Moody Aldrich Partners LLC Sells 1,054 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Moody Aldrich Partners LLC cut its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,103 shares of the company’s stock after selling 1,054 shares during the period. Moody Aldrich Partners LLC owned 0.12% of Inter Parfums worth $4,879,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in IPAR. Hsbc Holdings PLC grew its position in Inter Parfums by 12.9% during the 2nd quarter. Hsbc Holdings PLC now owns 2,322 shares of the company’s stock valued at $267,000 after purchasing an additional 266 shares during the last quarter. Sei Investments Co. boosted its holdings in Inter Parfums by 4.8% in the second quarter. Sei Investments Co. now owns 55,719 shares of the company’s stock worth $6,465,000 after purchasing an additional 2,549 shares during the last quarter. Bank of Montreal Can increased its holdings in Inter Parfums by 2.5% during the second quarter. Bank of Montreal Can now owns 5,924 shares of the company’s stock valued at $708,000 after buying an additional 142 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of Inter Parfums by 541.7% in the second quarter. Squarepoint Ops LLC now owns 29,056 shares of the company’s stock worth $3,371,000 after purchasing an additional 24,528 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Inter Parfums by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 10,888 shares of the company’s stock valued at $1,263,000 after purchasing an additional 286 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Inter Parfums Price Performance

NASDAQ IPAR opened at $141.32 on Wednesday. The company has a market capitalization of $4.53 billion, a PE ratio of 30.33 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. The business’s fifty day moving average is $134.84 and its 200 day moving average is $128.72. Inter Parfums, Inc. has a fifty-two week low of $108.39 and a fifty-two week high of $156.75.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. During the same period last year, the company earned $1.66 earnings per share. Inter Parfums’s revenue was up 15.5% on a year-over-year basis. Sell-side analysts predict that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IPAR. DA Davidson reiterated a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research note on Thursday, January 23rd. Canaccord Genuity Group began coverage on Inter Parfums in a research report on Thursday, January 16th. They set a “buy” rating and a $158.00 price target on the stock. Piper Sandler raised their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, BWS Financial reaffirmed a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research note on Monday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $159.40.

Insider Activity

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 43.90% of the company’s stock.

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.