Man Group plc Sells 5,622 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Man Group plc decreased its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 71.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,261 shares of the company's stock after selling 5,622 shares during the quarter. Man Group plc's holdings in Inter Parfums were worth $297,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Coppell Advisory Solutions LLC boosted its position in shares of 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 buying an additional 347 shares during the period. SRH Advisors LLC raised its stake in Inter Parfums by 791.7% during the 4th quarter. SRH Advisors LLC now owns 535 shares of the company's stock valued at $70,000 after acquiring an additional 475 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Inter Parfums by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock worth $105,000 after acquiring an additional 400 shares during the period. Blue Trust Inc. grew 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 purchasing an additional 167 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Inter Parfums by 23.8% during the fourth quarter. Lazard Asset Management LLC now owns 1,263 shares of the company's stock valued at $166,000 after acquiring an additional 243 shares during the period. Institutional investors own 55.57% of the company's stock.

Inter Parfums Stock Up 0.7%

Shares of NASDAQ:IPAR traded up $0.95 during midday trading on Friday, hitting $136.01. 294,697 shares of the stock were exchanged, compared to its average volume of 188,678. The company has a market capitalization of $4.37 billion, a PE ratio of 29.19 and a beta of 1.33. Inter Parfums, Inc. has a 52-week low of $97.65 and a 52-week high of $148.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. The business's fifty day simple moving average is $115.52 and its two-hundred day simple moving average is $127.37.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.19. The firm 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 revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.27 earnings per share. As a group, research analysts predict that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. BWS Financial reiterated a "buy" rating and issued a $172.00 price target on shares of Inter Parfums in a research report on Wednesday, May 7th. 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 research report on Thursday, February 27th. Piper Sandler reiterated an "overweight" rating and set a $138.00 price objective (down from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. Finally, DA Davidson restated a "buy" rating and issued a $170.00 target price on shares of Inter Parfums in a report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Inter Parfums has a consensus rating of "Moderate Buy" and an average price target of $157.60.

Insiders Place Their Bets

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total value of $183,225.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 43.90% of the company's stock.

About Inter Parfums

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.