BNP Paribas Financial Markets Has $474,000 Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

BNP Paribas Financial Markets decreased its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 62.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,604 shares of the company's stock after selling 6,086 shares during the quarter. BNP Paribas Financial Markets' holdings in Inter Parfums were worth $474,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in shares of Inter Parfums by 7.9% during the fourth quarter. Legal & General Group Plc now owns 53,264 shares of the company's stock valued at $7,005,000 after acquiring an additional 3,911 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Inter Parfums by 36.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,108 shares of the company's stock worth $540,000 after purchasing an additional 1,095 shares during the period. Vanguard Group Inc. lifted its holdings in Inter Parfums by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company's stock worth $269,677,000 after purchasing an additional 20,721 shares during the period. Wells Fargo & Company MN lifted its holdings in Inter Parfums by 3.8% in the fourth quarter. Wells Fargo & Company MN now owns 49,109 shares of the company's stock worth $6,458,000 after purchasing an additional 1,780 shares during the period. Finally, Monument Capital Management acquired a new stake in Inter Parfums in the fourth quarter worth about $362,000. Institutional investors and hedge funds own 55.57% of the company's stock.

Inter Parfums Stock Down 1.2%

Shares of IPAR traded down $1.56 during trading hours on Wednesday, reaching $131.78. The company's stock had a trading volume of 122,099 shares, compared to its average volume of 185,928. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 28.33 and a beta of 1.33. Inter Parfums, Inc. has a 1-year low of $97.65 and a 1-year high of $148.15. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average of $114.60 and a two-hundred day moving average of $127.24.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.19. The company had revenue of $339.00 million for the quarter, compared to the consensus estimate 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 prior year, the company earned $1.27 EPS. As a group, research analysts predict that Inter Parfums, Inc. will post 5.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IPAR shares. Piper Sandler reaffirmed an "overweight" rating and issued a $138.00 price objective (down previously from $169.00) on shares of Inter Parfums in a report on Thursday, April 24th. DA Davidson reissued a "buy" rating and issued a $170.00 price target on shares of Inter Parfums in a report on Tuesday, March 25th. BWS Financial reissued a "buy" rating and issued a $172.00 price target on shares of Inter Parfums in a report on Wednesday, May 7th. Finally, Canaccord Genuity Group upped their price target on shares of Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Inter Parfums has a consensus rating of "Moderate Buy" and an average target price of $157.60.

Insider Buying and Selling

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total transaction of $183,225.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 43.90% of the stock is currently owned by corporate insiders.

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.