BNP PARIBAS ASSET MANAGEMENT Holding S.A. Takes $296,000 Position in Inter Parfums, Inc. (NASDAQ:IPAR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Inter Parfums, Inc. (NASDAQ:IPAR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,555 shares of the company’s stock, valued at approximately $296,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Securities Inc. bought a new stake in Inter Parfums in the 4th quarter worth $30,000. Whittier Trust Co. bought a new position in Inter Parfums during the 1st quarter valued at approximately $31,000. Johnson Financial Group Inc. purchased a new stake in Inter Parfums in the 4th quarter worth approximately $33,000. CWM LLC grew its position in shares of Inter Parfums by 44.4% in the 2nd quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after buying an additional 88 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its stake in shares of Inter Parfums by 84.0% during the first quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after buying an additional 121 shares during the period. 55.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IPAR has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $192.00 price target on shares of Inter Parfums in a report on Wednesday, August 7th. Piper Sandler reissued an “overweight” rating and issued a $151.00 target price (up previously from $150.00) on shares of Inter Parfums in a research report on Tuesday, July 23rd. BWS Financial restated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Thursday, August 8th. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group raised Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Friday, July 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.75.

Inter Parfums Stock Down 2.6 %

Shares of Inter Parfums stock opened at $125.54 on Wednesday. The company has a 50-day simple moving average of $126.15 and a two-hundred day simple moving average of $127.46. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $156.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58. The stock has a market capitalization of $4.02 billion, a PE ratio of 28.93 and a beta of 1.18.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The company had revenue of $342.00 million during the quarter, compared to analyst estimates of $342.00 million. During the same period in the previous year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts anticipate that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Insider Activity

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 43.90% of the stock is owned by corporate insiders.

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.