BNP Paribas Financial Markets Decreases Position in Inter Parfums, Inc. (NASDAQ:IPAR)

BNP Paribas Financial Markets cut its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 43.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,690 shares of the company's stock after selling 7,423 shares during the quarter. BNP Paribas Financial Markets' holdings in Inter Parfums were worth $1,255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Inter Parfums by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company's stock worth $85,384,000 after buying an additional 4,862 shares during the last quarter. Royce & Associates LP raised 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 worth $77,063,000 after purchasing an additional 4,345 shares during the period. Victory Capital Management Inc. lifted its stake in Inter Parfums by 5,393.6% in the third quarter. Victory Capital Management Inc. now owns 363,567 shares of the company's stock valued at $47,075,000 after purchasing an additional 356,949 shares during the last quarter. American Century Companies Inc. grew its holdings in 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 purchasing an additional 106,044 shares during the period. Finally, Bahl & Gaynor Inc. increased its position in Inter Parfums by 0.4% in the second quarter. Bahl & Gaynor Inc. now owns 253,443 shares of the company's stock worth $29,407,000 after buying an additional 1,023 shares during the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. 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 price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Finally, DA Davidson reiterated a "buy" rating and issued a $163.00 target price on shares of Inter Parfums in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $159.75.

Insider Activity at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of Inter Parfums 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 43.90% of the stock is owned by corporate insiders.

Inter Parfums Price Performance

IPAR traded up $1.05 during trading on Tuesday, reaching $138.43. 122,372 shares of the company were exchanged, compared to its average volume of 144,661. Inter Parfums, Inc. has a 12-month low of $108.39 and a 12-month high of $156.75. The company's 50-day moving average is $127.47 and its two-hundred day moving average is $124.38. 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 company has a market cap of $4.43 billion, a price-to-earnings ratio of 29.71 and a beta of 1.20.

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

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.