Inter Parfums, Inc. (NASDAQ:IPAR) Short Interest Up 6.7% in November

Inter Parfums, Inc. (NASDAQ:IPAR) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 763,400 shares, an increase of 6.7% from the November 15th total of 715,700 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average daily trading volume, of 149,100 shares, the short-interest ratio is currently 5.1 days.

Insider Buying and Selling at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of Inter Parfums 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 document filed with the SEC, which is accessible through this link. Company insiders own 43.90% of the company’s stock.

Institutional Investors Weigh In On Inter Parfums

Large investors have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its holdings in Inter Parfums by 5,393.6% in the third quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock worth $47,075,000 after buying an additional 356,949 shares during the period. American Century Companies Inc. grew its stake in shares of Inter Parfums by 50.1% in the 2nd quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock worth $36,846,000 after buying an additional 106,044 shares during the last quarter. Wellington Management Group LLP increased its position in Inter Parfums by 44.2% during the 3rd quarter. Wellington Management Group LLP now owns 323,863 shares of the company’s stock valued at $41,934,000 after buying an additional 99,316 shares in the last quarter. F M Investments LLC purchased a new stake in shares of Inter Parfums in the second quarter worth $9,328,000. Finally, Barclays PLC increased its holdings in Inter Parfums by 293.0% in the 3rd quarter. Barclays PLC now owns 34,689 shares of the company’s stock worth $4,492,000 after buying an additional 25,862 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on IPAR shares. DA Davidson reaffirmed a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a report on Tuesday, December 3rd. BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Monday, November 11th. Finally, Piper Sandler upped their target price on Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Inter Parfums presently has a consensus rating of “Moderate Buy” and an average price target of $159.75.

Inter Parfums Trading Up 0.8 %

IPAR stock opened at $137.30 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. The company has a market capitalization of $4.40 billion, a PE ratio of 29.23 and a beta of 1.20. The company’s 50 day moving average price is $128.54 and its two-hundred day moving average price is $124.88. Inter Parfums has a one year low of $108.39 and a one year high of $156.75.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $425.00 million. During the same quarter in the previous year, the company posted $1.66 earnings per share. The business’s revenue was up 15.5% on a year-over-year basis. As a group, analysts predict that Inter Parfums will post 5.15 earnings per share for the current fiscal year.

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.