Sei Investments Co. Boosts Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Sei Investments Co. increased its stake in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 72.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,144 shares of the company's stock after purchasing an additional 29,427 shares during the quarter. Sei Investments Co. owned 0.22% of Inter Parfums worth $9,225,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in IPAR. Charles Schwab Investment Management Inc. grew its stake in shares of Inter Parfums by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 190,331 shares of the company's stock valued at $24,644,000 after purchasing an additional 1,129 shares during the period. FMR LLC boosted its holdings in shares of Inter Parfums by 13.3% in the third quarter. FMR LLC now owns 3,365 shares of the company's stock worth $436,000 after buying an additional 395 shares during the last quarter. Glenmede Trust Co. NA grew its position in Inter Parfums by 22.1% during the third quarter. Glenmede Trust Co. NA now owns 7,960 shares of the company's stock valued at $1,031,000 after buying an additional 1,443 shares during the period. Northwest & Ethical Investments L.P. purchased a new stake in Inter Parfums during the third quarter valued at approximately $104,000. Finally, Edgestream Partners L.P. bought a new position in Inter Parfums in the third quarter worth approximately $660,000. Institutional investors own 55.57% of the company's stock.

Inter Parfums Price Performance

Shares of NASDAQ IPAR traded up $0.04 during mid-day trading on Tuesday, reaching $113.91. The company's stock had a trading volume of 479,356 shares, compared to its average volume of 164,224. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. Inter Parfums, Inc. has a 52 week low of $108.39 and a 52 week high of $148.15. The stock has a fifty day moving average of $132.94 and a two-hundred day moving average of $129.97. The firm has a market capitalization of $3.66 billion, a PE ratio of 24.44 and a beta of 1.18.

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Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted 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%. As a group, sell-side analysts anticipate that Inter Parfums, Inc. will post 5.14 EPS for the current fiscal year.

Inter Parfums Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given 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 2.81%. Inter Parfums's dividend payout ratio (DPR) is presently 62.87%.

Analyst Ratings Changes

IPAR has been the subject of several analyst reports. Canaccord Genuity Group upped 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. DA Davidson restated a "buy" rating and issued a $170.00 price target on shares of Inter Parfums in a research report on Tuesday, March 25th. Piper Sandler lifted their price objective on Inter Parfums from $155.00 to $164.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Finally, BWS Financial reissued a "buy" rating and issued a $172.00 target price on shares of Inter Parfums in a report on Monday, March 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.80.

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.