Trexquant Investment LP Reduces Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Trexquant Investment LP reduced its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 35.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,127 shares of the company's stock after selling 7,641 shares during the quarter. Trexquant Investment LP's holdings in Inter Parfums were worth $1,858,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company's stock worth $30,000 after purchasing an additional 81 shares during the period. SRH Advisors LLC lifted its position in shares of Inter Parfums by 791.7% during the fourth quarter. SRH Advisors LLC now owns 535 shares of the company's stock worth $70,000 after acquiring an additional 475 shares in the last quarter. Blue Trust Inc. grew its holdings in Inter Parfums by 25.7% during the 4th quarter. Blue Trust Inc. now owns 818 shares of the company's stock valued at $106,000 after buying an additional 167 shares in the last quarter. Principal Securities Inc. increased its holdings in Inter Parfums by 15.1% during the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company's stock worth $174,000 after acquiring an additional 174 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Inter Parfums by 23.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the company's stock worth $215,000 after purchasing an additional 310 shares during the period. Institutional investors own 55.57% of the company's stock.

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Inter Parfums Stock Performance

Shares of NASDAQ:IPAR traded up $1.34 during trading on Monday, hitting $107.44. The company's stock had a trading volume of 15,634 shares, compared to its average volume of 172,681. The company has a 50-day moving average of $125.20 and a 200-day moving average of $128.80. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 23.06 and a beta of 1.15. Inter Parfums, Inc. has a 12 month low of $97.65 and a 12 month 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 posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The company had revenue of $361.50 million during the quarter, compared to the consensus estimate of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. On average, sell-side analysts expect that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The business also recently announced 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 is a positive change from Inter Parfums's previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.98%. Inter Parfums's dividend payout ratio is currently 62.87%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on IPAR shares. Canaccord Genuity Group raised their price target on Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. BWS Financial reiterated a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research report on Monday, March 17th. Finally, DA Davidson reissued a "buy" rating and issued a $170.00 target price on shares of Inter Parfums in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Inter Parfums currently has a consensus rating of "Moderate Buy" and an average target price 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.