Vanguard Group Inc. Has $291.54 Million Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Vanguard Group Inc. cut its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,024,470 shares of the company’s stock after selling 3,424 shares during the period. Vanguard Group Inc. owned 6.32% of Inter Parfums worth $291,544,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Comerica Bank raised its position in Inter Parfums by 0.7% during the fourth quarter. Comerica Bank now owns 11,360 shares of the company’s stock valued at $1,636,000 after purchasing an additional 83 shares in the last quarter. Nebula Research & Development LLC raised its position in Inter Parfums by 303.0% during the fourth quarter. Nebula Research & Development LLC now owns 8,475 shares of the company’s stock valued at $1,220,000 after purchasing an additional 6,372 shares in the last quarter. Intrinsic Edge Capital Management LLC raised its position in Inter Parfums by 36.5% during the fourth quarter. Intrinsic Edge Capital Management LLC now owns 117,768 shares of the company’s stock valued at $16,960,000 after purchasing an additional 31,518 shares in the last quarter. Personal CFO Solutions LLC raised its position in Inter Parfums by 14.0% during the fourth quarter. Personal CFO Solutions LLC now owns 3,401 shares of the company’s stock valued at $490,000 after purchasing an additional 417 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Inter Parfums by 43.0% during the fourth quarter. First Trust Advisors LP now owns 201,643 shares of the company’s stock valued at $29,039,000 after purchasing an additional 60,606 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Inter Parfums Trading Down 2.1 %

Shares of IPAR stock opened at $116.03 on Friday. The stock has a 50-day moving average of $118.82 and a 200-day moving average of $132.52. The company has a current ratio of 2.75, a quick ratio of 1.43 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 26.74 and a beta of 1.17. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $156.75.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.29). Inter Parfums had a net margin of 10.50% and a return on equity of 15.85%. The firm had revenue of $323.96 million for the quarter, compared to the consensus estimate of $324.00 million. During the same period last year, the company posted $1.68 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on IPAR. DA Davidson restated a “buy” rating and set a $192.00 price objective on shares of Inter Parfums in a research report on Thursday, May 9th. Piper Sandler cut their price objective on Inter Parfums from $176.00 to $172.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. BWS Financial reaffirmed a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a report on Thursday, May 9th. Finally, StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a research note on Saturday, June 8th.

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.