Vest Financial LLC Acquires New Stake in Inter Parfums, Inc. (NASDAQ:IPAR)

Vest Financial LLC bought a new stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,098 shares of the company's stock, valued at approximately $2,858,000. Vest Financial LLC owned 0.08% of Inter Parfums at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC raised its holdings in shares of Inter Parfums by 210.3% in the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock valued at $67,000 after acquiring an additional 347 shares in the last quarter. SRH Advisors LLC raised its holdings in shares of Inter Parfums by 791.7% in the fourth quarter. SRH Advisors LLC now owns 535 shares of the company's stock valued at $70,000 after acquiring an additional 475 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Inter Parfums by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock valued at $105,000 after acquiring an additional 400 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Inter Parfums by 25.7% in the fourth quarter. Blue Trust Inc. now owns 818 shares of the company's stock valued at $106,000 after acquiring an additional 167 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Inter Parfums by 23.8% in the fourth quarter. Lazard Asset Management LLC now owns 1,263 shares of the company's stock valued at $166,000 after acquiring an additional 243 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Inter Parfums Stock Up 0.9%

Shares of IPAR traded up $1.27 during mid-day trading on Friday, hitting $137.93. 128,274 shares of the company traded hands, compared to its average volume of 189,161. Inter Parfums, Inc. has a 1-year low of $97.65 and a 1-year high of $148.15. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $4.43 billion, a PE ratio of 29.60 and a beta of 1.40. The business has a 50 day moving average of $117.51 and a 200 day moving average of $127.75.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.19. The firm had revenue of $339.00 million for the quarter, compared to the consensus estimate of $329.21 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.27 earnings per share. Equities research analysts anticipate that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on IPAR shares. Piper Sandler reiterated an "overweight" rating and issued a $138.00 target price (down from $169.00) on shares of Inter Parfums in a report on Thursday, April 24th. Canaccord Genuity Group boosted their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. BWS Financial reiterated a "buy" rating and issued a $172.00 target price on shares of Inter Parfums in a report on Wednesday, May 7th. Finally, DA Davidson reiterated a "buy" rating and issued a $170.00 target price on shares of Inter Parfums in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $157.60.

Insider Activity at Inter Parfums

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total value of $183,225.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 43.90% of the stock is owned by 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.