Horizon Kinetics Asset Management LLC Lowers Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

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

A number of other large investors also recently bought and sold shares of IPAR. CWM LLC grew its stake in shares of Inter Parfums by 44.4% in the second quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after acquiring an additional 88 shares during the last quarter. Blue Trust Inc. grew its position in Inter Parfums by 83.4% during the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after purchasing an additional 296 shares during the last quarter. Mendota Financial Group LLC bought a new stake in Inter Parfums during the 2nd quarter valued at about $89,000. Crossmark Global Holdings Inc. purchased a new position in Inter Parfums in the third quarter worth about $209,000. Finally, Choreo LLC bought a new position in shares of Inter Parfums in the second quarter worth approximately $213,000. 55.57% of the stock is owned by hedge funds and other institutional investors.

Inter Parfums Trading Up 1.7 %

NASDAQ:IPAR opened at $136.36 on Monday. The company has a market cap of $4.37 billion, a PE ratio of 28.77 and a beta of 1.16. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The company has a 50 day simple moving average of $123.92 and a two-hundred day simple moving average of $122.97. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $156.75.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $425.00 million. During the same quarter in the previous year, the company posted $1.66 earnings per share. Inter Parfums’s revenue was up 15.5% compared to the same quarter last year. Research analysts forecast that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Analyst Ratings Changes

IPAR has been the subject of several analyst reports. StockNews.com raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler cut their target price on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 13th. DA Davidson restated a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a research note on Tuesday, November 12th. Finally, BWS Financial reaffirmed a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.