Copeland Capital Management LLC Lowers Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Copeland Capital Management LLC reduced its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 75.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,631 shares of the company’s stock after selling 458,815 shares during the quarter. Copeland Capital Management LLC’s holdings in Inter Parfums were worth $19,504,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Whittier Trust Co. acquired a new stake in shares of Inter Parfums during the 1st quarter worth approximately $31,000. CWM LLC increased its holdings in Inter Parfums by 44.4% in the second quarter. CWM LLC now owns 286 shares of the company’s stock valued at $33,000 after buying an additional 88 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in Inter Parfums by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after buying an additional 121 shares in the last quarter. Blue Trust Inc. raised its position in shares of Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after acquiring an additional 296 shares during the period. Finally, Mendota Financial Group LLC purchased a new stake in shares of Inter Parfums during the 2nd quarter worth about $89,000. 55.57% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Inter Parfums

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $125.96, for a total value of $188,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 43.90% of the company’s stock.

Wall Street Analyst Weigh In

IPAR has been the subject of a number of analyst reports. 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 report on Tuesday, July 23rd. StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. DA Davidson reissued a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a report on Friday, September 13th. BWS Financial reaffirmed a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a report on Thursday, August 8th. Finally, 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 research note on Friday, July 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $156.50.

Inter Parfums Trading Down 1.1 %

Shares of IPAR stock opened at $119.30 on Tuesday. 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. The stock’s fifty day moving average is $122.82 and its two-hundred day moving average is $122.76. The firm has a market capitalization of $3.82 billion, a P/E ratio of 27.49 and a beta of 1.15.

Inter Parfums (NASDAQ:IPAR) last issued its 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. The business had revenue of $342.00 million during the quarter, compared to analysts’ expectations of $342.00 million. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 earnings per share. Research analysts expect that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

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.