Teacher Retirement System of Texas trimmed its position in Inter Parfums, Inc. (NASDAQ:IPAR – Get Rating) by 14.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,441 shares of the company’s stock after selling 1,375 shares during the quarter. Teacher Retirement System of Texas’ holdings in Inter Parfums were worth $815,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in IPAR. JPMorgan Chase & Co. boosted its position in Inter Parfums by 17.1% during the 1st quarter. JPMorgan Chase & Co. now owns 114,363 shares of the company’s stock valued at $10,069,000 after buying an additional 16,670 shares during the period. American Century Companies Inc. raised its position in Inter Parfums by 21.1% in the 1st quarter. American Century Companies Inc. now owns 16,915 shares of the company’s stock worth $1,489,000 after purchasing an additional 2,949 shares during the period. Citigroup Inc. increased its holdings in Inter Parfums by 10.0% during the 1st quarter. Citigroup Inc. now owns 15,487 shares of the company’s stock worth $1,364,000 after purchasing an additional 1,412 shares during the period. MetLife Investment Management LLC raised its stake in shares of Inter Parfums by 51.4% during the 1st quarter. MetLife Investment Management LLC now owns 9,932 shares of the company’s stock worth $875,000 after acquiring an additional 3,372 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Inter Parfums by 5.0% during the 1st quarter. Rhumbline Advisers now owns 55,065 shares of the company’s stock worth $4,848,000 after acquiring an additional 2,604 shares during the period. 55.41% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently commented on IPAR. Piper Sandler lifted their price target on shares of Inter Parfums from $170.00 to $178.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th. StockNews.com lowered Inter Parfums from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. BWS Financial upped their price objective on shares of Inter Parfums from $150.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. Finally, DA Davidson increased their price objective on shares of Inter Parfums from $176.00 to $187.00 and gave the stock a “buy” rating in a report on Friday, April 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $160.25.
Insider Transactions at Inter Parfums
Inter Parfums Stock Performance
Shares of IPAR stock opened at $133.86 on Monday. Inter Parfums, Inc. has a 12-month low of $64.52 and a 12-month high of $161.17. The company has a current ratio of 2.35, a quick ratio of 1.46 and a debt-to-equity ratio of 0.17. The company has a market cap of $4.28 billion, a PE ratio of 30.70, a PEG ratio of 2.10 and a beta of 1.07. The business’s fifty day simple moving average is $140.97 and its 200-day simple moving average is $123.96.
Inter Parfums (NASDAQ:IPAR – Get Rating) last announced its quarterly earnings data on Monday, May 8th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.29. Inter Parfums had a return on equity of 18.87% and a net margin of 12.17%. The business had revenue of $311.72 million during the quarter, compared to analysts’ expectations of $312.07 million. During the same quarter last year, the business posted $1.10 EPS. The business’s quarterly revenue was up 24.4% compared to the same quarter last year. Analysts expect that Inter Parfums, Inc. will post 4.25 earnings per share for the current fiscal year.
Inter Parfums Company Profile
Inter Parfums, Inc engages in the business of manufacturing, marketing, and distributing wide array of fragrances and related products. It operates through the European Based Operations and United States Based Operations segments. The European Based Operations segment conducts primarily in France. The United States Based Operations segment includes the sale of prestige brand name fragrances.
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