Horizon Kinetics Asset Management LLC Has $19.66 Million Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Horizon Kinetics Asset Management LLC lessened its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 151,815 shares of the company's stock after selling 3,999 shares during the quarter. Horizon Kinetics Asset Management LLC owned approximately 0.47% of Inter Parfums worth $19,657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in shares of Inter Parfums by 306.7% in the second quarter. Harbor Capital Advisors Inc. now owns 5,478 shares of the company's stock valued at $636,000 after purchasing an additional 4,131 shares during the period. Janus Henderson Group PLC boosted its holdings in Inter Parfums by 119.7% in the first quarter. Janus Henderson Group PLC now owns 19,953 shares of the company's stock valued at $2,804,000 after purchasing an additional 10,870 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Inter Parfums during the 1st quarter valued at $601,000. WCM Investment Management LLC grew its position in shares of Inter Parfums by 2.9% in the 3rd quarter. WCM Investment Management LLC now owns 193,660 shares of the company's stock worth $24,835,000 after acquiring an additional 5,482 shares in the last quarter. Finally, Algert Global LLC boosted its holdings in shares of Inter Parfums by 18.6% in the 2nd quarter. Algert Global LLC now owns 70,564 shares of the company's stock valued at $8,188,000 after buying an additional 11,089 shares during the period. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IPAR shares. StockNews.com raised Inter Parfums from a "sell" rating to a "hold" rating in a report on Wednesday, August 7th. DA Davidson reaffirmed a "buy" rating and issued a $163.00 target price on shares of Inter Parfums in a research report on Tuesday, November 12th. Piper Sandler dropped their price objective on shares of Inter Parfums from $158.00 to $155.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 13th. Finally, BWS Financial reaffirmed a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $157.50.

Inter Parfums Price Performance

Shares of IPAR stock traded up $4.32 during trading hours on Monday, hitting $138.39. The company had a trading volume of 202,430 shares, compared to its average volume of 145,339. 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 firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 29.73 and a beta of 1.16. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $156.75. The firm's fifty day moving average is $123.92 and its 200 day moving average is $122.97.

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