XTX Topco Ltd Takes $372,000 Position in Inter Parfums, Inc. (NASDAQ:IPAR)

XTX Topco Ltd acquired a new stake in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,831 shares of the company's stock, valued at approximately $372,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its position in Inter Parfums by 36.3% during the fourth 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. Legal & General Group Plc increased its position in Inter Parfums by 7.9% during the fourth quarter. Legal & General Group Plc now owns 53,264 shares of the company's stock worth $7,005,000 after purchasing an additional 3,911 shares during the last quarter. Vanguard Group Inc. increased its position in Inter Parfums by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company's stock worth $269,677,000 after purchasing an additional 20,721 shares during the last quarter. Annex Advisory Services LLC increased its position in Inter Parfums by 36.5% during the fourth quarter. Annex Advisory Services LLC now owns 118,390 shares of the company's stock worth $15,569,000 after purchasing an additional 31,654 shares during the last quarter. Finally, Monument Capital Management acquired a new position in Inter Parfums during the fourth quarter worth approximately $362,000. Institutional investors and hedge funds own 55.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. BWS Financial reaffirmed a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research report on Monday, March 17th. Piper Sandler reaffirmed an "overweight" rating and set a $138.00 price target (down previously from $169.00) on shares of Inter Parfums in a research report on Thursday. DA Davidson reissued a "buy" rating and issued a $170.00 price objective on shares of Inter Parfums in a research report on Tuesday, March 25th. Finally, Canaccord Genuity Group increased their price objective on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Inter Parfums has an average rating of "Moderate Buy" and a consensus target price of $157.60.

Inter Parfums Trading Down 0.3 %

Shares of Inter Parfums stock traded down $0.33 during trading hours on Monday, hitting $108.12. The company's stock had a trading volume of 420,476 shares, compared to its average volume of 177,241. Inter Parfums, Inc. has a 1-year low of $97.65 and a 1-year high of $148.15. The business has a fifty day moving average of $118.51 and a 200 day moving average of $127.32. The company has a market capitalization of $3.47 billion, a PE ratio of 23.20 and a beta of 1.15. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 earnings per share (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 analyst estimates of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. As a group, equities analysts forecast 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 was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.80 dividend. The ex-dividend date was Friday, March 14th. This is an increase from Inter Parfums's previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 2.96%. Inter Parfums's dividend payout ratio 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.