2,123 Shares in Inter Parfums, Inc. (NASDAQ:IPAR) Bought by MQS Management LLC

MQS Management LLC bought a new stake in Inter Parfums, Inc. (NASDAQ:IPAR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,123 shares of the company’s stock, valued at approximately $246,000.

Several other institutional investors have also recently bought and sold shares of IPAR. Principal Securities Inc. acquired a new position in shares of Inter Parfums during the fourth quarter worth $30,000. Whittier Trust Co. acquired a new position in Inter Parfums in the 1st quarter worth about $31,000. Johnson Financial Group Inc. bought a new position in Inter Parfums in the fourth quarter valued at about $33,000. CWM LLC boosted its stake in shares of Inter Parfums by 44.4% during the second quarter. CWM LLC now owns 286 shares of the company’s stock valued at $33,000 after purchasing an additional 88 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in shares of Inter Parfums by 84.0% during the first quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 121 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IPAR. StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Piper Sandler reiterated an “overweight” rating and set a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. BWS Financial reissued a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Thursday, August 8th. DA Davidson reaffirmed a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a research report on Friday, September 13th. Finally, Jefferies Financial Group upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Friday, July 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Inter Parfums has an average rating of “Moderate Buy” and a consensus price target of $156.50.

Inter Parfums Trading Up 0.2 %

NASDAQ:IPAR opened at $119.49 on Friday. Inter Parfums, Inc. has a 52 week low of $108.39 and a 52 week high of $156.75. The firm’s fifty day moving average is $126.52 and its 200-day moving average is $124.88. The firm has a market cap of $3.83 billion, a P/E ratio of 27.53 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. The firm had revenue of $342.00 million during the quarter, compared to the consensus estimate of $342.00 million. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $1.09 EPS. Equities analysts expect that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 43.90% of the stock is currently owned by corporate insiders.

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.