FORA Capital LLC Has $231,000 Position in Inter Parfums, Inc. (NASDAQ:IPAR)

FORA Capital LLC reduced its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 22.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,783 shares of the company’s stock after selling 515 shares during the period. FORA Capital LLC’s holdings in Inter Parfums were worth $231,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC increased its holdings 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 purchasing an additional 88 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after acquiring an additional 296 shares during the period. Mendota Financial Group LLC bought a new stake in shares of Inter Parfums in the second quarter valued at about $89,000. Crossmark Global Holdings Inc. bought a new stake in shares of Inter Parfums in the third quarter valued at about $209,000. Finally, Choreo LLC bought a new stake in shares of Inter Parfums in the second quarter valued at about $213,000. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IPAR. Piper Sandler reduced their target price on shares of Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, November 13th. DA Davidson reissued a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research report on Tuesday, November 12th. StockNews.com raised shares of 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 issued a $172.00 target price on shares of Inter Parfums in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.50.

Inter Parfums Trading Down 0.3 %

IPAR opened at $137.66 on Friday. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $156.75. The company has a 50-day simple moving average of $125.82 and a 200 day simple moving average of $123.53. 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 market capitalization of $4.41 billion, a price-to-earnings ratio of 29.54 and a beta of 1.16.

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

Insider Transactions at Inter Parfums

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.