Northern Trust Corp lowered its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 403,914 shares of the company's stock after selling 27,701 shares during the period. Northern Trust Corp owned about 1.26% of Inter Parfums worth $53,119,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company's stock worth $30,000 after purchasing an additional 81 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in Inter Parfums by 210.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock valued at $67,000 after acquiring an additional 347 shares during the period. SRH Advisors LLC increased 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 during the period. Canada Pension Plan Investment Board increased its position in Inter Parfums by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock valued at $105,000 after acquiring an additional 400 shares during the period. Finally, Blue Trust Inc. increased its position in 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 period. Institutional investors and hedge funds own 55.57% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on IPAR. BWS Financial restated a "buy" rating and issued a $172.00 price target on shares of Inter Parfums in a research report on Wednesday, May 7th. DA Davidson restated a "buy" rating and issued a $170.00 price target on shares of Inter Parfums in a research report on Tuesday, March 25th. Piper Sandler restated an "overweight" rating and issued a $138.00 price target (down previously from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. Finally, Canaccord Genuity Group boosted their price target on Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $157.60.
View Our Latest Stock Report on Inter Parfums
Inter Parfums Stock Performance
IPAR traded down $0.82 during trading on Tuesday, reaching $122.03. The company's stock had a trading volume of 28,206 shares, compared to its average volume of 182,178. Inter Parfums, Inc. has a 52-week low of $97.65 and a 52-week high of $148.15. The company's fifty day moving average price is $114.16 and its 200-day moving average price is $126.97. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 26.19 and a beta of 1.33. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82.
Inter Parfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.19. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company had revenue of $339.00 million for the quarter, compared to analyst estimates of $329.21 million. During the same quarter in the previous year, the company earned $1.27 EPS. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts forecast that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.
Inter Parfums Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, June 13th. Inter Parfums's dividend payout ratio (DPR) is 62.26%.
Inter Parfums Profile
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Free Report)
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.
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