Alliancebernstein L.P. Buys 21,203 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Alliancebernstein L.P. grew its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 75.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,265 shares of the company's stock after buying an additional 21,203 shares during the quarter. Alliancebernstein L.P. owned 0.15% of Inter Parfums worth $6,479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IPAR. GAMMA Investing LLC lifted its stake in Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company's stock worth $30,000 after purchasing an additional 81 shares during the last quarter. SRH Advisors LLC lifted its position in Inter Parfums by 791.7% in the 4th quarter. SRH Advisors LLC now owns 535 shares of the company's stock worth $70,000 after buying an additional 475 shares during the last quarter. Blue Trust Inc. lifted its position in Inter Parfums by 25.7% in the 4th quarter. Blue Trust Inc. now owns 818 shares of the company's stock worth $106,000 after buying an additional 167 shares during the last quarter. Principal Securities Inc. boosted its stake in Inter Parfums by 15.1% in the fourth quarter. Principal Securities Inc. now owns 1,323 shares of the company's stock worth $174,000 after buying an additional 174 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Inter Parfums by 23.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the company's stock valued at $215,000 after acquiring an additional 310 shares during the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Inter Parfums Trading Up 1.5 %

Inter Parfums stock traded up $1.57 during trading hours on Friday, reaching $104.02. The stock had a trading volume of 132,740 shares, compared to its average volume of 174,406. The company has a fifty day simple moving average of $122.56 and a 200-day simple moving average of $128.12. Inter Parfums, Inc. has a 52 week low of $97.65 and a 52 week high of $148.15. The stock has a market cap of $3.34 billion, a PE ratio of 22.32 and a beta of 1.15. 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 announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.05). The business had revenue of $361.50 million for 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%. Analysts forecast that Inter Parfums, Inc. will post 5.14 EPS for the current fiscal year.

Inter Parfums Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.80 dividend. The ex-dividend date was Friday, March 14th. 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 3.08%. Inter Parfums's dividend payout ratio is 62.87%.

Analyst Ratings Changes

IPAR has been the subject of a number of research reports. DA Davidson reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Inter Parfums in a research note on Tuesday, March 25th. BWS Financial restated a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research report on Monday, March 17th. Finally, Canaccord Genuity Group lifted their price objective on Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $162.80.

About Inter Parfums

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.