Burney Co. Cuts Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Burney Co. lowered its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 79.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,697 shares of the company’s stock after selling 41,376 shares during the quarter. Burney Co.’s holdings in Inter Parfums were worth $1,407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Inter Parfums by 55.9% in the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after buying an additional 81 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Inter Parfums by 83.4% during the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after acquiring an additional 296 shares in the last quarter. Northwest & Ethical Investments L.P. bought a new position in shares of Inter Parfums during the 3rd quarter valued at approximately $104,000. Crossmark Global Holdings Inc. bought a new position in shares of Inter Parfums during the 3rd quarter valued at approximately $209,000. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of Inter Parfums in the third quarter valued at $233,000. Institutional investors own 55.57% of the company’s stock.

Inter Parfums Stock Performance

Inter Parfums stock opened at $137.85 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The firm has a market capitalization of $4.42 billion, a P/E ratio of 29.58 and a beta of 1.20. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $156.75. The company’s 50-day moving average is $132.52 and its 200 day moving average is $127.19.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $425.00 million. During the same period in the prior year, the business posted $1.66 earnings per share. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. Research analysts forecast that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on IPAR. BWS Financial reiterated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Monday, November 11th. Canaccord Genuity Group assumed coverage on shares of Inter Parfums in a report on Thursday. They issued a “buy” rating and a $158.00 price target for the company. DA Davidson reissued a “buy” rating and set a $163.00 price objective on shares of Inter Parfums in a research note on Wednesday, December 18th. Finally, Piper Sandler raised their price objective on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.40.

Insiders Place Their Bets

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $133.04, for a total value of $532,160.00. The sale was disclosed in a filing with the SEC, which is available through this link. 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.