Barclays PLC Boosts Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Barclays PLC raised its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 293.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,689 shares of the company’s stock after purchasing an additional 25,862 shares during the period. Barclays PLC owned 0.11% of Inter Parfums worth $4,492,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Inter Parfums by 5,393.6% during the third quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock valued at $47,075,000 after buying an additional 356,949 shares during the period. American Century Companies Inc. boosted its position 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 valued at $36,846,000 after acquiring an additional 106,044 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Inter Parfums by 44.2% during the 3rd quarter. Wellington Management Group LLP now owns 323,863 shares of the company’s stock valued at $41,934,000 after acquiring an additional 99,316 shares during the last quarter. F M Investments LLC purchased a new position in shares of Inter Parfums during the second quarter worth about $9,328,000. Finally, Squarepoint Ops LLC increased its position in shares of Inter Parfums by 541.7% in the second quarter. Squarepoint Ops LLC now owns 29,056 shares of the company’s stock worth $3,371,000 after purchasing an additional 24,528 shares during the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 43.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Monday, November 11th. DA Davidson reissued a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research note on Wednesday. Finally, Piper Sandler raised their price target on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $159.75.

Inter Parfums Price Performance

IPAR stock opened at $127.77 on Friday. The firm has a market cap of $4.09 billion, a P/E ratio of 27.42 and a beta of 1.20. The firm’s fifty day moving average is $129.13 and its 200 day moving average is $125.11. Inter Parfums, Inc. has a 52 week low of $108.39 and a 52 week high of $156.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82.

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 return on equity of 16.34% and a net margin of 10.60%. The firm had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. During the same period last year, the firm earned $1.66 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. Research analysts predict that Inter Parfums, Inc. will post 5.15 earnings per share 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.