Vanguard Group Inc. grew its stake in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,050,621 shares of the company's stock after acquiring an additional 20,721 shares during the period. Vanguard Group Inc. owned 6.40% of Inter Parfums worth $269,677,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Inter Parfums by 55.9% in the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company's stock valued at $30,000 after acquiring an additional 81 shares during the last quarter. SRH Advisors LLC grew 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 purchasing an additional 475 shares during the period. Blue Trust Inc. increased its stake in Inter Parfums by 25.7% in the fourth quarter. Blue Trust Inc. now owns 818 shares of the company's stock valued at $106,000 after purchasing an additional 167 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Inter Parfums by 15.1% during the fourth quarter. Principal Securities Inc. now owns 1,323 shares of the company's stock worth $174,000 after purchasing an additional 174 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Inter Parfums by 23.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the company's stock valued at $215,000 after buying an additional 310 shares during the period. 55.57% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
IPAR has been the topic of several recent analyst reports. Canaccord Genuity Group lifted their target price on Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. BWS Financial reiterated a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a report on Monday, March 17th. Finally, DA Davidson reissued a "buy" rating and set a $170.00 target price on shares of Inter Parfums in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Inter Parfums presently has an average rating of "Moderate Buy" and a consensus target price of $162.80.
Get Our Latest Report on IPAR
Inter Parfums Stock Up 8.9 %
Shares of IPAR stock traded up $8.83 on Wednesday, hitting $108.53. 409,140 shares of the stock were exchanged, compared to its average volume of 171,791. 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 firm has a market capitalization of $3.49 billion, a P/E ratio of 23.29 and a beta of 1.15. Inter Parfums, Inc. has a fifty-two week low of $97.33 and a fifty-two week high of $148.15. The business has a 50-day moving average of $126.53 and a 200 day moving average of $129.04.
Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.05). The company had revenue of $361.50 million for the quarter, compared to analyst estimates of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. Equities analysts anticipate that Inter Parfums, Inc. will post 5.14 EPS for the current year.
Inter Parfums Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.80 per share. This is an increase from Inter Parfums's previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 14th. This represents a $3.20 annualized dividend and a yield of 2.95%. Inter Parfums's dividend payout ratio (DPR) is currently 62.87%.
About Inter Parfums
(
Free Report)
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.
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