WCM Investment Management LLC Acquires 5,482 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

WCM Investment Management LLC boosted its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 193,660 shares of the company's stock after purchasing an additional 5,482 shares during the quarter. WCM Investment Management LLC owned about 0.60% of Inter Parfums worth $24,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Inter Parfums by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company's stock worth $288,718,000 after purchasing an additional 30,316 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Inter Parfums by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company's stock worth $85,384,000 after purchasing an additional 4,862 shares during the last quarter. American Century Companies Inc. raised its holdings in Inter Parfums by 50.1% during the 2nd quarter. American Century Companies Inc. now owns 317,556 shares of the company's stock worth $36,846,000 after purchasing an additional 106,044 shares during the last quarter. Bahl & Gaynor Inc. increased its stake in shares of 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 acquiring an additional 1,023 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in shares of Inter Parfums by 0.6% in the 2nd quarter. William Blair Investment Management LLC now owns 234,527 shares of the company's stock valued at $27,212,000 after acquiring an additional 1,390 shares during the last quarter. 55.57% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $125.96, for a total value of $188,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 43.90% of the company's stock.

Inter Parfums Stock Up 0.4 %

Shares of IPAR traded up $0.57 on Monday, hitting $128.80. The company's stock had a trading volume of 216,107 shares, compared to its average volume of 144,980. The company has a quick ratio of 1.27, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The firm's fifty day moving average price is $122.32 and its 200-day moving average price is $122.38. Inter Parfums, Inc. has a fifty-two week low of $108.39 and a fifty-two week high of $156.75. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 27.64 and a beta of 1.16.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. During the same quarter in the prior year, the firm posted $1.66 EPS. The business's revenue was up 15.5% on a year-over-year basis. On average, equities research analysts expect that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Inter Parfums Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Monday, December 16th. Inter Parfums's dividend payout ratio (DPR) is currently 64.38%.

Analyst Upgrades and Downgrades

IPAR has been the subject of a number of recent analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $151.00 price target (up from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. BWS Financial reaffirmed a "buy" rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Monday. DA Davidson reaffirmed a "buy" rating and issued a $163.00 price target on shares of Inter Parfums in a research note on Tuesday, October 22nd. Finally, StockNews.com raised Inter Parfums from a "sell" rating to a "hold" rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Inter Parfums has a consensus rating of "Moderate Buy" and an average target price of $156.50.

Inter Parfums Profile

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.