Barclays PLC Purchases 25,862 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Barclays PLC grew its holdings in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 293.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,689 shares of the company's stock after buying an additional 25,862 shares during the period. Barclays PLC owned 0.11% of Inter Parfums worth $4,492,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Inter Parfums by 83.4% during the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company's stock worth $84,000 after acquiring an additional 296 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in Inter Parfums during the 3rd quarter worth about $104,000. Crossmark Global Holdings Inc. acquired a new position in shares of Inter Parfums in the third quarter worth approximately $209,000. Choreo LLC bought a new stake in shares of Inter Parfums in the 2nd quarter valued at $213,000. Finally, Berry Wealth Group LP raised its stake in Inter Parfums by 7.4% during the second quarter. Berry Wealth Group LP now owns 1,850 shares of the company's stock worth $215,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on IPAR. BWS Financial reaffirmed a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research report on Monday, November 11th. Piper Sandler upped their target price on Inter Parfums from $155.00 to $164.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Finally, DA Davidson reaffirmed a "buy" rating and set a $163.00 target price on shares of Inter Parfums in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Inter Parfums presently has an average rating of "Moderate Buy" and a consensus price target of $159.75.

Insider Activity at Inter Parfums

In related 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 document filed with the SEC, which is available at this link. 43.90% of the stock is currently owned by insiders.

Inter Parfums Stock Down 2.0 %

Shares of NASDAQ IPAR traded down $2.55 during trading on Friday, hitting $127.77. 353,676 shares of the company traded hands, compared to its average volume of 145,250. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. The business's fifty day moving average is $129.13 and its 200 day moving average is $125.14. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 27.42 and a beta of 1.20. Inter Parfums, Inc. has a fifty-two week low of $108.39 and a fifty-two week high of $156.75.

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

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.