Stifel Financial Corp Has $2.77 Million Stake in Inter Parfums, Inc. (NASDAQ:IPAR)

Stifel Financial Corp lowered its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 41.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,359 shares of the company’s stock after selling 15,239 shares during the period. Stifel Financial Corp owned about 0.07% of Inter Parfums worth $2,766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IPAR. CWM LLC raised its holdings in shares of 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. Blue Trust Inc. grew its position in Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after acquiring an additional 296 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in Inter Parfums during the third quarter worth $104,000. Crossmark Global Holdings Inc. acquired a new position in Inter Parfums during the third quarter worth $209,000. Finally, Choreo LLC bought a new position in shares of Inter Parfums during the second quarter valued at $213,000. Institutional investors own 55.57% of the company’s stock.

Insider Activity at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total value of $532,160.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 43.90% of the stock is owned by company insiders.

Inter Parfums Trading Down 3.4 %

Shares of NASDAQ IPAR opened at $128.93 on Thursday. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $156.75. The company has a 50-day moving average of $128.78 and a two-hundred day moving average of $124.97. The company has a market cap of $4.13 billion, a PE ratio of 27.67 and a beta of 1.20. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.10. The firm had revenue of $425.00 million during the quarter, compared to analysts’ expectations of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. Inter Parfums’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 EPS. As a group, equities analysts expect that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on IPAR shares. BWS Financial reiterated a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a research report on Monday, November 11th. Piper Sandler lifted their target price on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, DA Davidson restated a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a research report on Wednesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $159.75.

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.