Inter Parfums, Inc. (NASDAQ:IPAR) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC lowered its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 147,120 shares of the company's stock after selling 4,695 shares during the quarter. Horizon Kinetics Asset Management LLC owned about 0.46% of Inter Parfums worth $19,348,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IPAR. State Street Corp boosted its position in Inter Parfums by 0.3% in the third quarter. State Street Corp now owns 676,253 shares of the company's stock valued at $87,561,000 after buying an additional 2,255 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Inter Parfums by 55.0% in the 4th quarter. Victory Capital Management Inc. now owns 563,646 shares of the company's stock valued at $74,125,000 after acquiring an additional 200,079 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Inter Parfums by 1.2% in the third quarter. Geode Capital Management LLC now owns 436,137 shares of the company's stock worth $56,481,000 after acquiring an additional 5,056 shares during the period. Wellington Management Group LLP raised its holdings in shares of Inter Parfums by 44.2% during the third quarter. Wellington Management Group LLP now owns 323,863 shares of the company's stock worth $41,934,000 after purchasing an additional 99,316 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised 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 worth $42,326,000 after purchasing an additional 50,247 shares during the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

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Inter Parfums Price Performance

Shares of NASDAQ:IPAR traded down $1.84 during midday trading on Friday, reaching $118.39. 2,542,290 shares of the company's stock traded hands, compared to its average volume of 155,036. The company has a fifty day simple moving average of $135.09 and a two-hundred day simple moving average of $129.92. Inter Parfums, Inc. has a 1 year low of $108.39 and a 1 year high of $148.15. The company has a market cap of $3.80 billion, a P/E ratio of 25.41 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). The company 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%. Equities analysts predict that Inter Parfums, Inc. will post 5.14 EPS for the current fiscal year.

Inter Parfums Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.70%. This is a boost from Inter Parfums's previous quarterly dividend of $0.75. The ex-dividend date is Friday, March 14th. Inter Parfums's payout ratio is presently 62.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IPAR shares. 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 note on Wednesday, December 4th. DA Davidson lifted their price target on Inter Parfums from $163.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. 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 report on Thursday, February 27th. Finally, BWS Financial reaffirmed a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a report on Monday. One research 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, the company currently 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.