Black Swift Group LLC Takes $647,000 Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Black Swift Group LLC purchased a new position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,000 shares of the company's stock, valued at approximately $647,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake 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 buying an additional 30,316 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Inter Parfums by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company's stock valued at $85,384,000 after purchasing an additional 4,862 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Inter Parfums by 5,393.6% during the 3rd quarter. Victory Capital Management Inc. now owns 363,567 shares of the company's stock worth $47,075,000 after purchasing an additional 356,949 shares during the last quarter. American Century Companies Inc. boosted its stake in Inter Parfums by 50.1% during the 2nd quarter. American Century Companies Inc. now owns 317,556 shares of the company's stock valued at $36,846,000 after purchasing an additional 106,044 shares during the period. Finally, Bahl & Gaynor Inc. grew its holdings in Inter Parfums by 0.4% in the 2nd quarter. Bahl & Gaynor Inc. now owns 253,443 shares of the company's stock valued at $29,407,000 after buying an additional 1,023 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company's stock.

Inter Parfums Price Performance

Shares of NASDAQ:IPAR traded up $2.52 during midday trading on Thursday, reaching $130.72. 142,272 shares of the company's stock were exchanged, compared to its average volume of 145,718. The firm has a market capitalization of $4.19 billion, a PE ratio of 28.05 and a beta of 1.16. The company's 50 day simple moving average is $122.42 and its two-hundred day simple moving average is $122.47. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month 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.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its earnings results 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 business had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. During the same quarter last year, the company earned $1.66 EPS. Inter Parfums's revenue was up 15.5% on a year-over-year basis. Equities research analysts expect that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Inter Parfums Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, December 16th. Inter Parfums's dividend payout ratio (DPR) is currently 64.38%.

Analyst Ratings Changes

A number of research analysts have recently commented on IPAR shares. BWS Financial reiterated a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a report on Monday. Piper Sandler dropped their price objective on shares of Inter Parfums from $158.00 to $155.00 and set an "overweight" rating on the stock in a report on Wednesday. StockNews.com upgraded shares of Inter Parfums from a "sell" rating to a "hold" rating in a research note on Wednesday, August 7th. Finally, DA Davidson restated a "buy" rating and set a $163.00 price target on shares of Inter Parfums in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $157.50.

Insider Transactions at Inter Parfums

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.96, for a total value of $188,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 43.90% of the stock is owned by company insiders.

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.