Horizon Kinetics Asset Management LLC Sells 3,999 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Horizon Kinetics Asset Management LLC lowered its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,815 shares of the company’s stock after selling 3,999 shares during the quarter. Horizon Kinetics Asset Management LLC owned approximately 0.47% of Inter Parfums worth $19,657,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position 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. O Shaughnessy Asset Management LLC raised its position in shares of Inter Parfums by 43.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,883 shares of the company’s stock valued at $405,000 after buying an additional 878 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Inter Parfums by 6.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,460 shares of the company’s stock worth $2,591,000 after acquiring an additional 1,091 shares during the last quarter. Janus Henderson Group PLC grew its position in Inter Parfums by 119.7% in the first quarter. Janus Henderson Group PLC now owns 19,953 shares of the company’s stock worth $2,804,000 after acquiring an additional 10,870 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in Inter Parfums in the first quarter valued at $601,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

Inter Parfums Stock Performance

Shares of IPAR stock opened at $136.36 on Monday. The company has a market capitalization of $4.37 billion, a P/E ratio of 28.77 and a beta of 1.16. 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 stock has a 50 day moving average price of $123.92 and a two-hundred day moving average price of $122.97.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The business had revenue of $425.00 million during the quarter, compared to analysts’ expectations of $425.00 million. During the same quarter in the prior year, the company posted $1.66 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. Analysts expect that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

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.