Moody Aldrich Partners LLC Boosts Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Moody Aldrich Partners LLC grew its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 34.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,157 shares of the company's stock after buying an additional 9,774 shares during the period. Moody Aldrich Partners LLC owned 0.12% of Inter Parfums worth $4,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of IPAR. UniSuper Management Pty Ltd bought a new position in Inter Parfums during the first quarter valued at approximately $638,000. Bessemer Group Inc. lifted its holdings in shares of Inter Parfums by 6.0% in the 1st quarter. Bessemer Group Inc. now owns 85,990 shares of the company's stock valued at $12,082,000 after acquiring an additional 4,880 shares during the last quarter. Empowered Funds LLC bought a new stake in Inter Parfums during the first quarter worth approximately $1,018,000. Harbor Capital Advisors Inc. raised its position in Inter Parfums by 306.7% during the second quarter. Harbor Capital Advisors Inc. now owns 5,478 shares of the company's stock valued at $636,000 after purchasing an additional 4,131 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Inter Parfums in the 1st quarter valued at approximately $601,000. Hedge funds and other institutional investors own 55.57% of the company's stock.

Inter Parfums Trading Up 0.0 %

Shares of NASDAQ:IPAR traded up $0.06 on Thursday, hitting $121.31. 96,128 shares of the company's stock were exchanged, compared to its average volume of 143,527. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 27.95 and a beta of 1.15. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $156.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.58 and a quick ratio of 1.27. The business's 50 day simple moving average is $122.49 and its two-hundred day simple moving average is $122.66.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.09. The company had revenue of $342.00 million during the quarter, compared to analyst estimates of $342.00 million. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. Analysts anticipate that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IPAR shares. Piper Sandler reissued an "overweight" rating and set a $151.00 target price (up previously from $150.00) on shares of Inter Parfums in a research report on Tuesday, July 23rd. StockNews.com raised shares of Inter Parfums from a "sell" rating to a "hold" rating in a research note on Wednesday, August 7th. DA Davidson reaffirmed a "buy" rating and set a $163.00 price target on shares of Inter Parfums in a research note on Tuesday. BWS Financial reiterated a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a report on Wednesday. Finally, Jefferies Financial Group raised shares of Inter Parfums from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a research note on Friday, July 12th. 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, Inter Parfums has a consensus rating of "Moderate Buy" and a consensus target price of $156.50.

Insider Activity at Inter Parfums

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of Inter Parfums stock in a transaction on Monday, August 19th. The stock was sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 43.90% of the stock is owned by company insiders.

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.