Inter Parfums, Inc. (NASDAQ:IPAR) Shares Sold by Quest Partners LLC

Quest Partners LLC decreased its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 23.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,804 shares of the company’s stock after selling 552 shares during the period. Quest Partners LLC’s holdings in Inter Parfums were worth $234,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of IPAR. CWM LLC boosted its stake in Inter Parfums by 44.4% in the 2nd quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after purchasing an additional 88 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Inter Parfums by 83.4% during the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after buying an additional 296 shares during the period. Mendota Financial Group LLC acquired a new stake in shares of Inter Parfums during the second quarter worth $89,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Inter Parfums during the third quarter valued at $209,000. Finally, Choreo LLC acquired a new position in shares of Inter Parfums in the 2nd quarter valued at $213,000. Institutional investors and hedge funds own 55.57% of the company’s stock.

Inter Parfums Stock Performance

NASDAQ IPAR opened at $137.48 on Wednesday. The firm has a market capitalization of $4.40 billion, a P/E ratio of 29.38 and a beta of 1.16. The stock has a 50-day simple moving average of $124.31 and a two-hundred day simple moving average of $123.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. Inter Parfums, Inc. has a fifty-two week low of $108.39 and a fifty-two week 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 for the quarter, beating the consensus estimate of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company had revenue of $425.00 million during the quarter, compared to analysts’ expectations of $425.00 million. During the same period last year, the business earned $1.66 earnings per share. Inter Parfums’s quarterly revenue was up 15.5% on a year-over-year basis. On average, equities analysts forecast that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. DA Davidson reaffirmed a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a research report on Tuesday, November 12th. Piper Sandler decreased 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. StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, BWS Financial reissued a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $157.50.

Insider Activity at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company 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.