’s stock worth $56,481,000 after acquiring an additional 5,056 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Inter Parfums by 50.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 23,034 shares of the company’s stock valued at $2,982,000 after acquiring an additional 7,771 shares during the period. US Bancorp DE grew its position in shares of Inter Parfums by 12.2% in the third quarter. US Bancorp DE now owns 6,872 shares of the company’s stock valued at $890,000 after purchasing an additional 746 shares during the last quarter. Finally, Annex Advisory Services LLC increased its stake in shares of Inter Parfums by 32.4% in the third quarter. Annex Advisory Services LLC now owns 86,736 shares of the company’s stock worth $11,231,000 after purchasing an additional 21,211 shares during the period. 55.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IPAR shares. Canaccord Genuity Group started coverage on shares of Inter Parfums in a report on Thursday, January 16th. They set a “buy” rating and a $158.00 price objective on the stock. BWS Financial reaffirmed a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research report on Monday. DA Davidson reiterated a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a research note on Thursday, January 23rd. Finally, Piper Sandler raised their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $159.40.

Insider Activity at Inter Parfums

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 43.90% of the stock is currently owned by corporate insiders.

Inter Parfums Price Performance

NASDAQ:IPAR opened at $143.46 on Tuesday. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $156.75. The company has a market cap of $4.60 billion, a P/E ratio of 30.79 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. The stock’s 50-day simple moving average is $134.52 and its 200 day simple moving average is $128.63.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results 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. The company had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. Inter Parfums’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 EPS. As a group, sell-side analysts forecast that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

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.