UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 10,013 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 36.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,405 shares of the company's stock after acquiring an additional 10,013 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of Inter Parfums worth $4,919,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in Inter Parfums by 1.7% during the 4th quarter. Cetera Investment Advisers now owns 5,796 shares of the company's stock worth $762,000 after acquiring an additional 96 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Inter Parfums by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,907 shares of the company's stock worth $251,000 after acquiring an additional 121 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Inter Parfums by 7.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company's stock worth $239,000 after acquiring an additional 124 shares during the last quarter. Sherbrooke Park Advisers LLC lifted its position in Inter Parfums by 6.1% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 2,249 shares of the company's stock worth $296,000 after acquiring an additional 130 shares during the last quarter. Finally, Level Four Advisory Services LLC lifted its position in Inter Parfums by 1.9% during the 4th quarter. Level Four Advisory Services LLC now owns 8,101 shares of the company's stock worth $1,065,000 after acquiring an additional 154 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company's stock.

Insider Activity

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the 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 legal filing with the SEC, which is available through the SEC website. 43.90% of the stock is owned by insiders.

Analyst Ratings Changes

IPAR has been the subject of a number of research analyst reports. BWS Financial reissued a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a research report on Wednesday, May 7th. Canaccord Genuity Group upped their price objective 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. DA Davidson reaffirmed a "buy" rating and set a $170.00 price objective on shares of Inter Parfums in a research report on Tuesday, March 25th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $138.00 price objective (down previously from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Inter Parfums has a consensus rating of "Moderate Buy" and a consensus target price of $157.60.

Inter Parfums Price Performance

Shares of NASDAQ IPAR traded down $0.46 during mid-day trading on Thursday, hitting $136.66. 161,637 shares of the stock were exchanged, compared to its average volume of 188,632. The company has a market cap of $4.39 billion, a P/E ratio of 29.33 and a beta of 1.33. The stock's fifty day simple moving average is $116.57 and its two-hundred day simple moving average is $127.58. 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, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate 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 net margin of 10.60% and a return on equity of 16.34%. The company's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $1.27 earnings per share. As a group, analysts forecast that Inter Parfums, Inc. will post 5.14 EPS for the current fiscal year.

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.