Geode Capital Management LLC Purchases 5,056 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Geode Capital Management LLC lifted its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 436,137 shares of the company's stock after buying an additional 5,056 shares during the period. Geode Capital Management LLC owned about 1.36% of Inter Parfums worth $56,481,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its position in Inter Parfums by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company's stock worth $1,044,000 after acquiring an additional 100 shares in the last quarter. Burney Co. raised its holdings in shares of Inter Parfums by 27.0% in the 2nd quarter. Burney Co. now owns 48,137 shares of the company's stock valued at $5,585,000 after purchasing an additional 10,225 shares during the period. F M Investments LLC acquired a new stake in Inter Parfums in the 2nd quarter valued at about $9,328,000. TrueMark Investments LLC bought a new position in Inter Parfums during the second quarter worth about $366,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Inter Parfums during the second quarter worth approximately $296,000. Institutional investors own 55.57% of the company's stock.

Insider Buying and Selling

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 43.90% of the stock is currently owned by insiders.

Inter Parfums Price Performance

IPAR traded up $0.87 on Monday, reaching $128.64. The stock had a trading volume of 75,528 shares, compared to its average volume of 144,967. The firm has a 50-day moving average of $129.13 and a 200-day moving average of $125.14. Inter Parfums, Inc. has a fifty-two week low of $108.39 and a fifty-two week high of $156.75. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 27.61 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $425.00 million. During the same quarter last year, the business earned $1.66 EPS. The firm's quarterly revenue was up 15.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on IPAR. BWS Financial reaffirmed a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a report on Monday, November 11th. DA Davidson reissued a "buy" rating and set a $163.00 price target on shares of Inter Parfums in a report on Wednesday, December 18th. Finally, Piper Sandler boosted their target price on Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $159.75.

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.