Inter Parfums, Inc. (NASDAQ:IPAR) Sees Large Drop in Short Interest

Inter Parfums, Inc. (NASDAQ:IPAR - Get Free Report) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 769,000 shares, a drop of 15.1% from the February 28th total of 906,300 shares. Based on an average daily trading volume, of 202,700 shares, the short-interest ratio is presently 3.8 days. Approximately 4.3% of the shares of the stock are sold short.

Inter Parfums Stock Down 2.4 %

Inter Parfums stock traded down $2.57 during trading hours on Friday, hitting $104.12. The company had a trading volume of 466,774 shares, compared to its average volume of 168,398. The firm's fifty day moving average is $130.32 and its 200-day moving average is $129.57. The firm has a market capitalization of $3.34 billion, a P/E ratio of 22.34 and a beta of 1.18. Inter Parfums has a fifty-two week low of $100.92 and a fifty-two week high of $148.15. 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 (NASDAQ:IPAR - Get Free Report) last announced 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 firm had revenue of $361.50 million for the quarter, compared to analysts' expectations of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. On average, research analysts forecast that Inter Parfums will post 5.14 earnings per share for the current year.

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Inter Parfums Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Inter Parfums's previous quarterly dividend of $0.75. Inter Parfums's dividend payout ratio (DPR) is presently 62.87%.

Institutional Trading of Inter Parfums

A number of institutional investors have recently added to or reduced their stakes in IPAR. GAMMA Investing LLC raised its holdings in shares of Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company's stock valued at $30,000 after purchasing an additional 81 shares in the last quarter. Coppell Advisory Solutions LLC raised its holdings in Inter Parfums by 210.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock valued at $67,000 after buying an additional 347 shares in the last quarter. SRH Advisors LLC raised its holdings in Inter Parfums by 791.7% during the fourth quarter. SRH Advisors LLC now owns 535 shares of the company's stock valued at $70,000 after buying an additional 475 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Inter Parfums by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock worth $105,000 after buying an additional 400 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Inter Parfums by 25.7% during the 4th quarter. Blue Trust Inc. now owns 818 shares of the company's stock worth $106,000 after acquiring an additional 167 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IPAR has been the topic of a number of recent research reports. DA Davidson restated a "buy" rating and issued a $170.00 target price on shares of Inter Parfums in a report on Tuesday, March 25th. BWS Financial restated a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a report on Monday, March 17th. Finally, Canaccord Genuity Group boosted their price target on shares of Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $162.80.

Inter Parfums Company 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.