GW&K Investment Management LLC Decreases Position in Inter Parfums, Inc. (NASDAQ:IPAR)

GW&K Investment Management LLC lowered its stake in Inter Parfums, Inc. (NASDAQ:IPARFree Report) by 4.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 81,839 shares of the company’s stock after selling 3,805 shares during the quarter. GW&K Investment Management LLC’s holdings in Inter Parfums were worth $11,786,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Victory Capital Management Inc. boosted its position in Inter Parfums by 0.7% in the 4th quarter. Victory Capital Management Inc. now owns 11,393 shares of the company’s stock valued at $1,641,000 after buying an additional 81 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Inter Parfums by 0.8% in the third quarter. Teacher Retirement System of Texas now owns 12,809 shares of the company’s stock worth $1,721,000 after acquiring an additional 100 shares in the last quarter. Signaturefd LLC boosted its holdings in Inter Parfums by 87.4% in the fourth quarter. Signaturefd LLC now owns 223 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares during the last quarter. Fifth Third Bancorp grew its stake in Inter Parfums by 4.9% during the 4th quarter. Fifth Third Bancorp now owns 2,567 shares of the company’s stock valued at $370,000 after purchasing an additional 120 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Inter Parfums by 8.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,059 shares of the company’s stock worth $297,000 after purchasing an additional 153 shares during the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Inter Parfums Trading Down 2.3 %

NASDAQ:IPAR opened at $118.27 on Thursday. Inter Parfums, Inc. has a 52 week low of $114.71 and a 52 week high of $156.75. The company has a quick ratio of 1.43, a current ratio of 2.75 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.79 billion, a PE ratio of 27.25 and a beta of 1.19. The business’s 50 day moving average is $127.67 and its two-hundred day moving average is $134.58.

Inter Parfums (NASDAQ:IPARGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.29). The firm had revenue of $323.96 million for the quarter, compared to the consensus estimate of $324.00 million. Inter Parfums had a return on equity of 15.85% and a net margin of 10.50%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.68 earnings per share. On average, analysts predict that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Wall Street Analyst Weigh In

IPAR has been the subject of several research analyst reports. DA Davidson reiterated a “buy” rating and set a $192.00 target price on shares of Inter Parfums in a research note on Thursday, May 9th. Piper Sandler reduced their price objective on shares of Inter Parfums from $176.00 to $172.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Finally, BWS Financial reissued a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a report on Thursday, May 9th.

Get Our Latest Analysis on Inter Parfums

About Inter Parfums

(Free Report)

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.

See Also

Want to see what other hedge funds are holding IPAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Inter Parfums, Inc. (NASDAQ:IPARFree Report).

Institutional Ownership by Quarter for Inter Parfums (NASDAQ:IPAR)

Receive News & Ratings for Inter Parfums Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums and related companies with MarketBeat.com's FREE daily email newsletter.