Inter Parfums, Inc. (NASDAQ:IPAR) Shares Sold by F M Investments LLC

F M Investments LLC cut its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 64.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,561 shares of the company's stock after selling 52,259 shares during the period. F M Investments LLC owned about 0.09% of Inter Parfums worth $3,756,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Inter Parfums by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company's stock valued at $269,677,000 after purchasing an additional 20,721 shares during the period. State Street Corp lifted its holdings in shares of Inter Parfums by 0.3% during the 3rd quarter. State Street Corp now owns 676,253 shares of the company's stock valued at $87,561,000 after acquiring an additional 2,255 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Inter Parfums by 55.0% during the 4th quarter. Victory Capital Management Inc. now owns 563,646 shares of the company's stock valued at $74,125,000 after purchasing an additional 200,079 shares in the last quarter. American Century Companies Inc. grew its holdings in Inter Parfums by 23.3% during the 4th quarter. American Century Companies Inc. now owns 453,993 shares of the company's stock worth $59,705,000 after acquiring an additional 85,871 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 5,056 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages have recently weighed in on IPAR. Canaccord Genuity Group upped 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. BWS Financial reaffirmed a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a report on Monday, March 17th. Finally, DA Davidson reiterated a "buy" rating and issued a $170.00 price objective on shares of Inter Parfums in a research report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Inter Parfums presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.80.

Inter Parfums Trading Down 1.7 %

NASDAQ:IPAR traded down $1.78 during trading hours on Wednesday, hitting $102.84. The company had a trading volume of 28,117 shares, compared to its average volume of 173,352. 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 stock has a 50-day moving average price of $123.86 and a 200 day moving average price of $128.48. The company has a market capitalization of $3.30 billion, a PE ratio of 22.07 and a beta of 1.15. Inter Parfums, Inc. has a 52 week low of $97.65 and a 52 week high of $148.15.

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

Inter Parfums Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 was Friday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.11%. Inter Parfums's payout ratio is presently 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.