Inter Parfums, Inc. (NASDAQ:IPAR) Stake Reduced by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 318,142 shares of the company’s stock after selling 7,364 shares during the period. Loomis Sayles & Co. L P’s holdings in Inter Parfums were worth $41,193,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IPAR. Vanguard Group Inc. grew its position in Inter Parfums by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company’s stock worth $288,718,000 after purchasing an additional 30,316 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Inter Parfums by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company’s stock valued at $85,384,000 after buying an additional 4,862 shares during the period. Royce & Associates LP lifted its stake in Inter Parfums by 0.7% in the 3rd quarter. Royce & Associates LP now owns 595,175 shares of the company’s stock worth $77,063,000 after acquiring an additional 4,345 shares in the last quarter. Victory Capital Management Inc. boosted its position in Inter Parfums by 5,393.6% during the 3rd quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock worth $47,075,000 after acquiring an additional 356,949 shares during the period. Finally, American Century Companies Inc. grew its stake in Inter Parfums by 50.1% during the 2nd quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock valued at $36,846,000 after acquiring an additional 106,044 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.

Inter Parfums Stock Up 3.2 %

IPAR stock opened at $138.39 on Tuesday. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 29.70 and a beta of 1.16. The company has a 50-day moving average of $123.92 and a two-hundred day moving average of $122.97. 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 0.14, a current ratio of 2.82 and a quick ratio of 1.60.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company had revenue of $425.00 million for the quarter, compared to the consensus estimate of $425.00 million. During the same period in the previous year, the business posted $1.66 EPS. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, equities research analysts anticipate that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.