Aurora Investment Counsel Purchases 146 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Aurora Investment Counsel raised its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 0.8% in the third quarter, Holdings Channel reports. The firm owned 19,457 shares of the company’s stock after acquiring an additional 146 shares during the quarter. Inter Parfums accounts for 1.4% of Aurora Investment Counsel’s holdings, making the stock its 13th biggest holding. Aurora Investment Counsel’s holdings in Inter Parfums were worth $2,519,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Inter Parfums by 1.5% in the first 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 during the last quarter. Dimensional Fund Advisors LP raised its position in Inter Parfums by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company’s stock worth $85,384,000 after buying an additional 4,862 shares during the last quarter. Royce & Associates LP raised its position 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 buying an additional 4,345 shares during the last quarter. Victory Capital Management Inc. lifted its stake 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 valued at $47,075,000 after acquiring an additional 356,949 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of 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 during the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Inter Parfums Price Performance

NASDAQ IPAR opened at $127.12 on Thursday. The business’s fifty day moving average is $123.29 and its 200 day moving average is $122.78. Inter Parfums, Inc. has a fifty-two week low of $108.39 and a fifty-two week high of $156.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. The company has a market capitalization of $4.07 billion, a PE ratio of 27.28 and a beta of 1.16.

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, beating analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS. Sell-side analysts predict that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Wall Street Analyst Weigh In

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