Jefferies Financial Group Inc. Acquires New Shares in Inter Parfums, Inc. (NASDAQ:IPAR)

Jefferies Financial Group Inc. purchased a new position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,214 shares of the company's stock, valued at approximately $1,606,000.

Several other institutional investors also recently modified their holdings of IPAR. GAMMA Investing LLC boosted its stake in shares of Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company's stock worth $30,000 after acquiring an additional 81 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Inter Parfums by 1.7% during the fourth quarter. Cetera Investment Advisers now owns 5,796 shares of the company's stock valued at $762,000 after purchasing an additional 96 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Inter Parfums by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,907 shares of the company's stock valued at $251,000 after purchasing an additional 121 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Inter Parfums by 7.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company's stock worth $239,000 after buying an additional 124 shares during the period. Finally, Level Four Advisory Services LLC boosted its holdings in shares of Inter Parfums by 1.9% in the fourth quarter. Level Four Advisory Services LLC now owns 8,101 shares of the company's stock worth $1,065,000 after buying an additional 154 shares during the period. Institutional investors own 55.57% of the company's stock.

Inter Parfums Stock Up 0.6%

Shares of NASDAQ IPAR traded up $0.76 during mid-day trading on Tuesday, reaching $128.93. The company had a trading volume of 16,696 shares, compared to its average volume of 183,384. The stock's 50 day moving average is $113.71 and its 200-day moving average is $127.06. Inter Parfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The stock has a market capitalization of $4.14 billion, a PE ratio of 27.67 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 posted its earnings results on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.19. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The business had revenue of $339.00 million for the quarter, compared to analyst estimates of $329.21 million. During the same period last year, the business posted $1.27 EPS. Inter Parfums's revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts anticipate that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.80 per share. This is a positive change from Inter Parfums's previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums's payout ratio is 62.26%.

Insider Activity at Inter Parfums

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the 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 transaction 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.

Analyst Ratings Changes

Several brokerages recently commented on IPAR. Canaccord Genuity Group upped their price target on shares of Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Piper Sandler restated 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 reiterated 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 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, Inter Parfums presently has a consensus rating of "Moderate Buy" and an average price target of $157.60.

Inter Parfums 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.