Copeland Capital Management LLC Trims Stake in Inter Parfums, Inc. (NASDAQ:IPAR)

Copeland Capital Management LLC trimmed its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 99.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,549 shares of the company's stock after selling 149,082 shares during the quarter. Copeland Capital Management LLC's holdings in Inter Parfums were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of IPAR. GAMMA Investing LLC lifted its position in shares of Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company's stock valued at $30,000 after acquiring an additional 81 shares during the period. Blue Trust Inc. grew its stake in shares of Inter Parfums by 83.4% in the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company's stock valued at $84,000 after buying an additional 296 shares during the period. Northwest & Ethical Investments L.P. bought a new stake in Inter Parfums in the 3rd quarter valued at about $104,000. Crossmark Global Holdings Inc. bought a new position in Inter Parfums in the third quarter worth approximately $209,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in Inter Parfums in the third quarter valued at approximately $233,000. 55.57% of the stock is owned by institutional investors.

Inter Parfums Stock Down 0.1 %

IPAR stock traded down $0.13 on Thursday, reaching $138.89. 113,531 shares of the company traded hands, compared to its average volume of 110,489. The company has a market cap of $4.45 billion, a P/E ratio of 29.80 and a beta of 1.20. 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, Inc. has a one year low of $108.39 and a one year high of $156.75. The firm has a fifty day simple moving average of $135.53 and a 200-day simple moving average of $129.32.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $425.00 million for the quarter, compared to analysts' expectations of $425.00 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm's quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 EPS. Research analysts anticipate that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Insider Transactions at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the business's stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 43.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Canaccord Genuity Group initiated coverage on Inter Parfums in a research report on Thursday, January 16th. They issued a "buy" rating and a $158.00 price target for the company. DA Davidson reaffirmed a "buy" rating and set a $163.00 price target on shares of Inter Parfums in a research report on Thursday, January 23rd. Piper Sandler boosted their price objective on Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Finally, BWS Financial reaffirmed a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $159.40.

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.