Stifel Financial Corp Sells 15,239 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Stifel Financial Corp decreased its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 41.6% during the 3rd quarter, Holdings Channel reports. The fund owned 21,359 shares of the company’s stock after selling 15,239 shares during the quarter. Stifel Financial Corp’s holdings in Inter Parfums were worth $2,766,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of Inter Parfums by 44.4% in the second quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after acquiring an additional 88 shares in the last quarter. Blue Trust Inc. increased its stake in Inter Parfums by 83.4% during the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after purchasing an additional 296 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in Inter Parfums during the 3rd quarter worth approximately $104,000. Crossmark Global Holdings Inc. bought a new position in Inter Parfums in the third quarter valued at approximately $209,000. Finally, Choreo LLC acquired a new position in shares of Inter Parfums in the second quarter valued at approximately $213,000. Institutional investors and hedge funds own 55.57% of the company’s stock.

Insider Activity at Inter Parfums

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of Inter Parfums stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $133.04, for a total transaction of $532,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 43.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IPAR has been the topic of several research reports. Piper Sandler boosted their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. BWS Financial reaffirmed a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Monday, November 11th. Finally, DA Davidson reissued a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research report on Wednesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Inter Parfums presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.75.

Inter Parfums Trading Down 3.4 %

Shares of NASDAQ:IPAR opened at $128.93 on Thursday. The stock has a market capitalization of $4.13 billion, a PE ratio of 27.67 and a beta of 1.20. The company’s 50-day moving average price is $128.78 and its two-hundred day moving average price is $124.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. Inter Parfums, Inc. has a one year low of $108.39 and a one year 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, topping the consensus estimate of $1.83 by $0.10. The business had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. Inter Parfums’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.66 earnings per share. On average, equities analysts forecast that Inter Parfums, Inc. will post 5.15 EPS 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.