Advantage Alpha Capital Partners LP Sells 6,630 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Advantage Alpha Capital Partners LP lowered its position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 28.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,586 shares of the company's stock after selling 6,630 shares during the period. Advantage Alpha Capital Partners LP owned about 0.05% of Inter Parfums worth $2,181,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Inter Parfums by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company's stock worth $269,677,000 after purchasing an additional 20,721 shares during the period. LPL Financial LLC raised its holdings in Inter Parfums by 12.9% during the 4th quarter. LPL Financial LLC now owns 9,939 shares of the company's stock worth $1,307,000 after buying an additional 1,133 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Inter Parfums during the fourth quarter worth $539,000. Sei Investments Co. grew its position in Inter Parfums by 72.3% in the fourth quarter. Sei Investments Co. now owns 70,144 shares of the company's stock valued at $9,225,000 after purchasing an additional 29,427 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Inter Parfums by 23.3% in the 4th quarter. American Century Companies Inc. now owns 453,993 shares of the company's stock valued at $59,705,000 after buying an additional 85,871 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company's stock.

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Analyst Ratings Changes

A number of analysts recently issued reports on IPAR shares. DA Davidson reaffirmed a "buy" rating and issued a $170.00 target price on shares of Inter Parfums in a research report on Tuesday. 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. Canaccord Genuity Group increased 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. Finally, Piper Sandler boosted their target price on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $162.80.

Inter Parfums Stock Performance

NASDAQ:IPAR traded down $4.23 on Friday, hitting $117.26. The company's stock had a trading volume of 334,547 shares, compared to its average volume of 162,253. Inter Parfums, Inc. has a one year low of $108.39 and a one year high of $148.15. The firm has a market capitalization of $3.77 billion, a P/E ratio of 25.16 and a beta of 1.18. The stock has a fifty day moving average of $133.44 and a two-hundred day moving average of $129.78. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings results 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 net margin of 10.60% and a return on equity of 16.34%. The business had revenue of $361.50 million during the quarter, compared to the consensus estimate of $361.56 million. Research analysts predict that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Friday, March 14th. This is a boost from Inter Parfums's previous quarterly dividend of $0.75. Inter Parfums's dividend payout ratio (DPR) is currently 62.87%.

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.