Crossmark Global Holdings Inc. Takes Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Crossmark Global Holdings Inc. bought a new position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,620 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IPAR. American Century Companies Inc. boosted its holdings 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 purchasing an additional 106,044 shares during the last quarter. F M Investments LLC purchased a new stake in Inter Parfums in the 2nd quarter valued at about $9,328,000. Burney Co. acquired a new position in shares of Inter Parfums during the 1st quarter valued at about $5,327,000. Vanguard Group Inc. lifted its holdings in shares of Inter Parfums by 1.5% during the 1st 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. Finally, Squarepoint Ops LLC lifted its holdings in shares of Inter Parfums by 541.7% during the 2nd quarter. Squarepoint Ops LLC now owns 29,056 shares of the company’s stock worth $3,371,000 after acquiring an additional 24,528 shares during the period. 55.57% of the stock is owned by hedge funds and other institutional investors.

Inter Parfums Trading Up 0.2 %

NASDAQ:IPAR opened at $124.90 on Tuesday. The business’s 50-day moving average is $122.71 and its two-hundred day moving average is $122.67. The firm has a market capitalization of $4.00 billion, a PE ratio of 26.80 and a beta of 1.16. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $156.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results 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 return on equity of 16.34% and a net margin of 10.60%. 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 previous year, the company posted $1.66 EPS. Inter Parfums’s revenue for the quarter was up 15.5% on a year-over-year basis. Research analysts predict that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IPAR has been the subject of several research analyst reports. Piper Sandler dropped their price target on shares of Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, November 13th. DA Davidson reiterated a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a report on Tuesday, November 12th. BWS Financial restated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Monday, November 11th. Finally, StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Inter Parfums currently has an average rating of “Moderate Buy” and a consensus target price of $157.50.

Inter Parfums Company 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.