Principal Financial Group Inc. Lowers Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Principal Financial Group Inc. trimmed its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 98,148 shares of the company’s stock after selling 1,012 shares during the period. Principal Financial Group Inc. owned about 0.31% of Inter Parfums worth $14,134,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new position in Inter Parfums in the 4th quarter valued at about $27,000. Principal Securities Inc. purchased a new stake in Inter Parfums during the 4th quarter worth approximately $30,000. Signaturefd LLC lifted its holdings in Inter Parfums by 87.4% during the 4th quarter. Signaturefd LLC now owns 223 shares of the company’s stock worth $32,000 after buying an additional 104 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in Inter Parfums by 273.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 351 shares of the company’s stock valued at $51,000 after buying an additional 257 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Inter Parfums in the third quarter worth $55,000. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Inter Parfums Stock Performance

NASDAQ:IPAR opened at $118.88 on Friday. The firm has a market capitalization of $3.81 billion, a PE ratio of 27.39 and a beta of 1.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.75 and a quick ratio of 1.43. The business’s fifty day moving average price is $127.02 and its 200 day moving average price is $134.41. Inter Parfums, Inc. has a 12 month low of $114.71 and a 12 month high of $156.75.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, May 7th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.29). The business had revenue of $323.96 million for the quarter, compared to analyst estimates of $324.00 million. Inter Parfums had a return on equity of 15.85% and a net margin of 10.50%. Inter Parfums’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $1.68 EPS. On average, sell-side analysts anticipate that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on IPAR. DA Davidson reiterated a “buy” rating and issued a $192.00 target price on shares of Inter Parfums in a report on Thursday, May 9th. Piper Sandler decreased their price objective on Inter Parfums from $176.00 to $172.00 and set an “overweight” rating for the company 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 research report on Thursday, May 9th.

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.