24,030 Shares in Inter Parfums, Inc. (NASDAQ:IPAR) Bought by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC purchased a new stake in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 24,030 shares of the company's stock, valued at approximately $3,111,000. Hotchkis & Wiley Capital Management LLC owned 0.08% of Inter Parfums as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new position in shares of Inter Parfums in the first quarter valued at approximately $295,000. CWM LLC grew its holdings in shares of Inter Parfums by 44.4% during the second quarter. CWM LLC now owns 286 shares of the company's stock worth $33,000 after buying an additional 88 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Inter Parfums in the second quarter valued at about $1,006,000. PineStone Asset Management Inc. lifted its stake in shares of Inter Parfums by 19.1% in the second quarter. PineStone Asset Management Inc. now owns 93,384 shares of the company's stock worth $10,835,000 after buying an additional 14,984 shares in the last quarter. Finally, AlphaMark Advisors LLC acquired a new position in Inter Parfums during the second quarter worth about $308,000. Hedge funds and other institutional investors own 55.57% of the company's stock.

Inter Parfums Trading Down 0.3 %

Inter Parfums stock traded down $0.40 during mid-day trading on Friday, hitting $136.46. The company's stock had a trading volume of 99,412 shares, compared to its average volume of 155,174. Inter Parfums, Inc. has a 1 year low of $108.39 and a 1 year high of $156.75. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $4.37 billion, a PE ratio of 29.28 and a beta of 1.20. The stock's fifty day moving average is $127.17 and its two-hundred day moving average is $124.07.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $425.00 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company's revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.66 EPS. On average, analysts anticipate that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Analysts Set New Price Targets

IPAR has been the topic of a number of research reports. BWS Financial reissued a "buy" rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Monday, November 11th. DA Davidson reissued a "buy" rating and set a $163.00 price objective on shares of Inter Parfums in a research note on Tuesday. Finally, Piper Sandler raised their target price on Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $159.75.

Insider Activity

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm's 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 43.90% of the company's stock.

Inter Parfums Company 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.