18,162 Shares in Inter Parfums, Inc. (NASDAQ:IPAR) Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. bought a new position in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,162 shares of the company's stock, valued at approximately $2,388,000. Balyasny Asset Management L.P. owned 0.06% of Inter Parfums as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Inter Parfums by 293.0% in the third quarter. Barclays PLC now owns 34,689 shares of the company's stock valued at $4,492,000 after buying an additional 25,862 shares in the last quarter. GAMMA Investing LLC grew its stake in Inter Parfums by 55.9% in the 4th 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 period. Park Avenue Securities LLC increased its holdings in Inter Parfums by 12.8% in the 4th quarter. Park Avenue Securities LLC now owns 2,872 shares of the company's stock worth $378,000 after acquiring an additional 326 shares in the last quarter. Annex Advisory Services LLC raised 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 acquiring an additional 31,654 shares during the period. Finally, SG Americas Securities LLC raised its position in Inter Parfums by 282.6% during the fourth quarter. SG Americas Securities LLC now owns 7,506 shares of the company's stock worth $987,000 after acquiring an additional 5,544 shares during the period. Institutional investors and hedge funds own 55.57% of the company's stock.

Insider Transactions at Inter Parfums

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total value of $183,225.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 43.90% of the company's stock.

Inter Parfums Price Performance

Shares of NASDAQ:IPAR traded up $1.65 during midday trading on Friday, hitting $126.73. The company had a trading volume of 126,474 shares, compared to its average volume of 183,086. Inter Parfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 27.20 and a beta of 1.33. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The business's 50-day simple moving average is $113.77 and its 200-day simple moving average is $126.94.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.13 by $0.19. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The business had revenue of $339.00 million for the quarter, compared to analyst estimates of $329.21 million. During the same quarter in the previous year, the firm earned $1.27 EPS. The company's quarterly revenue was up 4.6% compared to the same quarter last year. On average, research analysts predict that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.80 dividend. This is a boost from Inter Parfums's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.20 annualized dividend and a dividend yield of 2.53%. Inter Parfums's dividend payout ratio is 62.26%.

Analysts Set New Price Targets

A number of analysts have recently commented on IPAR shares. BWS Financial reissued a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a research note on Wednesday, May 7th. DA Davidson reiterated a "buy" rating and set a $170.00 price objective on shares of Inter Parfums in a research note on Tuesday, March 25th. Canaccord Genuity Group increased their target price on Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Piper Sandler reiterated an "overweight" rating and set a $138.00 price target (down from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. One research 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 an average target price of $157.60.

Inter Parfums Company 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.