Inter Parfums, Inc. (NASDAQ:IPAR) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,822 shares of the company's stock after buying an additional 4,411 shares during the quarter. Janus Henderson Group PLC owned approximately 0.11% of Inter Parfums worth $4,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position 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 acquiring an additional 4,862 shares during the period. Royce & Associates LP increased its stake in shares of Inter Parfums by 0.7% during the third 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 in the last quarter. Victory Capital Management Inc. raised its position in shares of Inter Parfums by 5,393.6% during the 3rd quarter. Victory Capital Management Inc. now owns 363,567 shares of the company's stock worth $47,075,000 after purchasing an additional 356,949 shares during the last quarter. American Century Companies Inc. lifted its stake in Inter Parfums by 50.1% in the 2nd quarter. American Century Companies Inc. now owns 317,556 shares of the company's stock valued at $36,846,000 after buying an additional 106,044 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its holdings in Inter Parfums by 0.4% in the 2nd 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. Hedge funds and other institutional investors own 55.57% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Piper Sandler increased their target price on Inter Parfums from $155.00 to $164.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. BWS Financial reiterated a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research report on Monday, November 11th. Finally, DA Davidson restated a "buy" rating and issued a $163.00 price objective on shares of Inter Parfums in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $159.75.

Insider Transactions at Inter Parfums

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the business'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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 43.90% of the company's stock.

Inter Parfums Price Performance

Shares of IPAR stock traded down $0.28 during trading hours on Wednesday, reaching $138.15. The company had a trading volume of 200,459 shares, compared to its average volume of 144,894. Inter Parfums, Inc. has a 12-month low of $108.39 and a 12-month high of $156.75. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 29.65 and a beta of 1.20. 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 stock has a fifty day moving average of $127.72 and a 200-day moving average of $124.48.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 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 business had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. During the same quarter in the previous year, the firm earned $1.66 EPS. The company's quarterly revenue was up 15.5% compared to the same quarter last year. On average, equities analysts anticipate that Inter Parfums, Inc. will post 5.15 earnings per share for the current 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.