Invesco Ltd. Acquires 14,254 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Invesco Ltd. boosted its position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 362,518 shares of the company's stock after buying an additional 14,254 shares during the quarter. Invesco Ltd. owned approximately 1.13% of Inter Parfums worth $47,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in 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 during the period. Envestnet Portfolio Solutions Inc. grew its stake in Inter Parfums by 7.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company's stock valued at $239,000 after buying an additional 124 shares in the last quarter. Level Four Advisory Services LLC raised its holdings in Inter Parfums by 1.9% during the 4th quarter. Level Four Advisory Services LLC now owns 8,101 shares of the company's stock valued at $1,065,000 after acquiring an additional 154 shares during the period. Blue Trust Inc. grew its holdings in shares of Inter Parfums by 25.7% during the fourth quarter. Blue Trust Inc. now owns 818 shares of the company's stock worth $106,000 after purchasing an additional 167 shares in the last quarter. Finally, Principal Securities Inc. increased its position in shares of Inter Parfums by 15.1% in the fourth quarter. Principal Securities Inc. now owns 1,323 shares of the company's stock worth $174,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company's stock.

Inter Parfums Stock Down 1.1 %

Shares of NASDAQ:IPAR traded down $1.18 during midday trading on Monday, reaching $102.85. The company's stock had a trading volume of 9,172 shares, compared to its average volume of 173,689. 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 has a 50 day moving average of $121.87 and a 200-day moving average of $127.99. Inter Parfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15. The firm has a market capitalization of $3.30 billion, a P/E ratio of 22.07 and a beta of 1.15.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.05). The company had revenue of $361.50 million during the quarter, compared to analysts' expectations of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. On average, research analysts anticipate that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.80 dividend. 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 dividend yield of 3.11%. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums's dividend payout ratio (DPR) is 62.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IPAR shares. BWS Financial reissued a "buy" rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Monday, March 17th. DA Davidson reaffirmed a "buy" rating and set a $170.00 price target on shares of Inter Parfums in a research note on Tuesday, March 25th. Finally, Canaccord Genuity Group boosted their target price on Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Inter Parfums currently has a consensus rating of "Moderate Buy" and an average price target of $162.80.

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.