Mesirow Institutional Investment Management Inc. lessened its position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 46.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,170 shares of the company's stock after selling 51,705 shares during the quarter. Mesirow Institutional Investment Management Inc. owned about 0.18% of Inter Parfums worth $7,781,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of IPAR. GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 81 shares in the last quarter. SRH Advisors LLC boosted its position in Inter Parfums by 791.7% in the 4th quarter. SRH Advisors LLC now owns 535 shares of the company's stock valued at $70,000 after buying an additional 475 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Inter Parfums by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock valued at $105,000 after buying an additional 400 shares during the period. Blue Trust Inc. raised its position 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 acquiring an additional 167 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in Inter Parfums by 15.1% in the fourth quarter. Principal Securities Inc. now owns 1,323 shares of the company's stock valued at $174,000 after acquiring an additional 174 shares during the last quarter. 55.57% of the stock is owned by institutional investors.
Inter Parfums Stock Up 0.6 %
NASDAQ IPAR traded up $0.68 during mid-day trading on Friday, hitting $107.94. The company's stock had a trading volume of 206,990 shares, compared to its average volume of 176,216. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 23.16 and a beta of 1.15. The company's 50 day simple moving average is $119.56 and its 200 day simple moving average is $127.46. Inter Parfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14.
Inter Parfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.05). The firm had revenue of $361.50 million for the quarter, compared to the consensus estimate of $361.56 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. 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 announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.80 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.20 dividend on an annualized basis and a yield of 2.96%. This is a positive change from Inter Parfums's previous quarterly dividend of $0.75. Inter Parfums's dividend payout ratio is currently 62.87%.
Analyst Ratings Changes
Several research firms have recently issued reports on IPAR. BWS Financial restated a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a research report on Monday, March 17th. Canaccord Genuity Group upped their price objective on Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Piper Sandler reaffirmed an "overweight" rating and set a $138.00 price target (down previously from $169.00) on shares of Inter Parfums in a research report on Thursday. Finally, DA Davidson restated a "buy" rating and set a $170.00 target price on shares of Inter Parfums in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $157.60.
Read Our Latest Stock Analysis on Inter Parfums
Inter Parfums Company Profile
(
Free Report)
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.
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