Thrivent Financial for Lutherans Sells 804 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Thrivent Financial for Lutherans trimmed its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 5.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 14,083 shares of the company’s stock after selling 804 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Inter Parfums were worth $1,823,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. CWM LLC boosted its stake in shares of Inter Parfums by 44.4% during the second quarter. CWM LLC now owns 286 shares of the company’s stock valued at $33,000 after purchasing an additional 88 shares during the period. Blue Trust Inc. raised its holdings in Inter Parfums by 83.4% during the 3rd 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. Mendota Financial Group LLC purchased a new stake in Inter Parfums during the 2nd quarter valued at $89,000. Crossmark Global Holdings Inc. bought a new stake in Inter Parfums in the 3rd quarter worth $209,000. Finally, Choreo LLC purchased a new position in shares of Inter Parfums in the second quarter valued at about $213,000. 55.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the business’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 43.90% of the company’s stock.

Inter Parfums Stock Up 0.4 %

IPAR stock opened at $138.09 on Friday. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 29.63 and a beta of 1.16. 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 50 day moving average price is $125.08 and its two-hundred day moving average price is $123.31. 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 announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The business had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. During the same quarter in the prior year, the company earned $1.66 earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. As a group, analysts forecast that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IPAR shares. DA Davidson reiterated a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a report on Tuesday, November 12th. BWS Financial reiterated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Monday, November 11th. Piper Sandler decreased their target price on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company 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 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.50.

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.