Charles Schwab Investment Management Inc. Increases Stake in Inter Parfums, Inc. (NASDAQ:IPAR)

Charles Schwab Investment Management Inc. grew its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 190,331 shares of the company’s stock after buying an additional 1,129 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.59% of Inter Parfums worth $24,644,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Intech Investment Management LLC raised its position in Inter Parfums by 125.3% during the 3rd quarter. Intech Investment Management LLC now owns 7,479 shares of the company’s stock worth $968,000 after buying an additional 4,160 shares during the last quarter. Aurora Investment Counsel increased its holdings in shares of Inter Parfums by 0.8% in the 3rd quarter. Aurora Investment Counsel now owns 19,457 shares of the company’s stock valued at $2,519,000 after purchasing an additional 146 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Inter Parfums by 20.9% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 44,190 shares of the company’s stock valued at $5,722,000 after purchasing an additional 7,654 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Inter Parfums by 0.7% in the 3rd quarter. Royce & Associates LP now owns 595,175 shares of the company’s stock valued at $77,063,000 after purchasing an additional 4,345 shares in the last quarter. Finally, Black Swift Group LLC purchased a new position in shares of Inter Parfums in the 3rd quarter valued at about $647,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Inter Parfums Stock Performance

NASDAQ:IPAR opened at $136.86 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 firm has a 50-day moving average price of $127.00 and a two-hundred day moving average price of $123.93. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $156.75. The company has a market capitalization of $4.38 billion, a P/E ratio of 29.37 and a beta of 1.20.

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

Insiders Place Their Bets

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 shares were sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 43.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday. BWS Financial reiterated a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Monday, November 11th. Finally, DA Davidson reiterated a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a report on Tuesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.75.

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.