Pelayo Frederic Garcia Sells 4,000 Shares of Inter Parfums, Inc. (NASDAQ:IPAR) Stock

Inter Parfums, Inc. (NASDAQ:IPAR) COO Pelayo Frederic Garcia sold 4,000 shares of Inter Parfums 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Inter Parfums Trading Down 0.7 %

IPAR traded down $0.91 during midday trading on Tuesday, hitting $137.48. 152,262 shares of the company were exchanged, compared to its average volume of 145,369. The firm has a market capitalization of $4.40 billion, a P/E ratio of 29.38 and a beta of 1.16. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $156.75. The firm’s 50 day moving average price is $124.31 and its 200-day moving average price is $123.09. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data 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. The company had revenue of $425.00 million for the quarter, compared to the consensus estimate of $425.00 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.66 EPS. As a group, equities analysts forecast that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC increased its position in Inter Parfums by 44.4% in the 2nd 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. Commonwealth Equity Services LLC increased its position in shares of 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 acquiring an additional 92 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Inter Parfums by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company’s stock valued at $1,044,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System increased its position in shares of Inter Parfums by 2.0% during the second quarter. Arizona State Retirement System now owns 5,378 shares of the company’s stock valued at $624,000 after acquiring an additional 105 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in Inter Parfums by 3.9% during the third quarter. Inspire Investing LLC now owns 3,208 shares of the company’s stock valued at $415,000 after purchasing an additional 120 shares during the period. 55.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on IPAR shares. DA Davidson restated a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a report on Tuesday, November 12th. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler lowered their target price on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 13th. Finally, BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.