Inter Parfums, Inc. (NASDAQ:IPAR) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 55.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 44,504 shares of the company's stock after purchasing an additional 15,837 shares during the period. New York State Common Retirement Fund owned 0.14% of Inter Parfums worth $6,409,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IPAR. Cerity Partners LLC purchased a new position in Inter Parfums in the fourth quarter valued at about $6,624,000. WCM Investment Management LLC grew its position in shares of Inter Parfums by 9.3% in the 4th quarter. WCM Investment Management LLC now owns 200,336 shares of the company's stock worth $29,592,000 after buying an additional 17,079 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Inter Parfums during the 3rd quarter worth approximately $2,199,000. Invesco Ltd. lifted its position in Inter Parfums by 94.4% during the third quarter. Invesco Ltd. now owns 276,433 shares of the company's stock valued at $37,136,000 after acquiring an additional 134,243 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Inter Parfums by 0.8% in the third quarter. Teacher Retirement System of Texas now owns 12,809 shares of the company's stock valued at $1,721,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 55.57% of the company's stock.

Inter Parfums Stock Performance

Inter Parfums stock traded up $0.55 during trading hours on Friday, hitting $119.11. 134,212 shares of the stock traded hands, compared to its average volume of 139,071. Inter Parfums, Inc. has a 1 year low of $114.88 and a 1 year high of $156.75. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 25.08 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.44. The firm's 50 day moving average price is $133.17 and its 200-day moving average price is $135.07.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). Inter Parfums had a net margin of 11.59% and a return on equity of 17.62%. The firm had revenue of $328.74 million during the quarter, compared to analysts' expectations of $329.00 million. During the same quarter in the prior year, the company earned $0.71 EPS. Inter Parfums's quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities analysts expect that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Inter Parfums Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Thursday, March 14th. This is a boost from Inter Parfums's previous quarterly dividend of $0.63. Inter Parfums's payout ratio is 63.16%.

Analyst Ratings Changes

Several analysts have recently commented on the company. DA Davidson reiterated a "buy" rating and set a $192.00 price objective on shares of Inter Parfums in a report on Friday, April 26th. Piper Sandler lowered their price target on Inter Parfums from $176.00 to $172.00 and set an "overweight" rating for the company in a report on Thursday, April 25th. Finally, BWS Financial restated a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a report on Wednesday, April 17th.

Insider Transactions at Inter Parfums

In other Inter Parfums news, Director Gilbert Harrison sold 250 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $150.42, for a total value of $37,605.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company's stock, valued at $150,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 43.90% of the company's stock.

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.