Charles Schwab Investment Management Inc. boosted its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,060 shares of the company's stock after acquiring an additional 8,729 shares during the period. Charles Schwab Investment Management Inc. owned about 0.62% of Inter Parfums worth $26,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Inter Parfums by 55.9% in the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company's stock worth $30,000 after purchasing an additional 81 shares during the period. KBC Group NV boosted its position in Inter Parfums by 3.0% during the 3rd quarter. KBC Group NV now owns 4,313 shares of the company's stock valued at $558,000 after acquiring an additional 126 shares in the last quarter. Aurora Investment Counsel increased its holdings in shares of Inter Parfums by 0.8% in the 3rd quarter. Aurora Investment Counsel now owns 19,457 shares of the company's stock valued at $2,519,000 after acquiring an additional 146 shares during the period. Blue Trust Inc. raised its position in shares of Inter Parfums by 25.7% in the 4th quarter. Blue Trust Inc. now owns 818 shares of the company's stock worth $106,000 after acquiring an additional 167 shares in the last quarter. Finally, Principal Securities Inc. raised its position in shares of Inter Parfums by 15.1% in the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company's stock worth $174,000 after acquiring an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company's stock.
Inter Parfums Stock Performance
Shares of NASDAQ:IPAR traded down $1.89 on Friday, hitting $118.34. 382,605 shares of the company were exchanged, compared to its average volume of 155,010. The firm has a market capitalization of $3.80 billion, a P/E ratio of 25.39 and a beta of 1.18. 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, Inc. has a 1-year low of $108.39 and a 1-year high of $148.15. The stock's 50 day moving average price is $135.09 and its 200 day moving average price is $129.92.
Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.05). The firm had revenue of $361.50 million for the quarter, compared to analyst estimates of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. Sell-side analysts predict that Inter Parfums, Inc. will post 5.14 EPS for the current year.
Inter Parfums Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.70%. This is a positive change from Inter Parfums's previous quarterly dividend of $0.75. Inter Parfums's dividend payout ratio is presently 62.87%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. DA Davidson raised their price objective on Inter Parfums from $163.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. BWS Financial restated a "buy" rating and issued a $172.00 price target on shares of Inter Parfums in a report on Monday. Piper Sandler boosted their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Finally, Canaccord Genuity Group raised their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Inter Parfums has an average rating of "Moderate Buy" and an average target price of $162.80.
View Our Latest Report on IPAR
About Inter Parfums
(
Free Report)
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.
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