Inter Parfums, Inc. (NASDAQ:IPAR) Stake Boosted by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 20.9% in the third quarter, Holdings Channel.com reports. The firm owned 44,190 shares of the company’s stock after purchasing an additional 7,654 shares during the period. Segall Bryant & Hamill LLC’s holdings in Inter Parfums were worth $5,722,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its holdings in Inter Parfums by 44.4% in the second quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after purchasing an additional 88 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Inter Parfums by 83.4% during the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after acquiring an additional 296 shares during the last quarter. Mendota Financial Group LLC bought a new position in shares of Inter Parfums in the 2nd quarter valued at approximately $89,000. Crossmark Global Holdings Inc. acquired a new stake in Inter Parfums in the 3rd quarter worth approximately $209,000. Finally, Choreo LLC acquired a new stake in Inter Parfums in the 2nd quarter worth approximately $213,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Inter Parfums Price Performance

NASDAQ:IPAR opened at $130.65 on Friday. The company’s 50-day moving average price is $123.29 and its two-hundred day moving average price is $122.78. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $156.75. The firm has a market cap of $4.18 billion, a PE ratio of 27.95 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 for the quarter, topping the consensus estimate of $1.83 by $0.10. The firm had revenue of $425.00 million during the quarter, compared to analysts’ expectations of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. Inter Parfums’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 EPS. On average, equities analysts anticipate that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. DA Davidson reissued a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Piper Sandler decreased their price target on shares of Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday, November 13th. Finally, BWS Financial reiterated a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.50.

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.