UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,776 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 14.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,392 shares of the company’s stock after selling 4,776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.09% of Inter Parfums worth $3,547,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Inter Parfums by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company’s stock valued at $85,384,000 after acquiring an additional 4,862 shares during the period. Royce & Associates LP increased its holdings in Inter Parfums by 0.7% in the 3rd quarter. Royce & Associates LP now owns 595,175 shares of the company’s stock worth $77,063,000 after purchasing an additional 4,345 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Inter Parfums by 5,393.6% in the 3rd quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock worth $47,075,000 after purchasing an additional 356,949 shares in the last quarter. American Century Companies Inc. increased its holdings in 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 purchasing an additional 106,044 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in shares of Inter Parfums by 0.4% during the 2nd quarter. Bahl & Gaynor Inc. now owns 253,443 shares of the company’s stock valued at $29,407,000 after purchasing an additional 1,023 shares in the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Inter Parfums Stock Performance

IPAR stock opened at $137.55 on Friday. The company has a market capitalization of $4.41 billion, a P/E ratio of 29.52 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 has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The business has a 50-day moving average price of $128.02 and a 200 day moving average price of $124.57.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $425.00 million. During the same period in the prior year, the firm earned $1.66 EPS. The firm’s revenue was up 15.5% on a year-over-year basis. As a group, equities research analysts forecast that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction on 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 accessible through this link. 43.90% of the stock is currently owned by corporate 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.