Inter Parfums, Inc. (NASDAQ:IPAR) COO Pelayo Frederic Garcia Sells 4,000 Shares of Stock

Inter Parfums, Inc. (NASDAQ:IPAR) COO Pelayo Frederic Garcia sold 4,000 shares of Inter Parfums 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Inter Parfums Stock Down 0.7 %

Shares of Inter Parfums stock opened at $137.48 on Wednesday. The stock has a 50-day simple moving average of $124.31 and a 200-day simple moving average of $123.09. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $156.75. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 29.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60.

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. DA Davidson reissued a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a research note on Tuesday, November 12th. Piper Sandler decreased their price objective on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, November 13th. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, BWS Financial reissued a “buy” rating and issued 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $157.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IPAR. Victory Capital Management Inc. boosted its position in Inter Parfums by 5,393.6% during the third quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock worth $47,075,000 after purchasing an additional 356,949 shares during the period. American Century Companies Inc. boosted its holdings in shares of Inter Parfums by 50.1% during the 2nd quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock worth $36,846,000 after buying an additional 106,044 shares during the period. Wellington Management Group LLP grew its stake in Inter Parfums by 44.2% in the 3rd quarter. Wellington Management Group LLP now owns 323,863 shares of the company’s stock valued at $41,934,000 after buying an additional 99,316 shares during the last quarter. F M Investments LLC bought a new position in Inter Parfums in the 2nd quarter worth $9,328,000. Finally, Burney Co. acquired a new position in Inter Parfums during the 1st quarter worth $5,327,000. Institutional investors and hedge funds own 55.57% 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.