Deutsche Bank AG raised its position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 41.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,337 shares of the company's stock after acquiring an additional 5,712 shares during the quarter. Deutsche Bank AG owned 0.06% of Inter Parfums worth $2,543,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. Barclays PLC increased its stake in Inter Parfums by 293.0% during the 3rd quarter. Barclays PLC now owns 34,689 shares of the company's stock worth $4,492,000 after buying an additional 25,862 shares during the period. Park Avenue Securities LLC grew its stake in shares of Inter Parfums by 12.8% during the fourth quarter. Park Avenue Securities LLC now owns 2,872 shares of the company's stock valued at $378,000 after acquiring an additional 326 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Inter Parfums by 282.6% during the fourth quarter. SG Americas Securities LLC now owns 7,506 shares of the company's stock worth $987,000 after acquiring an additional 5,544 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Inter Parfums by 25.7% in the fourth quarter. Blue Trust Inc. now owns 818 shares of the company's stock worth $106,000 after acquiring an additional 167 shares in the last quarter. Finally, OLD National Bancorp IN boosted its holdings in Inter Parfums by 2.5% in the fourth quarter. OLD National Bancorp IN now owns 10,087 shares of the company's stock valued at $1,327,000 after purchasing an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company's stock.
Insider Buying and Selling at Inter Parfums
In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total transaction of $183,225.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 43.90% of the company's stock.
Inter Parfums Stock Performance
Shares of NASDAQ IPAR traded up $3.34 during midday trading on Tuesday, hitting $133.34. 190,433 shares of the company's stock were exchanged, compared to its average volume of 186,145. Inter Parfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The firm has a market cap of $4.28 billion, a P/E ratio of 28.61 and a beta of 1.33. The stock's 50 day moving average price is $114.60 and its 200-day moving average price is $127.24. 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 announced its quarterly earnings results on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.19. The company had revenue of $339.00 million during the quarter, compared to analyst estimates of $329.21 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 EPS. Equities research analysts anticipate that Inter Parfums, Inc. will post 5.14 EPS for the current year.
Analysts Set New Price Targets
IPAR has been the topic of several analyst reports. DA Davidson restated a "buy" rating and set a $170.00 price objective on shares of Inter Parfums in a report on Tuesday, March 25th. BWS Financial reaffirmed a "buy" rating and issued a $172.00 price target on shares of Inter Parfums in a report on Wednesday, May 7th. Canaccord Genuity Group raised their price objective on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Piper Sandler reissued an "overweight" rating and issued a $138.00 target price (down previously from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.60.
Check Out Our Latest Research Report on IPAR
Inter Parfums Company Profile
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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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