Inter Parfums (NASDAQ:IPAR) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Inter Parfums, Inc. (NASDAQ:IPAR - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $126.47 and traded as high as $133.71. Inter Parfums shares last traded at $130.39, with a volume of 174,318 shares.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Piper Sandler lifted their price target on Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. BWS Financial reissued a "buy" rating and issued a $172.00 price target on shares of Inter Parfums in a report on Monday, November 11th. Finally, DA Davidson restated a "buy" rating and issued a $163.00 target price on shares of Inter Parfums in a research report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $159.75.

Inter Parfums Stock Up 0.6 %

The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 28.14 and a beta of 1.20. The stock's 50 day moving average is $131.49 and its 200 day moving average is $126.60. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings results 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 company 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 revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the firm earned $1.66 EPS. Analysts forecast that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Insider Buying and Selling

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the company's stock in a transaction 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 Securities & Exchange Commission, which is available through this link. Insiders own 43.90% of the company's stock.

Institutional Trading of Inter Parfums

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Inter Parfums by 55.9% during the fourth 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. raised its stake in Inter Parfums by 83.4% during the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company's stock valued at $84,000 after purchasing an additional 296 shares during the period. Northwest & Ethical Investments L.P. purchased a new stake in shares of Inter Parfums in the third quarter valued at $104,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Inter Parfums in the third quarter valued at $209,000. Finally, Choreo LLC acquired a new stake in shares of Inter Parfums in the second quarter worth $213,000. 55.57% of the stock is owned by hedge funds and other institutional investors.

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.