Cynosure Group LLC Sells 357 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Cynosure Group LLC trimmed its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 10.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,027 shares of the company’s stock after selling 357 shares during the period. Cynosure Group LLC’s holdings in Inter Parfums were worth $392,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its holdings in shares of Inter Parfums by 43.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,883 shares of the company’s stock worth $405,000 after purchasing an additional 878 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Inter Parfums by 6.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 18,460 shares of the company’s stock valued at $2,591,000 after acquiring an additional 1,091 shares during the period. Janus Henderson Group PLC raised its holdings in Inter Parfums by 119.7% in the 1st quarter. Janus Henderson Group PLC now owns 19,953 shares of the company’s stock valued at $2,804,000 after acquiring an additional 10,870 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Inter Parfums in the 1st quarter worth approximately $601,000. Finally, Tidal Investments LLC acquired a new stake in shares of Inter Parfums during the 1st quarter worth approximately $295,000. 55.57% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 43.90% of the company’s stock.

Analyst Upgrades and Downgrades

IPAR has been the subject of a number of recent research reports. Piper Sandler cut their target price on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, November 13th. BWS Financial reaffirmed a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a report on Monday, November 11th. StockNews.com raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, DA Davidson reiterated a “buy” rating and issued a $163.00 price objective on shares of Inter Parfums in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Inter Parfums has a consensus rating of “Moderate Buy” and a consensus price target of $157.50.

Inter Parfums Stock Performance

Inter Parfums stock opened at $138.09 on Thursday. The stock has a 50-day simple moving average of $124.70 and a 200 day simple moving average of $123.20. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 29.63 and a beta of 1.16. 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.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The business had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. During the same period in the prior year, the firm earned $1.66 earnings per share. Inter Parfums’s revenue was up 15.5% compared to the same quarter last year. On average, research analysts anticipate that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

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.