Brevan Howard Capital Management LP Makes New $390,000 Investment in Inter Parfums, Inc. (NASDAQ:IPAR)

Brevan Howard Capital Management LP acquired a new position in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,962 shares of the company's stock, valued at approximately $390,000.

Several other hedge funds and other institutional investors also recently modified their holdings of IPAR. Vanguard Group Inc. boosted its stake in Inter Parfums by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company's stock worth $269,677,000 after buying an additional 20,721 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Inter Parfums by 10.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,124,728 shares of the company's stock worth $147,913,000 after buying an additional 108,321 shares in the last quarter. Victory Capital Management Inc. lifted its position in Inter Parfums by 55.0% in the fourth quarter. Victory Capital Management Inc. now owns 563,646 shares of the company's stock valued at $74,125,000 after purchasing an additional 200,079 shares during the last quarter. American Century Companies Inc. lifted its position in Inter Parfums by 23.3% in the fourth quarter. American Century Companies Inc. now owns 453,993 shares of the company's stock valued at $59,705,000 after purchasing an additional 85,871 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Inter Parfums by 4.1% in the fourth quarter. Invesco Ltd. now owns 362,518 shares of the company's stock valued at $47,675,000 after purchasing an additional 14,254 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company's stock.

Inter Parfums Stock Down 0.4%

IPAR traded down $0.53 during trading on Wednesday, reaching $124.16. The stock had a trading volume of 143,348 shares, compared to its average volume of 183,083. The stock's 50 day moving average is $113.81 and its two-hundred day moving average is $126.94. 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 company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 26.64 and a beta of 1.33. Inter Parfums, Inc. has a one year low of $97.65 and a one year high of $148.15.

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

Inter Parfums Increases Dividend

The business 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. This is a boost from Inter Parfums's previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums's dividend payout ratio is currently 62.26%.

Insider Transactions at Inter Parfums

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total transaction of $183,225.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 43.90% of the company's stock.

Analyst Upgrades and Downgrades

IPAR has been the subject of several recent research reports. Canaccord Genuity Group boosted their price objective on Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. DA Davidson restated a "buy" rating and set a $170.00 target price on shares of Inter Parfums in a report on Tuesday, March 25th. Piper Sandler restated an "overweight" rating and set a $138.00 target price (down previously from $169.00) on shares of Inter Parfums in a report on Thursday, April 24th. Finally, BWS Financial restated a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Inter Parfums presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.60.

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.