Inter Parfums, Inc. (NASDAQ:IPAR) COO Sells $532,160.00 in Stock

Inter Parfums, Inc. (NASDAQ:IPAR) COO Pelayo Frederic Garcia sold 4,000 shares of Inter Parfums stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $133.04, for a total value of $532,160.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Inter Parfums Price Performance

IPAR stock opened at $138.09 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The company’s 50-day moving average is $125.08 and its 200-day moving average is $123.31. The stock has a market capitalization of $4.42 billion, a PE ratio of 29.63 and a beta of 1.16. Inter Parfums, Inc. has a 1 year low of $108.39 and a 1 year high of $156.75.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly 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%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.66 earnings per share. Equities research analysts expect that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Institutional Trading of Inter Parfums

Several hedge funds have recently bought and sold shares of IPAR. CWM LLC lifted its stake in shares of Inter Parfums by 44.4% in the second quarter. CWM LLC now owns 286 shares of the company’s stock valued at $33,000 after buying an additional 88 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in 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 acquiring an additional 92 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Inter Parfums by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company’s stock valued at $1,044,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System increased its holdings in Inter Parfums by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 5,378 shares of the company’s stock worth $624,000 after purchasing an additional 105 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in shares of Inter Parfums by 3.9% in the third quarter. Inspire Investing LLC now owns 3,208 shares of the company’s stock worth $415,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Analyst Upgrades and Downgrades

IPAR has been the subject of a number of research reports. BWS Financial reiterated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Monday, November 11th. StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. DA Davidson restated a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a research report on Tuesday, November 12th. Finally, Piper Sandler lowered their target price on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Inter Parfums presently has an average rating of “Moderate Buy” and a consensus price target of $157.50.

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.