Dimensional Fund Advisors LP Has $92.33 Million Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Dimensional Fund Advisors LP lessened its holdings in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 702,058 shares of the company's stock after selling 5,917 shares during the period. Dimensional Fund Advisors LP owned about 2.19% of Inter Parfums worth $92,327,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of IPAR. GAMMA Investing LLC boosted its stake 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 purchasing an additional 81 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in Inter Parfums by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,907 shares of the company's stock valued at $251,000 after buying an additional 121 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Inter Parfums by 7.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company's stock worth $239,000 after buying an additional 124 shares during the last quarter. Level Four Advisory Services LLC increased its holdings in shares of Inter Parfums by 1.9% during the fourth quarter. Level Four Advisory Services LLC now owns 8,101 shares of the company's stock worth $1,065,000 after buying an additional 154 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Inter Parfums by 25.7% in the 4th quarter. Blue Trust Inc. now owns 818 shares of the company's stock valued at $106,000 after acquiring an additional 167 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company's stock.

Wall Street Analysts Forecast Growth

IPAR has been the subject of a number of recent research reports. DA Davidson reaffirmed a "buy" rating and issued a $170.00 target price on shares of Inter Parfums in a report on Tuesday, March 25th. Piper Sandler reaffirmed an "overweight" rating and issued a $138.00 price objective (down previously from $169.00) on shares of Inter Parfums in a research note on Thursday, April 24th. BWS Financial reiterated a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a research report on Monday, March 17th. Finally, Canaccord Genuity Group boosted their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $157.60.

Inter Parfums Trading Up 3.7 %

Shares of Inter Parfums stock traded up $3.98 during midday trading on Friday, reaching $113.02. The company had a trading volume of 246,291 shares, compared to its average volume of 178,150. The stock has a fifty day moving average price of $116.42 and a 200 day moving average price of $127.06. 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 firm has a market cap of $3.63 billion, a PE ratio of 24.25 and a beta of 1.15. Inter Parfums, Inc. has a fifty-two week low of $97.65 and a fifty-two week high of $148.15.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings results 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). Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm had revenue of $361.50 million for the quarter, compared to the consensus estimate of $361.56 million. On average, equities analysts anticipate that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.80 per share. This is an increase from Inter Parfums's previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums's dividend payout ratio (DPR) is presently 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.