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

HighTower Advisors LLC boosted its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 15.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,966 shares of the company’s stock after purchasing an additional 403 shares during the period. HighTower Advisors LLC’s holdings in Inter Parfums were worth $384,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IPAR. Victory Capital Management Inc. lifted its position in shares of Inter Parfums by 5,393.6% in the third 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 in the last quarter. American Century Companies Inc. boosted its holdings in shares of Inter Parfums by 50.1% during the 2nd quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock worth $36,846,000 after buying an additional 106,044 shares during the period. F M Investments LLC acquired a new stake in shares of Inter Parfums in the second quarter valued at about $9,328,000. Squarepoint Ops LLC lifted its holdings in shares of 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 buying an additional 24,528 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in Inter Parfums by 32.4% in the 3rd quarter. Annex Advisory Services LLC now owns 86,736 shares of the company’s stock valued at $11,231,000 after purchasing an additional 21,211 shares during the period. 55.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on IPAR shares. DA Davidson restated a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a research note on Wednesday, December 18th. Piper Sandler boosted their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, BWS Financial reiterated a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Inter Parfums presently has a consensus rating of “Moderate Buy” and an average target price of $159.75.

Inter Parfums Trading Down 2.0 %

Shares of IPAR stock opened at $127.77 on Monday. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average price of $129.13 and a two-hundred day moving average price of $125.14. Inter Parfums, Inc. has a 12-month low of $108.39 and a 12-month high of $156.75. The company has a market capitalization of $4.09 billion, a PE ratio of 27.42 and a beta of 1.20.

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

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 on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 43.90% of the stock is owned by insiders.

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.