Inter Parfums, Inc. (NASDAQ:IPAR) Position Boosted by Blue Trust Inc.

Blue Trust Inc. lifted its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 83.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 651 shares of the company’s stock after purchasing an additional 296 shares during the quarter. Blue Trust Inc.’s holdings in Inter Parfums were worth $84,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in IPAR. CWM LLC lifted its position in Inter Parfums by 44.4% in the 2nd quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after buying an additional 88 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Inter Parfums by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company’s stock valued at $390,000 after purchasing an additional 92 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Inter Parfums by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company’s stock valued at $1,044,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System grew its stake in Inter Parfums by 2.0% in the second quarter. Arizona State Retirement System now owns 5,378 shares of the company’s stock valued at $624,000 after purchasing an additional 105 shares in the last quarter. Finally, Inspire Investing LLC increased its position in Inter Parfums by 3.9% in the 3rd quarter. Inspire Investing LLC now owns 3,208 shares of the company’s stock worth $415,000 after purchasing an additional 120 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Inter Parfums

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $125.96, for a total value of $188,940.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 43.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Friday, July 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a research report on Tuesday, July 23rd. DA Davidson reissued a “buy” rating and set a $163.00 price objective on shares of Inter Parfums in a report on Tuesday, October 22nd. BWS Financial restated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a report on Wednesday, October 23rd. Finally, StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.50.

Inter Parfums Trading Up 0.5 %

Shares of NASDAQ:IPAR opened at $125.00 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58. The stock’s 50-day moving average is $122.35 and its 200-day moving average is $122.44. The company has a market cap of $4.00 billion, a P/E ratio of 28.59 and a beta of 1.15. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $156.75.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.05 by $0.09. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The company had revenue of $342.00 million for the quarter, compared to the consensus estimate of $342.00 million. During the same period in the previous year, the business posted $1.09 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts predict that Inter Parfums, Inc. will post 5.17 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.