Barclays PLC Has $9.28 Million Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Barclays PLC grew its position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 103.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,567 shares of the company's stock after acquiring an additional 35,878 shares during the period. Barclays PLC owned about 0.22% of Inter Parfums worth $9,281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of 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. SRH Advisors LLC raised its holdings in Inter Parfums by 791.7% in the 4th quarter. SRH Advisors LLC now owns 535 shares of the company's stock valued at $70,000 after acquiring an additional 475 shares during the period. Blue Trust Inc. lifted its position in Inter Parfums by 25.7% during the fourth quarter. Blue Trust Inc. now owns 818 shares of the company's stock worth $106,000 after acquiring an additional 167 shares during the last quarter. Principal Securities Inc. boosted its holdings 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 acquiring an additional 174 shares during the period. Finally, Covestor Ltd grew its position in shares of Inter Parfums by 28.0% in the fourth quarter. Covestor Ltd now owns 1,517 shares of the company's stock valued at $200,000 after purchasing an additional 332 shares during the last quarter. Institutional investors own 55.57% of the company's stock.

Analyst Ratings Changes

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

Inter Parfums Price Performance

NASDAQ:IPAR traded down $0.33 during trading hours on Monday, reaching $108.12. 420,476 shares of the company were exchanged, compared to its average volume of 177,241. The company has a market capitalization of $3.47 billion, a P/E ratio of 23.20 and a beta of 1.15. Inter Parfums, Inc. has a 1-year low of $97.65 and a 1-year 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. The business has a 50 day moving average of $118.51 and a 200 day moving average of $127.32.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued 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 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%. Research analysts forecast that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The business also recently declared 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. The ex-dividend date was Friday, March 14th. This represents a $3.20 dividend on an annualized basis and a yield of 2.96%. This is an increase from Inter Parfums's previous quarterly dividend of $0.75. Inter Parfums's dividend payout ratio is currently 62.87%.

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.