Inter Parfums, Inc. (NASDAQ:IPAR) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 25.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 818 shares of the company’s stock after buying an additional 167 shares during the quarter. Blue Trust Inc.’s holdings in Inter Parfums were worth $106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after buying an additional 81 shares during the last quarter. Northwest & Ethical Investments L.P. acquired 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 during the third quarter worth about $209,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Inter Parfums in the 3rd quarter worth about $233,000. Finally, Sanctuary Advisors LLC bought a new stake in Inter Parfums in the 3rd quarter valued at about $259,000. 55.57% of the stock is owned by institutional investors.

Insider Activity

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the business’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 43.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on IPAR shares. Canaccord Genuity Group started coverage on Inter Parfums in a research report on Thursday, January 16th. They issued a “buy” rating and a $158.00 target price on the stock. Piper Sandler raised their price target on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. BWS Financial reaffirmed a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Monday, January 27th. Finally, DA Davidson reissued a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a research note on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.40.

Inter Parfums Stock Down 0.1 %

Shares of Inter Parfums stock opened at $138.89 on Friday. Inter Parfums, Inc. has a 12-month low of $108.39 and a 12-month high of $156.75. 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 stock has a 50 day moving average price of $135.53 and a two-hundred day moving average price of $129.32. The stock has a market capitalization of $4.45 billion, a P/E ratio of 29.80 and a beta of 1.20.

Inter Parfums (NASDAQ:IPAR) last announced its 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. The firm had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.66 EPS. Equities analysts expect that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Inter Parfums 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.