KBC Group NV Boosts Position in Inter Parfums, Inc. (NASDAQ:IPAR)

KBC Group NV increased its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 3.0% in the third quarter, HoldingsChannel.com reports. The fund owned 4,313 shares of the company’s stock after acquiring an additional 126 shares during the period. KBC Group NV’s holdings in Inter Parfums were worth $558,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. CWM LLC lifted 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 purchasing an additional 88 shares during the period. Blue Trust Inc. lifted its holdings in Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after buying an additional 296 shares during the period. Mendota Financial Group LLC purchased a new position in shares of Inter Parfums during the 2nd quarter worth approximately $89,000. Crossmark Global Holdings Inc. bought a new position in shares of Inter Parfums in the 3rd quarter worth approximately $209,000. Finally, Choreo LLC purchased a new position in shares of Inter Parfums in the 2nd quarter valued at approximately $213,000. Institutional investors own 55.57% of the company’s stock.

Analysts Set New Price Targets

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

Inter Parfums Price Performance

Shares of NASDAQ:IPAR opened at $124.90 on Tuesday. The business has a fifty day moving average price of $122.71 and a 200-day moving average price of $122.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The company has a market capitalization of $4.00 billion, a PE ratio of 26.80 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.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The business had revenue of $425.00 million during the quarter, compared to analyst estimates of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. Inter Parfums’s revenue was up 15.5% compared to the same quarter last year. During the same period last year, the business earned $1.66 EPS. As a group, equities analysts expect that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

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.