Marshall Wace LLP Boosts Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Marshall Wace LLP boosted its position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 85.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,689 shares of the company's stock after buying an additional 6,766 shares during the period. Marshall Wace LLP's holdings in Inter Parfums were worth $1,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Inter Parfums by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company's stock worth $269,677,000 after acquiring an additional 20,721 shares during the period. Victory Capital Management Inc. boosted its position in Inter Parfums by 55.0% in the 4th quarter. Victory Capital Management Inc. now owns 563,646 shares of the company's stock worth $74,125,000 after purchasing an additional 200,079 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Inter Parfums by 23.3% during the 4th quarter. American Century Companies Inc. now owns 453,993 shares of the company's stock worth $59,705,000 after purchasing an additional 85,871 shares during the period. Invesco Ltd. grew its stake in shares of Inter Parfums by 4.1% during the 4th quarter. Invesco Ltd. now owns 362,518 shares of the company's stock worth $47,675,000 after purchasing an additional 14,254 shares during the period. Finally, Bahl & Gaynor Inc. increased its holdings in shares of Inter Parfums by 18.5% during the 4th quarter. Bahl & Gaynor Inc. now owns 321,845 shares of the company's stock valued at $42,326,000 after purchasing an additional 50,247 shares in the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Inter Parfums Price Performance

IPAR stock traded up $2.76 during trading on Friday, hitting $111.80. The stock had a trading volume of 29,726 shares, compared to its average volume of 177,056. Inter Parfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The company's 50-day moving average price is $116.94 and its two-hundred day moving average price is $126.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The stock has a market capitalization of $3.59 billion, a P/E ratio of 23.99 and a beta of 1.15.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued 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 firm had revenue of $361.50 million during the quarter, compared to analyst estimates of $361.56 million. As a group, research analysts predict that Inter Parfums, Inc. will post 5.14 EPS for the current fiscal year.

Inter Parfums Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.20 dividend on an annualized basis and a yield of 2.86%. Inter Parfums's dividend payout ratio is presently 62.87%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Canaccord Genuity Group raised 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. DA Davidson reaffirmed a "buy" rating and issued a $170.00 price target on shares of Inter Parfums in a report on Tuesday, March 25th. BWS Financial reiterated a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research report on Monday, March 17th. Finally, Piper Sandler restated an "overweight" rating and issued a $138.00 price objective (down from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average 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.