Crossmark Global Holdings Inc. Makes New Investment in Inter Parfums, Inc. (NASDAQ:IPAR)

Crossmark Global Holdings Inc. bought a new stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 1,620 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds have also made changes to their positions in the stock. CWM LLC raised its holdings in 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 acquiring an additional 88 shares in the last quarter. Blue Trust Inc. lifted its position 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 purchasing an additional 296 shares during the last quarter. Mendota Financial Group LLC acquired a new position in Inter Parfums in the second quarter worth about $89,000. Choreo LLC acquired a new position in Inter Parfums in the second quarter worth about $213,000. Finally, Berry Wealth Group LP increased its holdings in Inter Parfums by 7.4% in the second quarter. Berry Wealth Group LP now owns 1,850 shares of the company’s stock valued at $215,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Inter Parfums Price Performance

Shares of IPAR opened at $124.90 on Tuesday. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $156.75. 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 stock has a fifty day moving average price of $122.71 and a 200 day moving average price of $122.67. The company has a market cap of $4.00 billion, a P/E ratio of 26.80 and a beta of 1.16.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The business had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 EPS. On average, research analysts forecast that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on IPAR shares. StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. BWS Financial reiterated a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a research note on Monday, November 11th. Piper Sandler dropped their target price on shares of Inter Parfums from $158.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday, November 13th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $157.50.

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.