Advisors Asset Management Inc. Has $1.20 Million Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Advisors Asset Management Inc. lowered its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 35.1% in the third quarter, Holdings Channel reports. The firm owned 9,284 shares of the company’s stock after selling 5,022 shares during the period. Advisors Asset Management Inc.’s holdings in Inter Parfums were worth $1,202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IPAR. Segall Bryant & Hamill LLC lifted its stake in shares of Inter Parfums by 20.9% in the third quarter. Segall Bryant & Hamill LLC now owns 44,190 shares of the company’s stock worth $5,722,000 after buying an additional 7,654 shares during the last quarter. Royce & Associates LP lifted its position in Inter Parfums by 0.7% during the 3rd quarter. Royce & Associates LP now owns 595,175 shares of the company’s stock worth $77,063,000 after acquiring an additional 4,345 shares during the last quarter. Black Swift Group LLC bought a new stake in Inter Parfums during the third quarter valued at about $647,000. KBC Group NV grew its position in shares of Inter Parfums by 3.0% in the third quarter. KBC Group NV now owns 4,313 shares of the company’s stock valued at $558,000 after purchasing an additional 126 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Inter Parfums by 5,393.6% in the third 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 period. Institutional investors and hedge funds own 55.57% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on IPAR shares. Piper Sandler decreased their target price on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, November 13th. BWS Financial restated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Monday, November 11th. DA Davidson reiterated a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a research note on Tuesday, November 12th. Finally, StockNews.com raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Inter Parfums currently has a consensus rating of “Moderate Buy” and an average price target of $157.50.

Inter Parfums Stock Performance

Shares of NASDAQ IPAR opened at $138.39 on Tuesday. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 29.73 and a beta of 1.16. Inter Parfums, Inc. has a one year low of $108.39 and a one year high of $156.75. The business has a fifty day simple moving average of $123.92 and a 200 day simple moving average of $122.97. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company posted $1.66 EPS. The business’s revenue was up 15.5% on a year-over-year basis. Sell-side analysts expect that Inter Parfums, Inc. will post 5.15 EPS for the current year.

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.