Sanctuary Advisors LLC Takes $259,000 Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Sanctuary Advisors LLC bought a new stake in Inter Parfums, Inc. (NASDAQ:IPAR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,931 shares of the company’s stock, valued at approximately $259,000.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in Inter Parfums by 5,393.6% in the 3rd quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock valued at $47,075,000 after buying an additional 356,949 shares during the last quarter. American Century Companies Inc. boosted its holdings in Inter Parfums by 50.1% in the second 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 during the last quarter. Wellington Management Group LLP grew its stake in Inter Parfums by 44.2% during the 3rd quarter. Wellington Management Group LLP now owns 323,863 shares of the company’s stock valued at $41,934,000 after purchasing an additional 99,316 shares in the last quarter. Barclays PLC increased its holdings in Inter Parfums by 293.0% during the 3rd quarter. Barclays PLC now owns 34,689 shares of the company’s stock worth $4,492,000 after purchasing an additional 25,862 shares during the last quarter. Finally, 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. 55.57% of the stock is owned by institutional investors and hedge funds.

Inter Parfums Stock Performance

Inter Parfums stock opened at $131.06 on Friday. The company has a market cap of $4.20 billion, a PE ratio of 28.12 and a beta of 1.20. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $156.75. The company has a fifty day moving average price of $130.27 and a two-hundred day moving average price of $125.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60.

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

Wall Street Analysts Forecast Growth

IPAR has been the subject of a number of recent analyst reports. BWS Financial reissued a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research report on Monday, November 11th. DA Davidson reissued a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research report on Wednesday, December 18th. Finally, Piper Sandler upped their target price 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $159.75.

Insider Buying and Selling

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through the SEC website. Company 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.