Inter Parfums, Inc. (NASDAQ:IPAR) Shares Sold by KBC Group NV

KBC Group NV lowered its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 79.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 871 shares of the company’s stock after selling 3,442 shares during the quarter. KBC Group NV’s holdings in Inter Parfums were worth $115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of IPAR. GAMMA Investing LLC increased its stake in Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after purchasing an additional 81 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Inter Parfums by 83.4% during the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after buying an additional 296 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Inter Parfums in the 3rd quarter valued at $104,000. Crossmark Global Holdings Inc. acquired a new position in shares of Inter Parfums in the 3rd quarter valued at $209,000. Finally, Orion Portfolio Solutions LLC purchased a new position in Inter Parfums in the 3rd quarter worth $233,000. 55.57% of the stock is owned by hedge funds and other institutional investors.

Inter Parfums Trading Down 2.2 %

NASDAQ IPAR opened at $135.83 on Friday. 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 $4.35 billion, a P/E ratio of 29.15 and a beta of 1.20. The firm’s 50-day moving average is $135.55 and its two-hundred day moving average is $129.38. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $156.75.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. During the same period in the prior year, the business posted $1.66 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Canaccord Genuity Group assumed coverage on Inter Parfums in a report on Thursday, January 16th. They issued a “buy” rating and a $158.00 price objective on the stock. DA Davidson reiterated a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a report on Thursday, January 23rd. BWS Financial reaffirmed a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a report on Monday, January 27th. Finally, Piper Sandler boosted their price objective on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $159.40.

Insider Activity

In related 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 43.90% of the company’s stock.

Inter Parfums Profile

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.