JPMorgan Chase & Co. Increases Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

JPMorgan Chase & Co. grew its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 32.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,816 shares of the company's stock after acquiring an additional 32,741 shares during the period. JPMorgan Chase & Co. owned 0.42% of Inter Parfums worth $17,598,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in Inter Parfums by 13.3% in the third quarter. FMR LLC now owns 3,365 shares of the company's stock worth $436,000 after acquiring an additional 395 shares in the last quarter. HighTower Advisors LLC boosted its position in Inter Parfums by 15.7% in the third quarter. HighTower Advisors LLC now owns 2,966 shares of the company's stock worth $384,000 after purchasing an additional 403 shares during the last quarter. State Street Corp increased its holdings in Inter Parfums by 0.3% during the third quarter. State Street Corp now owns 676,253 shares of the company's stock worth $87,561,000 after buying an additional 2,255 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in Inter Parfums in the third quarter valued at approximately $233,000. Finally, MML Investors Services LLC increased its holdings in Inter Parfums by 6.7% in the 3rd quarter. MML Investors Services LLC now owns 9,383 shares of the company's stock worth $1,215,000 after acquiring an additional 590 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on IPAR. Canaccord Genuity Group increased their target price on Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. 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. Finally, BWS Financial restated a "buy" rating and issued a $172.00 target price on shares of Inter Parfums in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Inter Parfums currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.80.

Inter Parfums Trading Up 1.3 %

NASDAQ:IPAR traded up $1.34 during mid-day trading on Thursday, reaching $103.79. 19,803 shares of the company's stock traded hands, compared to its average volume of 241,065. 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 12-month low of $97.65 and a 12-month high of $148.15. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 22.27 and a beta of 1.15. The company has a 50 day moving average price of $123.19 and a 200-day moving average price of $128.30.

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

Inter Parfums Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.80 per share. The ex-dividend date was Friday, March 14th. This represents a $3.20 annualized dividend and a yield of 3.08%. This is a positive change from Inter Parfums's previous quarterly dividend of $0.75. Inter Parfums's payout ratio is presently 62.87%.

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.