Choreo LLC Buys New Stake in Inter Parfums, Inc. (NASDAQ:IPAR)

Choreo LLC bought a new stake in Inter Parfums, Inc. (NASDAQ:IPAR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,845 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IPAR. Principal Securities Inc. purchased a new position in Inter Parfums during the fourth quarter worth $30,000. Whittier Trust Co. purchased a new position in Inter Parfums during the first quarter worth $31,000. Johnson Financial Group Inc. purchased a new position in Inter Parfums during the fourth quarter worth $33,000. CWM LLC boosted its stake in Inter Parfums by 44.4% during the second quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after buying an additional 88 shares during the period. Finally, Hexagon Capital Partners LLC boosted its stake in Inter Parfums by 84.0% during the first quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock worth $37,000 after buying an additional 121 shares during the period. 55.57% of the stock is owned by hedge funds and other institutional investors.

Inter Parfums Trading Up 0.3 %

Shares of NASDAQ IPAR opened at $119.24 on Friday. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $156.75. The firm has a market cap of $3.82 billion, a PE ratio of 27.47 and a beta of 1.16. The business has a fifty day simple moving average of $126.72 and a two-hundred day simple moving average of $125.12. The company has a quick ratio of 1.27, a current ratio of 2.58 and a debt-to-equity ratio of 0.12.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 earnings per share 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 company had revenue of $342.00 million during the quarter, compared to analyst estimates of $342.00 million. During the same period in the prior year, the firm earned $1.09 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts expect that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $125.96, for a total value of $188,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 43.90% of the company’s stock.

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.