Inter Parfums, Inc. (NASDAQ:IPAR) Stock Position Increased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 20.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,190 shares of the company's stock after acquiring an additional 7,654 shares during the quarter. Segall Bryant & Hamill LLC owned 0.14% of Inter Parfums worth $5,722,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in IPAR. CWM LLC grew its position in shares of Inter Parfums by 44.4% in the 2nd quarter. CWM LLC now owns 286 shares of the company's stock worth $33,000 after acquiring an additional 88 shares in the last quarter. Blue Trust Inc. boosted its position in Inter Parfums by 83.4% during the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company's stock valued at $84,000 after purchasing an additional 296 shares during the period. Mendota Financial Group LLC acquired a new position in Inter Parfums during the 2nd quarter valued at approximately $89,000. Crossmark Global Holdings Inc. acquired a new position in Inter Parfums during the 3rd quarter valued at approximately $209,000. Finally, Choreo LLC acquired a new position in Inter Parfums during the 2nd quarter valued at approximately $213,000. Institutional investors and hedge funds own 55.57% of the company's stock.

Inter Parfums Stock Performance

IPAR stock traded up $3.41 during trading on Friday, reaching $134.07. 169,132 shares of the company's stock were exchanged, compared to its average volume of 145,087. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $156.75. The company's fifty day moving average price is $123.59 and its 200-day moving average price is $122.84. The firm has a market cap of $4.29 billion, a PE ratio of 28.28 and a beta of 1.16.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. DA Davidson restated a "buy" rating and set a $163.00 price objective on shares of Inter Parfums in a research report on Tuesday, November 12th. Piper Sandler reduced their price objective 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. BWS Financial restated a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Monday, November 11th. Finally, StockNews.com upgraded Inter Parfums from a "sell" rating to a "hold" rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Inter Parfums currently has a consensus rating of "Moderate Buy" and a consensus target price 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.