BNP Paribas Financial Markets Lowers Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

BNP Paribas Financial Markets reduced its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 62.8% during the 4th quarter, according to the company in its most recent 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 institutional investors have also made changes to their positions in the company. Coppell Advisory Solutions LLC lifted its stake in Inter Parfums by 210.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock worth $67,000 after purchasing an additional 347 shares during the last quarter. SRH Advisors LLC lifted its stake in shares of Inter Parfums by 791.7% in the 4th quarter. SRH Advisors LLC now owns 535 shares of the company's stock worth $70,000 after acquiring an additional 475 shares during the period. Canada Pension Plan Investment Board boosted its stake in Inter Parfums by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock valued at $105,000 after purchasing an additional 400 shares in the last quarter. Blue Trust Inc. grew its holdings in Inter Parfums by 25.7% during the fourth quarter. Blue Trust Inc. now owns 818 shares of the company's stock worth $106,000 after acquiring an additional 167 shares during the period. Finally, Principal Securities Inc. raised its holdings in shares of Inter Parfums by 15.1% in the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company's stock worth $174,000 after purchasing an additional 174 shares in the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Inter Parfums Stock Performance

Shares of NASDAQ IPAR traded up $1.78 during midday trading on Thursday, hitting $135.06. 319,939 shares of the company's stock were exchanged, compared to its average volume of 187,442. The firm has a market capitalization of $4.34 billion, a PE ratio of 28.98 and a beta of 1.33. The company's 50 day moving average price is $115.17 and its 200 day moving average price is $127.33. Inter Parfums, Inc. has a 12 month low of $97.65 and a 12 month 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.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released 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. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm had revenue of $339.00 million during the quarter, compared to the consensus estimate of $329.21 million. During the same period in the prior year, the company posted $1.27 EPS. The company's revenue was up 4.6% compared to the same quarter last year. As a group, analysts predict that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.