Jane Street Group LLC Has $1.70 Million Stake in Inter Parfums, Inc. (NASDAQ:IPAR)

Jane Street Group LLC lessened its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 30.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,925 shares of the company's stock after selling 5,622 shares during the period. Jane Street Group LLC's holdings in Inter Parfums were worth $1,700,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in 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 worth $4,492,000 after purchasing an additional 25,862 shares during the period. Park Avenue Securities LLC grew its stake in Inter Parfums by 12.8% during the fourth quarter. Park Avenue Securities LLC now owns 2,872 shares of the company's stock worth $378,000 after buying an additional 326 shares in the last quarter. Annex Advisory Services LLC increased its holdings in Inter Parfums by 36.5% in the 4th quarter. Annex Advisory Services LLC now owns 118,390 shares of the company's stock valued at $15,569,000 after buying an additional 31,654 shares during the period. SG Americas Securities LLC increased its holdings in Inter Parfums by 282.6% in the 4th quarter. SG Americas Securities LLC now owns 7,506 shares of the company's stock valued at $987,000 after buying an additional 5,544 shares during the period. Finally, Blue Trust Inc. raised its position 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 buying an additional 167 shares in the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Inter Parfums Price Performance

IPAR stock traded up $0.96 during trading on Wednesday, reaching $131.00. 219,099 shares of the company were exchanged, compared to its average volume of 184,112. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 28.11 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 company has a 50-day moving average of $113.82 and a two-hundred day moving average of $127.08. Inter Parfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15.

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

Inter Parfums Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.80 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.20 annualized dividend and a dividend yield of 2.44%. This is an increase from Inter Parfums's previous quarterly dividend of $0.75. Inter Parfums's dividend payout ratio is currently 62.26%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Canaccord Genuity Group increased their price target on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Piper Sandler reaffirmed an "overweight" rating and issued a $138.00 target price (down previously from $169.00) on shares of Inter Parfums in a report on Thursday, April 24th. BWS Financial reissued a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a report on Wednesday, May 7th. Finally, DA Davidson restated a "buy" rating and set a $170.00 price objective on shares of Inter Parfums in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $157.60.

Insider Activity

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm's 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 43.90% of the stock is currently owned by insiders.

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.