Copeland Capital Management LLC Sells 458,815 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Copeland Capital Management LLC lowered its holdings in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 75.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,631 shares of the company's stock after selling 458,815 shares during the quarter. Copeland Capital Management LLC owned 0.47% of Inter Parfums worth $19,504,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hexagon Capital Partners LLC increased its position in shares of Inter Parfums by 84.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 265 shares of the company's stock valued at $37,000 after purchasing an additional 121 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Inter Parfums by 13.8% in the first quarter. BNP Paribas Financial Markets now owns 33,403 shares of the company's stock valued at $4,693,000 after purchasing an additional 4,059 shares during the period. Whittier Trust Co. acquired a new position in shares of Inter Parfums during the 1st quarter worth $31,000. Texas Permanent School Fund Corp lifted its stake in Inter Parfums by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 15,674 shares of the company's stock valued at $2,202,000 after buying an additional 203 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of Inter Parfums by 476.0% during the 1st quarter. Quantbot Technologies LP now owns 2,932 shares of the company's stock worth $412,000 after purchasing an additional 2,423 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company's stock.

Insider Activity at Inter Parfums

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $125.96, for a total value of $188,940.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 43.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on IPAR shares. BWS Financial reissued a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a research note on Thursday, August 8th. DA Davidson reissued a "buy" rating and issued a $163.00 target price on shares of Inter Parfums in a research report on Tuesday. Piper Sandler restated an "overweight" rating and set a $151.00 price objective (up from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. StockNews.com raised Inter Parfums from a "sell" rating to a "hold" rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group upgraded shares of Inter Parfums from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a research report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.50.

Inter Parfums Stock Up 0.8 %

Shares of NASDAQ:IPAR traded up $0.93 on Tuesday, reaching $120.23. The company had a trading volume of 145,015 shares, compared to its average volume of 143,881. The stock has a 50-day moving average price of $122.82 and a 200 day moving average price of $122.76. The company has a quick ratio of 1.27, a current ratio of 2.58 and a debt-to-equity ratio of 0.12. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $156.75. The stock has a market capitalization of $3.85 billion, a P/E ratio of 27.49 and a beta of 1.15.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.09. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The business had revenue of $342.00 million for the quarter, compared to the consensus estimate of $342.00 million. During the same period last year, the business earned $1.09 earnings per share. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities analysts expect that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Inter Parfums Company 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.