Inter Parfums, Inc. (NASDAQ:IPAR) Stock Holdings Reduced by Northern Trust Corp

Northern Trust Corp decreased its stake in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 403,914 shares of the company's stock after selling 27,701 shares during the period. Northern Trust Corp owned 1.26% of Inter Parfums worth $53,119,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Barclays PLC increased its position in Inter Parfums by 293.0% in the 3rd quarter. Barclays PLC now owns 34,689 shares of the company's stock valued at $4,492,000 after acquiring an additional 25,862 shares during the period. GAMMA Investing LLC increased its holdings in shares of Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company's stock valued at $30,000 after purchasing an additional 81 shares during the period. Park Avenue Securities LLC raised its stake in shares of Inter Parfums by 12.8% during the fourth quarter. Park Avenue Securities LLC now owns 2,872 shares of the company's stock valued at $378,000 after purchasing an additional 326 shares in the last quarter. Annex Advisory Services LLC raised its stake in shares of Inter Parfums by 36.5% during the fourth quarter. Annex Advisory Services LLC now owns 118,390 shares of the company's stock valued at $15,569,000 after purchasing an additional 31,654 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Inter Parfums by 282.6% in the fourth quarter. SG Americas Securities LLC now owns 7,506 shares of the company's stock worth $987,000 after purchasing an additional 5,544 shares during the period. Institutional investors own 55.57% of the company's stock.

Inter Parfums Price Performance

Shares of IPAR traded down $0.86 during trading hours on Friday, hitting $118.96. 286,959 shares of the company were exchanged, compared to its average volume of 181,385. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. Inter Parfums, Inc. has a one year low of $97.65 and a one year high of $148.15. The company has a market capitalization of $3.82 billion, a PE ratio of 25.53 and a beta of 1.33. The firm has a fifty day simple moving average of $114.37 and a 200-day simple moving average of $126.92.

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

Inter Parfums Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, June 13th. This represents a $3.20 dividend on an annualized basis and a yield of 2.69%. Inter Parfums's payout ratio is presently 62.26%.

Analysts Set New Price Targets

A number of research firms have commented on IPAR. DA Davidson restated a "buy" rating and set 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 target price (down from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. Canaccord Genuity Group lifted 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. Finally, BWS Financial restated a "buy" rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $157.60.

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.