Inter Parfums, Inc. (NASDAQ:IPAR) Shares Sold by Cynosure Group LLC

Cynosure Group LLC cut its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 10.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,027 shares of the company’s stock after selling 357 shares during the period. Cynosure Group LLC’s holdings in Inter Parfums were worth $392,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of IPAR. Harbor Capital Advisors Inc. raised its position in shares of Inter Parfums by 306.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,478 shares of the company’s stock worth $636,000 after purchasing an additional 4,131 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Inter Parfums by 119.7% during the first quarter. Janus Henderson Group PLC now owns 19,953 shares of the company’s stock valued at $2,804,000 after acquiring an additional 10,870 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Inter Parfums during the first quarter worth about $601,000. WCM Investment Management LLC increased its holdings in shares of Inter Parfums by 2.9% in the 3rd quarter. WCM Investment Management LLC now owns 193,660 shares of the company’s stock worth $24,835,000 after acquiring an additional 5,482 shares during the period. Finally, Algert Global LLC lifted its position in Inter Parfums by 18.6% in the 2nd quarter. Algert Global LLC now owns 70,564 shares of the company’s stock valued at $8,188,000 after purchasing an additional 11,089 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

Insider Activity at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 43.90% of the stock is currently owned by insiders.

Inter Parfums Stock Performance

Shares of IPAR opened at $138.09 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 29.63 and a beta of 1.16. Inter Parfums, Inc. has a one year low of $108.39 and a one year high of $156.75. The company has a 50-day moving average of $124.70 and a two-hundred day moving average of $123.20.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, beating 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 firm had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. During the same period in the previous year, the firm earned $1.66 earnings per share. Inter Parfums’s quarterly revenue was up 15.5% on a year-over-year basis. On average, equities research analysts expect that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IPAR. DA Davidson reiterated a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a research report on Tuesday, November 12th. BWS Financial restated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Monday, November 11th. Piper Sandler lowered their target price on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $157.50.

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.