Benjamin Edwards Inc. Raises Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Benjamin Edwards Inc. lifted its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 68.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,626 shares of the company’s stock after acquiring an additional 1,064 shares during the period. Benjamin Edwards Inc.’s holdings in Inter Parfums were worth $305,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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 is accessible through the SEC website. 43.90% of the stock is owned by insiders.

Inter Parfums Stock Performance

NASDAQ IPAR opened at $119.49 on Friday. The company has a market cap of $3.83 billion, a P/E ratio of 27.53 and a beta of 1.16. The business’s 50 day moving average price is $126.52 and its 200-day moving average price is $124.88. Inter Parfums, Inc. has a fifty-two week low of $108.39 and a fifty-two week high of $156.75. 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 announced its earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $342.00 million. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Sell-side analysts predict that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

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.