Is Buying All-time Stock Like Inter Parfums, Inc. (IPAR) a Winning Strategy?

March 14, 2018 - By Peter Erickson

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.32, from 1.06 in 2017Q2. It improved, as 12 investors sold Inter Parfums, Inc. shares while 35 reduced holdings. 18 funds opened positions while 47 raised stakes. 16.85 million shares or 0.21% less from 16.89 million shares in 2017Q2 were reported.
Smithfield Tru Communications holds 0.01% or 1,688 shares. New Amsterdam Limited Liability Corporation holds 0.61% or 70,335 shares in its portfolio. Legal General Group Incorporated Public Ltd Company has 31,292 shares. Alliancebernstein Lp holds 0% or 16,227 shares. Horizon Kinetics Lc invested in 210,211 shares or 0.25% of the stock. Ameritas Inv Prns Inc reported 0% of its portfolio in Inter Parfums, Inc. (NASDAQ:IPAR). Rhumbline Advisers accumulated 46,837 shares. 369 were reported by Mufg Americas Hldg Corp. Fmr Llc stated it has 519,000 shares. Gsa Cap Prtn Llp accumulated 7,087 shares. Pinebridge Investments Lp accumulated 23,846 shares. Tower Capital Llc (Trc) accumulated 1,901 shares or 0.01% of the stock. Texas Permanent School Fund reported 12,516 shares. Arizona State Retirement System holds 8,909 shares or 0% of its portfolio. Clearbridge Ltd Llc has 0.21% invested in Inter Parfums, Inc. (NASDAQ:IPAR) for 231,328 shares.

Since October 2, 2017, it had 0 buys, and 8 sales for $2.04 million activity. BENACIN PHILIPPE sold $835,520 worth of stock. 750 shares were sold by Choel Patrick, worth $31,191 on Monday, October 2. The insider BENSOUSSAN TORRES ROBERT sold 6,000 shares worth $252,556. MADAR JEAN sold $360,785 worth of stock. GREENBERG RUSSELL had sold 2,405 shares worth $115,440. GARCIA PELAYO FREDERIC sold $54,120 worth of stock or 1,200 shares.

The stock of Inter Parfums, Inc. (NASDAQ:IPAR) reached all time high today, Mar, 14 and still has $48.18 target or 3.00 % above today’s $46.78 share price. This indicates more upside for the $1.46 billion company. This technical setup was reported by If the $48.18 PT is reached, the company will be worth $43.77M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.48% or $0.22 during the last trading session, reaching $46.78. About 113,949 shares traded. Inter Parfums, Inc. (NASDAQ:IPAR) has risen 22.23% since March 14, 2017 and is uptrending. It has outperformed by 5.53% the S&P500.

Inter Parfums, Inc. (NASDAQ:IPAR) Ratings Coverage

Among 7 analysts covering Inter Parfums (NASDAQ:IPAR), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Inter Parfums had 21 analyst reports since August 5, 2015 according to SRatingsIntel. As per Friday, December 4, the company rating was initiated by KeyBanc Capital Markets. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Tuesday, January 23 report. Sidoti downgraded the stock to “Neutral” rating in Thursday, November 2 report. Citigroup downgraded the shares of IPAR in report on Monday, January 22 to “Neutral” rating. The firm earned “Neutral” rating on Wednesday, November 15 by DA Davidson. B. Riley & Co downgraded the shares of IPAR in report on Tuesday, April 19 to “Neutral” rating. The rating was maintained by Citigroup with “Buy” on Monday, May 16. KeyBanc Capital Markets maintained Inter Parfums, Inc. (NASDAQ:IPAR) on Monday, October 16 with “Buy” rating. The company was maintained on Tuesday, September 12 by KeyBanc Capital Markets. The company was upgraded on Tuesday, June 28 by Sidoti.

More recent Inter Parfums, Inc. (NASDAQ:IPAR) news were published by: which released: “Inter Parfums, Inc. Reports 2017 Fourth Quarter and Year End Results” on March 13, 2018. Also published the news titled: “Inter Parfums, Inc. Provides Initial 2018 Guidance” on November 13, 2017.‘s news article titled: “Inter Parfums, Inc. Schedules 2017 Fourth Quarter Release for Tuesday, March 13” with publication date: March 05, 2018 was also an interesting one.

Inter Parfums, Inc., together with its subsidiaries, makes, markets, and distributes a range of fragrances and fragrance related products. The company has market cap of $1.46 billion. The firm operates in two divisions, European Based Operations and United States Based Operations. It has a 35.17 P/E ratio. It offers its fragrance and cosmetic products under the Balmain, Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, S.T.

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