Mendota Financial Group LLC Has $54,000 Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Mendota Financial Group LLC cut its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 46.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 409 shares of the company’s stock after selling 356 shares during the period. Mendota Financial Group LLC’s holdings in Inter Parfums were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after buying an additional 81 shares during the period. Synovus Financial Corp lifted its holdings in shares of Inter Parfums by 12.3% in the third quarter. Synovus Financial Corp now owns 4,546 shares of the company’s stock valued at $589,000 after purchasing an additional 499 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Inter Parfums during the third quarter worth about $259,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Inter Parfums by 50.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 23,034 shares of the company’s stock worth $2,982,000 after buying an additional 7,771 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Inter Parfums by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 436,137 shares of the company’s stock valued at $56,481,000 after buying an additional 5,056 shares during the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a research note on Wednesday, December 18th. BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Monday, November 11th. Finally, Piper Sandler lifted their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $159.75.

Inter Parfums Stock Performance

Shares of NASDAQ:IPAR opened at $128.86 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. Inter Parfums, Inc. has a 12-month low of $108.39 and a 12-month high of $156.75. The company’s 50 day moving average price is $132.09 and its two-hundred day moving average price is $126.97. The firm has a market cap of $4.13 billion, a PE ratio of 27.65 and a beta of 1.20.

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

Insider Buying and Selling at Inter Parfums

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of Inter Parfums stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 43.90% of the company’s stock.

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.