Inter Parfums, Inc. (NASDAQ:IPAR) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC trimmed its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 11.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,292 shares of the company’s stock after selling 707 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Inter Parfums were worth $696,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IPAR. GAMMA Investing LLC raised its holdings in shares of Inter Parfums by 55.9% in the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after purchasing an additional 81 shares in the last quarter. Blue Trust Inc. boosted its holdings 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 purchasing an additional 296 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in Inter Parfums in the third quarter valued at approximately $104,000. Crossmark Global Holdings Inc. acquired a new stake in Inter Parfums during the third quarter worth approximately $209,000. Finally, Choreo LLC purchased a new stake in shares of Inter Parfums during the 2nd quarter worth approximately $213,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Insider Transactions at Inter Parfums

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 43.90% of the company’s stock.

Inter Parfums Stock Performance

Shares of IPAR stock opened at $138.59 on Friday. The stock’s 50-day moving average price is $132.73 and its 200 day moving average price is $127.36. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.44 billion, a PE ratio of 29.74 and a beta of 1.20. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $156.75.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The business had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. During the same quarter in the previous year, the company posted $1.66 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, equities research analysts forecast that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. DA Davidson reaffirmed a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research report on Wednesday, December 18th. Piper Sandler lifted their target price on Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Canaccord Genuity Group began coverage on Inter Parfums in a research report on Thursday. They issued a “buy” rating and a $158.00 target price for the company. Finally, BWS Financial reaffirmed a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $159.40.

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.