Inter Parfums, Inc. (NASDAQ:IPAR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 8.5% in the third quarter, Holdings Channel.com reports. The firm owned 2,698 shares of the company’s stock after selling 250 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Inter Parfums were worth $349,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CWM LLC boosted 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 purchasing an additional 88 shares during the period. Blue Trust Inc. increased its holdings in Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after buying an additional 296 shares in the last quarter. Mendota Financial Group LLC purchased a new position in shares of Inter Parfums during the 2nd quarter worth approximately $89,000. Crossmark Global Holdings Inc. acquired a new stake in Inter Parfums during the third quarter worth approximately $209,000. Finally, Choreo LLC acquired a new position in shares of Inter Parfums during the 2nd quarter valued at about $213,000. Institutional investors and hedge funds own 55.57% of the company’s stock.

Analyst Ratings Changes

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

Inter Parfums Trading Up 0.4 %

NASDAQ IPAR opened at $138.09 on Friday. The stock has a market cap of $4.42 billion, a P/E ratio of 29.63 and a beta of 1.16. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The company’s fifty day simple moving average is $125.08 and its 200-day simple moving average is $123.31. Inter Parfums, Inc. has a 52 week low of $108.39 and a 52 week high of $156.75.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $425.00 million for the quarter, compared to the consensus estimate of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS. Equities research analysts predict that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the company’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 43.90% of the stock is currently owned by corporate insiders.

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.