Envestnet Asset Management Inc. Has $14.57 Million Stake in Inter Parfums, Inc. (NASDAQ:IPAR)

Envestnet Asset Management Inc. lessened its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,810 shares of the company's stock after selling 12,127 shares during the period. Envestnet Asset Management Inc. owned approximately 0.35% of Inter Parfums worth $14,573,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of IPAR. GAMMA Investing LLC lifted its stake in Inter Parfums by 55.9% in the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company's stock valued at $30,000 after buying an additional 81 shares in 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 valued at $70,000 after acquiring an additional 475 shares in the last quarter. Blue Trust Inc. boosted its stake 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 purchasing an additional 167 shares during the period. Principal Securities Inc. increased its holdings in Inter Parfums by 15.1% during the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company's stock worth $174,000 after purchasing an additional 174 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Inter Parfums by 23.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the company's stock valued at $215,000 after purchasing an additional 310 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Inter Parfums Stock Up 0.7 %

Shares of NASDAQ IPAR traded up $0.72 during trading hours on Tuesday, hitting $105.76. The company had a trading volume of 263,819 shares, compared to its average volume of 174,972. Inter Parfums, Inc. has a 1-year low of $97.65 and a 1-year high of $148.15. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The firm's 50 day moving average is $121.25 and its 200-day moving average is $127.86. The stock has a market capitalization of $3.40 billion, a P/E ratio of 22.70 and a beta of 1.15.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.05). The firm had revenue of $361.50 million during the quarter, compared to the consensus estimate of $361.56 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. On average, analysts expect that Inter Parfums, Inc. will post 5.14 earnings per share 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. This is an increase from Inter Parfums's previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums's payout ratio is currently 62.87%.

Analyst Ratings Changes

A number of research analysts recently issued reports on IPAR shares. BWS Financial reiterated a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a report on Monday, March 17th. Canaccord Genuity Group raised their price target on shares of 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 reissued a "buy" rating and issued a $170.00 price objective on shares of Inter Parfums in a research report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Inter Parfums currently has an average rating of "Moderate Buy" and a consensus price target of $162.80.

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.