Loomis Sayles & Co. L P Has $41.19 Million Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Loomis Sayles & Co. L P decreased its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 318,142 shares of the company's stock after selling 7,364 shares during the period. Loomis Sayles & Co. L P owned about 0.99% of Inter Parfums worth $41,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Inter Parfums by 1.5% in the first quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company's stock worth $288,718,000 after purchasing an additional 30,316 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Inter Parfums by 0.7% in 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 last quarter. Royce & Associates LP increased its holdings in shares of Inter Parfums by 0.7% in the third quarter. Royce & Associates LP now owns 595,175 shares of the company's stock valued at $77,063,000 after purchasing an additional 4,345 shares in the last quarter. Victory Capital Management Inc. boosted its position in Inter Parfums by 5,393.6% in the 3rd quarter. Victory Capital Management Inc. now owns 363,567 shares of the company's stock valued at $47,075,000 after buying an additional 356,949 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of 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 during the period. 55.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Inter Parfums Stock Down 0.7 %

IPAR stock traded down $0.91 during mid-day trading on Tuesday, hitting $137.48. 152,262 shares of the company were exchanged, compared to its average volume of 145,369. The firm has a market cap of $4.40 billion, a P/E ratio of 29.38 and a beta of 1.16. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $156.75. 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's 50 day simple moving average is $124.31 and its 200 day simple moving average is $123.09.

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

Insider Buying and Selling

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is accessible through this link. 43.90% of the stock is owned by corporate insiders.

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.