American Century Companies Inc. Acquires 106,044 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

American Century Companies Inc. increased its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 50.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 317,556 shares of the company’s stock after buying an additional 106,044 shares during the quarter. American Century Companies Inc. owned 0.99% of Inter Parfums worth $36,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. UniSuper Management Pty Ltd bought a new position in shares of Inter Parfums in the first quarter worth about $638,000. Annex Advisory Services LLC lifted its stake in Inter Parfums by 26.9% in the 1st quarter. Annex Advisory Services LLC now owns 53,111 shares of the company’s stock valued at $7,463,000 after purchasing an additional 11,259 shares during the last quarter. Bessemer Group Inc. boosted its position in Inter Parfums by 6.0% in the first quarter. Bessemer Group Inc. now owns 85,990 shares of the company’s stock valued at $12,082,000 after buying an additional 4,880 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Inter Parfums during the fourth quarter worth $16,226,000. Finally, Empowered Funds LLC bought a new stake in shares of Inter Parfums during the first quarter worth $1,018,000. 55.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on IPAR shares. StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. DA Davidson reissued a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a report on Friday, September 13th. Piper Sandler reaffirmed an “overweight” rating and set a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. BWS Financial reissued a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Thursday, August 8th. Finally, Jefferies Financial Group raised Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Friday, July 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $156.50.

Inter Parfums Stock Down 1.1 %

Shares of NASDAQ IPAR opened at $117.85 on Wednesday. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $156.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58. The company’s 50 day moving average price is $126.71 and its 200-day moving average price is $125.20. The company has a market capitalization of $3.77 billion, a P/E ratio of 27.15 and a beta of 1.16.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. The business had revenue of $342.00 million for the quarter, compared to analysts’ expectations of $342.00 million. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Equities analysts forecast that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Insider Transactions at Inter Parfums

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 43.90% of the company’s stock.

About Inter Parfums

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.