Inter Parfums, Inc. (NASDAQ:IPAR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 32.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 133,816 shares of the company's stock after purchasing an additional 32,741 shares during the quarter. JPMorgan Chase & Co. owned 0.42% of Inter Parfums worth $17,598,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IPAR. Vanguard Group Inc. grew its stake in Inter Parfums by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company's stock valued at $269,677,000 after acquiring an additional 20,721 shares during the period. State Street Corp increased its stake in shares of Inter Parfums by 0.3% during the third quarter. State Street Corp now owns 676,253 shares of the company's stock worth $87,561,000 after purchasing an additional 2,255 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Inter Parfums by 55.0% during the 4th quarter. Victory Capital Management Inc. now owns 563,646 shares of the company's stock worth $74,125,000 after purchasing an additional 200,079 shares during the last quarter. American Century Companies Inc. boosted its holdings in Inter Parfums by 23.3% in the 4th quarter. American Century Companies Inc. now owns 453,993 shares of the company's stock worth $59,705,000 after buying an additional 85,871 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Inter Parfums by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 436,137 shares of the company's stock worth $56,481,000 after buying an additional 5,056 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BWS Financial restated a "buy" rating and issued a $172.00 target price on shares of Inter Parfums in a research report on Monday, March 17th. Canaccord Genuity Group raised 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. Finally, DA Davidson reaffirmed a "buy" rating and set a $170.00 target price on shares of Inter Parfums in a report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $162.80.

Inter Parfums Trading Down 1.2 %

IPAR traded down $1.31 during trading hours on Tuesday, reaching $104.62. The company's stock had a trading volume of 231,432 shares, compared to its average volume of 173,722. The business's 50-day moving average is $124.54 and its 200-day moving average is $128.65. 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 market cap of $3.36 billion, a PE ratio of 22.45 and a beta of 1.15. Inter Parfums, Inc. has a fifty-two week low of $97.65 and a fifty-two 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 analysts' consensus estimates of $0.87 by ($0.05). Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The business had revenue of $361.50 million for the quarter, compared to analysts' expectations of $361.56 million. As a group, equities research analysts predict that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Inter Parfums's previous quarterly dividend of $0.75. Inter Parfums's payout ratio is currently 62.87%.

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.