Principal Financial Group Inc. Has $11.01 Million Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Principal Financial Group Inc. trimmed its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 9.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,991 shares of the company's stock after selling 8,626 shares during the quarter. Principal Financial Group Inc. owned about 0.27% of Inter Parfums worth $11,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. UniSuper Management Pty Ltd acquired a new position in Inter Parfums during the first quarter worth about $638,000. Bessemer Group Inc. raised its holdings in shares of Inter Parfums by 6.0% in the 1st quarter. Bessemer Group Inc. now owns 85,990 shares of the company's stock worth $12,082,000 after purchasing an additional 4,880 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Inter Parfums by 306.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,478 shares of the company's stock worth $636,000 after purchasing an additional 4,131 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Inter Parfums by 119.7% during 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. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Inter Parfums during the first quarter worth approximately $601,000. 55.57% of the stock is owned by institutional investors and hedge funds.

Inter Parfums Stock Up 0.2 %

Shares of IPAR traded up $0.25 during mid-day trading on Monday, reaching $124.90. The company's stock had a trading volume of 80,306 shares, compared to its average volume of 145,525. Inter Parfums, Inc. has a 1 year low of $108.39 and a 1 year high of $156.75. 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 $4.00 billion, a price-to-earnings ratio of 26.80 and a beta of 1.16. The business has a fifty day moving average of $122.71 and a 200 day moving average of $122.67.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IPAR shares. DA Davidson reiterated a "buy" rating and set a $163.00 price objective on shares of Inter Parfums in a research report on Tuesday, November 12th. BWS Financial reaffirmed a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a research report on Monday, November 11th. Piper Sandler decreased their price target on Inter Parfums from $158.00 to $155.00 and set an "overweight" rating for the company in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded Inter Parfums from a "sell" rating to a "hold" rating in a report on Wednesday, August 7th. 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, Inter Parfums presently has an average rating of "Moderate Buy" and an average price target of $157.50.

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.