Inter Parfums, Inc. (NASDAQ:IPAR) Shares Acquired by Legal & General Group Plc

Legal & General Group Plc lifted its holdings in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 7.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,264 shares of the company's stock after purchasing an additional 3,911 shares during the period. Legal & General Group Plc owned approximately 0.17% of Inter Parfums worth $7,005,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IPAR. GAMMA Investing LLC boosted its position in Inter Parfums by 55.9% in the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company's stock valued at $30,000 after buying an additional 81 shares during the period. SRH Advisors LLC boosted its holdings in Inter Parfums by 791.7% in the fourth quarter. SRH Advisors LLC now owns 535 shares of the company's stock valued at $70,000 after purchasing an additional 475 shares during the period. Blue Trust Inc. grew its stake in Inter Parfums by 25.7% during the 4th 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. Principal Securities Inc. increased its holdings in Inter Parfums by 15.1% during the 4th 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 period. Finally, Smartleaf Asset Management LLC raised its position in Inter Parfums by 23.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the company's stock valued at $215,000 after purchasing an additional 310 shares in the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Piper Sandler reissued an "overweight" rating and set a $138.00 price objective (down from $169.00) on shares of Inter Parfums in a research report on Thursday. DA Davidson reiterated a "buy" rating and set a $170.00 price target on shares of Inter Parfums in a report on Tuesday, March 25th. BWS Financial restated a "buy" rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Monday, March 17th. Finally, Canaccord Genuity Group boosted their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $157.60.

Inter Parfums Stock Up 1.7 %

Inter Parfums stock traded up $1.82 during mid-day trading on Thursday, hitting $109.48. The company had a trading volume of 68,384 shares, compared to its average volume of 174,814. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 23.44 and a beta of 1.15. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. Inter Parfums, Inc. has a 1 year low of $97.65 and a 1 year high of $148.15. The business has a fifty day moving average of $120.57 and a 200 day moving average of $127.70.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $361.56 million. On average, sell-side analysts expect that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.80 dividend. This is an increase from Inter Parfums's previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Friday, March 14th. Inter Parfums's payout ratio is presently 62.87%.

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.