KLP Kapitalforvaltning AS Purchases Shares of 4,100 Inter Parfums, Inc. (NASDAQ:IPAR)

KLP Kapitalforvaltning AS purchased a new position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,100 shares of the company's stock, valued at approximately $539,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its position in Inter Parfums by 72.3% in the 4th quarter. Sei Investments Co. now owns 70,144 shares of the company's stock valued at $9,225,000 after buying an additional 29,427 shares during the period. American Century Companies Inc. grew its stake in Inter Parfums by 23.3% in the fourth quarter. American Century Companies Inc. now owns 453,993 shares of the company's stock worth $59,705,000 after purchasing an additional 85,871 shares in the last quarter. Intech Investment Management LLC increased its holdings in Inter Parfums by 122.2% during the 4th quarter. Intech Investment Management LLC now owns 16,617 shares of the company's stock worth $2,185,000 after purchasing an additional 9,138 shares during the period. Cibc World Markets Corp bought a new stake in Inter Parfums during the 4th quarter valued at $224,000. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Inter Parfums by 7.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company's stock worth $239,000 after buying an additional 124 shares during the period. Hedge funds and other institutional investors own 55.57% of the company's stock.

Inter Parfums Stock Down 3.4 %

Inter Parfums stock traded down $3.51 during trading hours on Tuesday, reaching $99.70. The stock had a trading volume of 377,855 shares, compared to its average volume of 170,569. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 21.39 and a beta of 1.15. The business's 50 day moving average price is $127.87 and its 200-day moving average price is $129.27. Inter Parfums, Inc. has a 52 week low of $97.65 and a 52 week high of $148.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60.

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Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.05). Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The business had revenue of $361.50 million during the quarter, compared to analyst estimates of $361.56 million. Sell-side analysts anticipate that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.80 per share. This is a positive change from Inter Parfums's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.20 dividend on an annualized basis and a yield of 3.21%. Inter Parfums's dividend payout ratio is presently 62.87%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on IPAR shares. Canaccord Genuity Group lifted their price objective on Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, February 27th. DA Davidson restated a "buy" rating and issued a $170.00 price target on shares of Inter Parfums in a report on Tuesday, March 25th. Finally, BWS Financial reiterated a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a research note on Monday, March 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Inter Parfums currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.80.

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.