Stifel Financial Corp Cuts Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Stifel Financial Corp lessened its holdings in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 41.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,359 shares of the company's stock after selling 15,239 shares during the quarter. Stifel Financial Corp owned 0.07% of Inter Parfums worth $2,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of Inter Parfums by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company's stock valued at $85,384,000 after purchasing an additional 4,862 shares in the last quarter. Royce & Associates LP increased its holdings in 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 buying an additional 4,345 shares in the last quarter. Victory Capital Management Inc. lifted 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 valued at $47,075,000 after acquiring an additional 356,949 shares during the period. American Century Companies Inc. boosted its stake in shares of Inter Parfums by 50.1% during the 2nd quarter. American Century Companies Inc. now owns 317,556 shares of the company's stock worth $36,846,000 after acquiring an additional 106,044 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in shares of 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 acquiring an additional 1,023 shares during the period. Institutional investors and hedge funds own 55.57% of the company's stock.

Insider Buying and Selling

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 43.90% of the stock is owned by company insiders.

Inter Parfums Price Performance

NASDAQ:IPAR traded up $1.39 during trading hours on Thursday, reaching $130.32. 109,610 shares of the company traded hands, compared to its average volume of 144,399. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $156.75. The stock has a market cap of $4.17 billion, a P/E ratio of 27.97 and a beta of 1.20. The firm's 50-day moving average is $128.90 and its 200-day moving average is $125.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60.

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, beating 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 business had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. During the same quarter last year, the company earned $1.66 earnings per share. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. Equities research analysts expect that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. DA Davidson reiterated a "buy" rating and set a $163.00 target price on shares of Inter Parfums in a research report on Wednesday. Piper Sandler lifted their price target on Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Finally, BWS Financial reissued a "buy" rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Monday, November 11th. 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, the company currently has an average rating of "Moderate Buy" and an average price target of $159.75.

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.