HighTower Advisors LLC Buys 403 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

HighTower Advisors LLC raised its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 15.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,966 shares of the company’s stock after buying an additional 403 shares during the period. HighTower Advisors LLC’s holdings in Inter Parfums were worth $384,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IPAR. Blue Trust Inc. increased its position in Inter Parfums by 83.4% during the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after purchasing an additional 296 shares during the period. Northwest & Ethical Investments L.P. bought a new position in shares of Inter Parfums during the third quarter valued at $104,000. Crossmark Global Holdings Inc. bought a new position in shares of Inter Parfums in the third quarter worth approximately $209,000. Choreo LLC bought a new stake in shares of Inter Parfums in the 2nd quarter worth $213,000. Finally, Berry Wealth Group LP raised its position in Inter Parfums by 7.4% in the 2nd quarter. Berry Wealth Group LP now owns 1,850 shares of the company’s stock worth $215,000 after buying an additional 128 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on IPAR shares. DA Davidson restated a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a research note on Wednesday, December 18th. Piper Sandler lifted 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. Finally, BWS Financial reissued a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $159.75.

Inter Parfums Trading Down 2.0 %

NASDAQ IPAR opened at $127.77 on Monday. Inter Parfums, Inc. has a 52 week low of $108.39 and a 52 week high of $156.75. The company has a 50 day moving average price of $129.13 and a 200 day moving average price of $125.14. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The firm has a market cap of $4.09 billion, a PE ratio of 27.42 and a beta of 1.20.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. The business had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.66 earnings per share. As a group, sell-side analysts forecast that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Insider Buying and Selling at Inter Parfums

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 43.90% of the company’s stock.

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.