Loomis Sayles & Co. L P Trims Stake in Inter Parfums, Inc. (NASDAQ:IPAR)

Loomis Sayles & Co. L P trimmed its position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309,111 shares of the company's stock after selling 9,031 shares during the period. Loomis Sayles & Co. L P owned approximately 0.97% of Inter Parfums worth $40,652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of IPAR. Geode Capital Management LLC boosted its holdings in 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 in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Inter Parfums by 50.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 23,034 shares of the company's stock worth $2,982,000 after purchasing an additional 7,771 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Inter Parfums by 36.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,108 shares of the company's stock worth $540,000 after purchasing an additional 1,095 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of Inter Parfums by 36.5% during the fourth quarter. Annex Advisory Services LLC now owns 118,390 shares of the company's stock valued at $15,569,000 after buying an additional 31,654 shares during the last quarter. Finally, Monument Capital Management acquired a new position in shares of Inter Parfums in the 4th quarter valued at $362,000. 55.57% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Inter Parfums Trading Up 1.5 %

Inter Parfums stock traded up $1.69 during trading on Tuesday, hitting $115.56. The company had a trading volume of 81,943 shares, compared to its average volume of 162,683. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $148.15. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The company's 50 day simple moving average is $132.94 and its 200-day simple moving average is $129.97. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 24.80 and a beta of 1.18.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 EPS 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 analysts' expectations of $361.56 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. As a group, analysts expect that Inter Parfums, Inc. will post 5.14 EPS for the current fiscal year.

Inter Parfums Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.80 dividend. This is a positive change from Inter Parfums's previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums's dividend 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.