Creative Planning Acquires 826 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Creative Planning raised its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 36.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,104 shares of the company’s stock after acquiring an additional 826 shares during the period. Creative Planning’s holdings in Inter Parfums were worth $402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. 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 in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Inter Parfums by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company’s stock valued at $390,000 after purchasing an additional 92 shares in the last quarter. Louisiana State Employees Retirement System lifted 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 worth $1,044,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System lifted 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 worth $624,000 after acquiring an additional 105 shares during the period. Finally, Inspire Investing LLC lifted 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 worth $415,000 after acquiring an additional 120 shares during the period. Institutional investors own 55.57% of the company’s stock.

Insider Buying and Selling

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The transaction was disclosed in a filing 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 Stock Down 1.7 %

IPAR opened at $125.88 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.58 and a quick ratio of 1.27. The company’s 50-day moving average is $122.33 and its 200 day moving average is $122.44. Inter Parfums, Inc. has a fifty-two week low of $108.39 and a fifty-two week high of $156.75. The firm has a market capitalization of $4.03 billion, a P/E ratio of 28.67 and a beta of 1.16.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The company had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. During the same period last year, the firm earned $1.66 earnings per share. The firm’s revenue was up 15.5% on a year-over-year basis. Research analysts expect that Inter Parfums, Inc. will post 5.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on IPAR shares. BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Wednesday, October 23rd. Piper Sandler restated an “overweight” rating and issued a $151.00 price target (up from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. DA Davidson reaffirmed a “buy” rating and issued a $163.00 price objective on shares of Inter Parfums in a research note on Tuesday, October 22nd. StockNews.com raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Friday, July 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

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.