Intech Investment Management LLC Purchases 9,138 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Intech Investment Management LLC increased its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 122.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,617 shares of the company's stock after acquiring an additional 9,138 shares during the quarter. Intech Investment Management LLC owned approximately 0.05% of Inter Parfums worth $2,185,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. State Street Corp raised its position in shares of Inter Parfums by 0.3% during the third quarter. State Street Corp now owns 676,253 shares of the company's stock worth $87,561,000 after purchasing an additional 2,255 shares during the period. Victory Capital Management Inc. raised its holdings in Inter Parfums by 55.0% during the fourth quarter. Victory Capital Management Inc. now owns 563,646 shares of the company's stock worth $74,125,000 after buying an additional 200,079 shares during the last quarter. Geode Capital Management LLC raised its holdings in Inter Parfums by 1.2% during the third quarter. Geode Capital Management LLC now owns 436,137 shares of the company's stock worth $56,481,000 after buying an additional 5,056 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Inter Parfums by 44.2% in the third quarter. Wellington Management Group LLP now owns 323,863 shares of the company's stock valued at $41,934,000 after buying an additional 99,316 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in shares of Inter Parfums by 18.5% during the fourth quarter. Bahl & Gaynor Inc. now owns 321,845 shares of the company's stock valued at $42,326,000 after buying an additional 50,247 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

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Inter Parfums Stock Performance

Shares of IPAR traded down $2.45 during mid-day trading on Tuesday, hitting $118.56. The stock had a trading volume of 353,854 shares, compared to its average volume of 153,034. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The firm has a market cap of $3.81 billion, a P/E ratio of 25.44 and a beta of 1.18. Inter Parfums, Inc. has a 52 week low of $108.39 and a 52 week high of $148.15. The business has a fifty day moving average price of $134.72 and a 200-day moving average price of $129.91.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $361.50 million for the quarter, compared to analysts' expectations of $361.56 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. On average, equities research analysts expect that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.80 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.20 annualized dividend and a yield of 2.70%. This is an increase from Inter Parfums's previous quarterly dividend of $0.75. Inter Parfums's dividend payout ratio (DPR) is currently 62.87%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IPAR. DA Davidson restated a "buy" rating and issued a $170.00 target price on shares of Inter Parfums in a report on Tuesday. Canaccord Genuity Group increased their price objective on Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. BWS Financial reaffirmed a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a research report on Monday, March 17th. Finally, Piper Sandler increased their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.