Berry Wealth Group LP Boosts Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Berry Wealth Group LP boosted its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 18.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,197 shares of the company’s stock after purchasing an additional 347 shares during the quarter. Berry Wealth Group LP’s holdings in Inter Parfums were worth $284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Annex Advisory Services LLC lifted its holdings in shares of Inter Parfums by 26.9% in the 1st quarter. Annex Advisory Services LLC now owns 53,111 shares of the company’s stock valued at $7,463,000 after purchasing an additional 11,259 shares during the last quarter. Hexagon Capital Partners LLC grew its position in shares of Inter Parfums by 84.0% during the first quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 121 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Inter Parfums by 13.8% in the 1st quarter. BNP Paribas Financial Markets now owns 33,403 shares of the company’s stock valued at $4,693,000 after acquiring an additional 4,059 shares during the period. Whittier Trust Co. acquired a new position in shares of Inter Parfums in the 1st quarter valued at $31,000. Finally, Texas Permanent School Fund Corp raised its position in Inter Parfums by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 15,674 shares of the company’s stock valued at $2,202,000 after purchasing an additional 203 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on IPAR shares. Piper Sandler restated an “overweight” rating and issued a $151.00 price objective (up from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. DA Davidson reissued a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a report on Friday, September 13th. Jefferies Financial Group raised Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Friday, July 12th. StockNews.com raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, BWS Financial restated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Inter Parfums Price Performance

NASDAQ:IPAR traded down $0.20 during trading hours on Monday, hitting $120.42. The company’s stock had a trading volume of 25,802 shares, compared to its average volume of 143,509. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $156.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58. The company has a market capitalization of $3.86 billion, a PE ratio of 27.79 and a beta of 1.15. The business’s 50-day moving average is $122.97 and its two-hundred day moving average is $122.84.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.09. The business had revenue of $342.00 million for the quarter, compared to the consensus estimate of $342.00 million. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 earnings per share. As a group, research analysts anticipate that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $125.96, for a total value of $188,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 43.90% of the stock is currently owned by company insiders.

About Inter Parfums

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.