Teachers Retirement System of The State of Kentucky Raises Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Teachers Retirement System of The State of Kentucky grew its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 50.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,034 shares of the company’s stock after buying an additional 7,771 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Inter Parfums were worth $2,982,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CWM LLC lifted its holdings in Inter Parfums by 44.4% during the second quarter. CWM LLC now owns 286 shares of the company’s stock valued at $33,000 after purchasing an additional 88 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Inter Parfums by 2.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company’s stock valued at $390,000 after purchasing an additional 92 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Inter Parfums by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company’s stock valued at $1,044,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System boosted its holdings in Inter Parfums by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 5,378 shares of the company’s stock worth $624,000 after buying an additional 105 shares during the period. Finally, Inspire Investing LLC increased its stake in Inter Parfums by 3.9% in the 3rd quarter. Inspire Investing LLC now owns 3,208 shares of the company’s stock worth $415,000 after buying an additional 120 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the company’s 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 can be accessed through the SEC website. 43.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BWS Financial restated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research report on Monday, November 11th. Piper Sandler boosted their price target on Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, DA Davidson reaffirmed a “buy” rating and set a $163.00 price objective on shares of Inter Parfums in a report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.75.

Inter Parfums Price Performance

NASDAQ:IPAR opened at $136.84 on Friday. The business’s 50-day moving average is $128.28 and its 200 day moving average is $124.72. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $156.75. The company has a market capitalization of $4.38 billion, a P/E ratio of 29.36 and a beta of 1.20. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping 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 business had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. During the same period in the prior year, the firm earned $1.66 EPS. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities research analysts forecast that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal 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.