Eagle Asset Management Inc. Sells 14,733 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Eagle Asset Management Inc. trimmed its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,359 shares of the company’s stock after selling 14,733 shares during the quarter. Eagle Asset Management Inc. owned about 0.57% of Inter Parfums worth $23,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Inter Parfums by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 190,331 shares of the company’s stock valued at $24,644,000 after purchasing an additional 1,129 shares in the last quarter. Intech Investment Management LLC increased its stake in Inter Parfums by 125.3% during the 3rd quarter. Intech Investment Management LLC now owns 7,479 shares of the company’s stock valued at $968,000 after purchasing an additional 4,160 shares in the last quarter. Aurora Investment Counsel increased its stake in Inter Parfums by 0.8% during the 3rd quarter. Aurora Investment Counsel now owns 19,457 shares of the company’s stock valued at $2,519,000 after purchasing an additional 146 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Inter Parfums by 20.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 44,190 shares of the company’s stock valued at $5,722,000 after purchasing an additional 7,654 shares in the last quarter. Finally, Royce & Associates LP increased its stake in Inter Parfums by 0.7% during the 3rd quarter. Royce & Associates LP now owns 595,175 shares of the company’s stock valued at $77,063,000 after purchasing an additional 4,345 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Inter Parfums Stock Performance

Shares of IPAR stock opened at $134.07 on Friday. The company has a 50 day moving average price of $123.59 and a 200-day moving average price of $122.84. Inter Parfums, Inc. has a 52 week low of $108.39 and a 52 week high of $156.75. The firm has a market capitalization of $4.29 billion, a PE ratio of 28.77 and a beta of 1.16. 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) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The company had revenue of $425.00 million for the quarter, compared to the consensus estimate of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.66 earnings per share. As a group, equities research analysts expect that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on IPAR shares. DA Davidson restated a “buy” rating and set a $163.00 price objective on shares of Inter Parfums in a research note on Tuesday, November 12th. Piper Sandler reduced their price target on shares of Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, November 13th. BWS Financial reiterated a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $157.50.

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.