Whittier Trust Co. Acquires Shares of 221 Inter Parfums, Inc. (NASDAQ:IPAR)

Whittier Trust Co. purchased a new position in Inter Parfums, Inc. (NASDAQ:IPAR) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 221 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. purchased a new position in Inter Parfums during the fourth quarter valued at $27,000. Principal Securities Inc. acquired a new stake in shares of Inter Parfums during the fourth quarter valued at about $30,000. Signaturefd LLC grew its holdings in shares of Inter Parfums by 87.4% in the fourth quarter. Signaturefd LLC now owns 223 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Inter Parfums in the fourth quarter valued at approximately $33,000. Finally, Hexagon Capital Partners LLC lifted its stake in Inter Parfums by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Inter Parfums Price Performance

Shares of IPAR opened at $115.79 on Thursday. The stock’s fifty day moving average is $117.63 and its 200-day moving average is $131.05. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 26.68 and a beta of 1.18. Inter Parfums, Inc. has a one year low of $108.39 and a one year high of $156.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.43 and a current ratio of 2.75.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.29). Inter Parfums had a net margin of 10.50% and a return on equity of 15.85%. The firm had revenue of $323.96 million for the quarter, compared to analyst estimates of $324.00 million. During the same quarter in the prior year, the firm earned $1.68 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts anticipate that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on IPAR. BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Thursday, May 9th. Piper Sandler lowered their price target on shares of Inter Parfums from $151.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a report on Saturday, June 8th. Finally, DA Davidson reiterated a “buy” rating and set a $192.00 price objective on shares of Inter Parfums in a report on Thursday, May 9th.

Inter Parfums 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.