FORA Capital LLC Has $231,000 Position in Inter Parfums, Inc. (NASDAQ:IPAR)

FORA Capital LLC lowered its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 22.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,783 shares of the company’s stock after selling 515 shares during the quarter. FORA Capital LLC’s holdings in Inter Parfums were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC increased its stake in shares of Inter Parfums by 44.4% in the second quarter. CWM LLC now owns 286 shares of the company’s stock valued at $33,000 after buying an additional 88 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Inter Parfums by 2.8% in the second quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company’s stock valued at $390,000 after buying an additional 92 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Inter Parfums by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company’s stock valued at $1,044,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its stake in shares of Inter Parfums by 2.0% in the second quarter. Arizona State Retirement System now owns 5,378 shares of the company’s stock valued at $624,000 after buying an additional 105 shares during the period. Finally, Inspire Investing LLC increased its stake in shares of Inter Parfums by 3.9% in the third quarter. Inspire Investing LLC now owns 3,208 shares of the company’s stock valued at $415,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 55.57% of the company’s stock.

Insiders Place Their Bets

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of Inter Parfums stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 43.90% of the company’s stock.

Analyst Ratings Changes

IPAR has been the subject of a number of recent analyst reports. DA Davidson reissued a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a research report on Tuesday, November 12th. StockNews.com raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler decreased their target price on shares of Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, November 13th. Finally, BWS Financial reissued a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.50.

Inter Parfums Stock Down 0.3 %

Inter Parfums stock opened at $137.66 on Friday. The company has a market capitalization of $4.41 billion, a PE ratio of 29.54 and a beta of 1.16. Inter Parfums, Inc. has a 12-month low of $108.39 and a 12-month high of $156.75. The firm’s fifty day moving average is $125.82 and its 200 day moving average is $123.53. 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) last announced its quarterly earnings data 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. The firm had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 earnings per share. As a group, sell-side analysts predict that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal 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.