Inter Parfums, Inc. (NASDAQ:IPAR) Position Lifted by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 50.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,034 shares of the company's stock after acquiring an additional 7,771 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.07% of Inter Parfums worth $2,982,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. CWM LLC boosted its stake in Inter Parfums by 44.4% during the 2nd quarter. CWM LLC now owns 286 shares of the company's stock worth $33,000 after purchasing an additional 88 shares during the period. Blue Trust Inc. raised its holdings in shares of Inter Parfums by 83.4% in the third 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 last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Inter Parfums during the third quarter worth about $104,000. Crossmark Global Holdings Inc. purchased a new position in shares of Inter Parfums during the third quarter worth about $209,000. Finally, Choreo LLC acquired a new position in shares of Inter Parfums in the second quarter valued at approximately $213,000. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Inter Parfums Trading Down 0.5 %

NASDAQ IPAR traded down $0.70 during mid-day trading on Friday, reaching $136.84. 139,475 shares of the stock were exchanged, compared to its average volume of 144,684. The stock has a market capitalization of $4.38 billion, a PE ratio of 29.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $156.75. The business's fifty day simple moving average is $128.28 and its 200 day simple moving average is $124.72.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The business had revenue of $425.00 million for the quarter, compared to analysts' expectations of $425.00 million. During the same quarter last year, the firm earned $1.66 earnings per share. The business's revenue was up 15.5% on a year-over-year basis. On average, research analysts anticipate that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 43.90% of the company's stock.

Wall Street Analysts Forecast Growth

IPAR has been the topic of several analyst reports. DA Davidson reaffirmed a "buy" rating and issued a $163.00 target price on shares of Inter Parfums in a report on Tuesday, December 3rd. BWS Financial reissued a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a report on Monday, November 11th. Finally, 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $159.75.

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.