Inspire Investing LLC Has $358,000 Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Inspire Investing LLC grew its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 19.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,088 shares of the company’s stock after buying an additional 504 shares during the period. Inspire Investing LLC’s holdings in Inter Parfums were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IPAR. Vanguard Group Inc. boosted its holdings in Inter Parfums by 1.5% in the first quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company’s stock valued at $288,718,000 after acquiring an additional 30,316 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Inter Parfums by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company’s stock valued at $85,384,000 after purchasing an additional 4,862 shares during the last quarter. American Century Companies Inc. increased its position in shares of Inter Parfums by 50.1% during the second quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock worth $36,846,000 after buying an additional 106,044 shares during the period. Bahl & Gaynor Inc. raised its stake in Inter Parfums by 0.4% during the second quarter. Bahl & Gaynor Inc. now owns 253,443 shares of the company’s stock worth $29,407,000 after buying an additional 1,023 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in Inter Parfums by 0.6% in the second quarter. William Blair Investment Management LLC now owns 234,527 shares of the company’s stock valued at $27,212,000 after buying an additional 1,390 shares during the period. 55.57% of the stock is currently owned by institutional investors.

Insider Activity at Inter Parfums

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 43.90% of the stock is owned by insiders.

Inter Parfums Trading Up 0.2 %

Shares of Inter Parfums stock opened at $119.49 on Friday. 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, Inc. has a 52 week low of $108.39 and a 52 week high of $156.75. The stock has a 50 day moving average price of $126.52 and a two-hundred day moving average price of $124.88. The stock has a market capitalization of $3.83 billion, a PE ratio of 27.53 and a beta of 1.16.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The business had revenue of $342.00 million during the quarter, compared to analyst estimates of $342.00 million. During the same quarter in the previous year, the business posted $1.09 EPS. Inter Parfums’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities analysts anticipate that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.