Inter Parfums, Inc. (NASDAQ:IPAR) Shares Purchased by Fmr LLC

Fmr LLC raised its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 13.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,365 shares of the company’s stock after buying an additional 395 shares during the period. Fmr LLC’s holdings in Inter Parfums were worth $436,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Victory Capital Management Inc. lifted its stake in shares of 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 acquiring an additional 356,949 shares in the last quarter. American Century Companies Inc. grew its stake in Inter Parfums by 50.1% during the 2nd quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock valued at $36,846,000 after purchasing an additional 106,044 shares in the last quarter. F M Investments LLC purchased a new stake in Inter Parfums during the 2nd quarter worth approximately $9,328,000. Squarepoint Ops LLC raised its position in shares of Inter Parfums by 541.7% in the 2nd quarter. Squarepoint Ops LLC now owns 29,056 shares of the company’s stock valued at $3,371,000 after purchasing an additional 24,528 shares in the last quarter. Finally, Annex Advisory Services LLC raised its position in shares of Inter Parfums by 32.4% in the 3rd quarter. Annex Advisory Services LLC now owns 86,736 shares of the company’s stock valued at $11,231,000 after purchasing an additional 21,211 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IPAR has been the subject of a number of recent analyst reports. Piper Sandler raised their price target on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. DA Davidson reissued a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research report on Wednesday. Finally, BWS Financial restated a “buy” rating and issued a $172.00 target price 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 stock. Based on data from MarketBeat.com, Inter Parfums presently has an average rating of “Moderate Buy” and an average price target of $159.75.

Inter Parfums Price Performance

Shares of NASDAQ IPAR opened at $130.32 on Friday. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 27.97 and a beta of 1.20. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $156.75. The business has a 50 day simple moving average of $128.90 and a 200-day simple moving average of $125.00.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 earnings per share. As a group, equities research analysts expect that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Insider Activity at Inter Parfums

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 the SEC website. Insiders own 43.90% of the company’s stock.

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.