UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 14.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,392 shares of the company's stock after selling 4,776 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.09% of Inter Parfums worth $3,547,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of IPAR. WCM Investment Management LLC boosted its stake in Inter Parfums by 2.9% during the 3rd quarter. WCM Investment Management LLC now owns 193,660 shares of the company's stock valued at $24,835,000 after purchasing an additional 5,482 shares during the period. Algert Global LLC increased its position in Inter Parfums by 18.6% in the 2nd quarter. Algert Global LLC now owns 70,564 shares of the company's stock valued at $8,188,000 after acquiring an additional 11,089 shares during the period. Fifth Third Bancorp raised its stake in Inter Parfums by 11.8% during the 2nd quarter. Fifth Third Bancorp now owns 3,733 shares of the company's stock valued at $433,000 after acquiring an additional 393 shares in the last quarter. Raymond James & Associates boosted its position in Inter Parfums by 19.9% during the 2nd quarter. Raymond James & Associates now owns 126,189 shares of the company's stock worth $14,642,000 after acquiring an additional 20,985 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Inter Parfums by 0.7% during the second 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 during the period. Institutional investors own 55.57% of the company's stock.
Inter Parfums Price Performance
Shares of NASDAQ IPAR traded down $0.70 during midday trading on Friday, reaching $136.84. The company's stock had a trading volume of 139,475 shares, compared to its average volume of 144,684. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 29.52 and a beta of 1.20. Inter Parfums, Inc. has a one year low of $108.39 and a one year high of $156.75. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $128.02 and a 200 day moving average price of $124.57.
Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. The business had revenue of $425.00 million for the quarter, compared to analysts' expectations of $425.00 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company's quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 EPS. On average, equities research analysts expect that Inter Parfums, Inc. will post 5.15 EPS for the current year.
Analyst Ratings Changes
Several research firms recently weighed in on IPAR. DA Davidson reaffirmed a "buy" rating and issued a $163.00 price objective on shares of Inter Parfums in a report on Tuesday, December 3rd. BWS Financial reiterated a "buy" rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Monday, November 11th. Finally, Piper Sandler boosted their target price on Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $159.75.
Read Our Latest Research Report on IPAR
Insider Activity
In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 43.90% of the company's stock.
About Inter Parfums
(
Free Report)
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.
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