Inter Parfums, Inc. (NASDAQ:IPAR) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,539 shares of the company's stock after acquiring an additional 2,548 shares during the quarter. Principal Financial Group Inc. owned 0.27% of Inter Parfums worth $11,512,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in IPAR. Victory Capital Management Inc. grew its stake in shares of Inter Parfums by 5,393.6% during the 3rd quarter. Victory Capital Management Inc. now owns 363,567 shares of the company's stock valued at $47,075,000 after purchasing an additional 356,949 shares during the period. Wellington Management Group LLP raised its position in Inter Parfums by 44.2% in the third quarter. Wellington Management Group LLP now owns 323,863 shares of the company's stock worth $41,934,000 after acquiring an additional 99,316 shares during the period. Annex Advisory Services LLC raised its position in Inter Parfums by 36.5% in the fourth quarter. Annex Advisory Services LLC now owns 118,390 shares of the company's stock worth $15,569,000 after acquiring an additional 31,654 shares during the period. Barclays PLC boosted its stake in shares of Inter Parfums by 293.0% during the 3rd quarter. Barclays PLC now owns 34,689 shares of the company's stock worth $4,492,000 after acquiring an additional 25,862 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Inter Parfums during the 3rd quarter valued at $3,111,000. 55.57% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

Several research analysts have recently commented on IPAR shares. Canaccord Genuity Group raised 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. 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 research note on Wednesday, December 4th. DA Davidson upped their price target on shares of Inter Parfums from $163.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, BWS Financial reissued a "buy" rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Inter Parfums currently has an average rating of "Moderate Buy" and an average price target of $162.80.

Inter Parfums Trading Down 2.4 %

Shares of Inter Parfums stock traded down $3.38 on Monday, hitting $135.54. 124,657 shares of the company traded hands, compared to its average volume of 139,010. 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 has a market cap of $4.34 billion, a PE ratio of 29.08 and a beta of 1.20. The stock's 50 day moving average price is $135.89 and its 200-day moving average price is $129.73. Inter Parfums, Inc. has a 52 week low of $108.39 and a 52 week high of $148.15.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted 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 the consensus estimate of $361.56 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. Equities research analysts predict that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.36%. This is an increase from Inter Parfums's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, March 14th. Inter Parfums's dividend payout ratio (DPR) is 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.