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

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of Inter Parfums by 5,393.6% during 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 during the last quarter. American Century Companies Inc. lifted its stake in shares of Inter Parfums by 50.1% during the second quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock valued at $36,846,000 after buying an additional 106,044 shares during the period. F M Investments LLC purchased a new position in shares of Inter Parfums during the second quarter valued at approximately $9,328,000. Squarepoint Ops LLC boosted its position in Inter Parfums by 541.7% during the second quarter. Squarepoint Ops LLC now owns 29,056 shares of the company’s stock worth $3,371,000 after acquiring an additional 24,528 shares during the last quarter. Finally, Annex Advisory Services LLC grew its stake in Inter Parfums by 32.4% in the 3rd quarter. Annex Advisory Services LLC now owns 86,736 shares of the company’s stock worth $11,231,000 after acquiring an additional 21,211 shares during the period. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Inter Parfums Trading Up 1.1 %

Shares of IPAR opened at $130.32 on Friday. The stock’s fifty day simple moving average is $128.90 and its 200 day simple moving average is $125.00. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $156.75. 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 market capitalization of $4.17 billion, a P/E ratio of 27.97 and a beta of 1.20.

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

Insider Activity

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 43.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. DA Davidson restated a “buy” rating and set a $163.00 price objective on shares of Inter Parfums in a report on Wednesday. BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Monday, November 11th. Finally, Piper Sandler upped their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $159.75.

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.