Intech Investment Management LLC Makes New Investment in Inter Parfums, Inc. (NASDAQ:IPAR)

Intech Investment Management LLC bought a new position in Inter Parfums, Inc. (NASDAQ:IPAR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,319 shares of the company’s stock, valued at approximately $385,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC boosted 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 during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Inter Parfums by 2.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company’s stock valued at $390,000 after purchasing an additional 92 shares in the last quarter. Louisiana State Employees Retirement System grew 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 worth $1,044,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its holdings in Inter Parfums by 2.0% in 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 in the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in Inter Parfums by 84.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Inter Parfums Price Performance

Shares of NASDAQ:IPAR opened at $128.24 on Friday. 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 0.12, a current ratio of 2.58 and a quick ratio of 1.27. The stock’s 50 day moving average price is $126.46 and its 200 day moving average price is $124.46. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 29.55 and a beta of 1.16.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Tuesday, August 6th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The business had revenue of $342.00 million for the quarter, compared to the consensus estimate of $342.00 million. During the same period in the previous year, the firm earned $1.09 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts anticipate that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IPAR. DA Davidson restated a “buy” rating and set a $163.00 price objective on shares of Inter Parfums in a research note on Friday, September 13th. Jefferies Financial Group upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Friday, July 12th. StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler reiterated an “overweight” rating and issued a $151.00 price objective (up from $150.00) on shares of Inter Parfums in a research report on Tuesday, July 23rd. Finally, BWS Financial reiterated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Thursday, August 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.50.

Insider Buying and Selling

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of Inter Parfums stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 43.90% of the stock is currently owned by company insiders.

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.