Van Hulzen Asset Management LLC Buys New Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Van Hulzen Asset Management LLC bought a new position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,493 shares of the company's stock, valued at approximately $935,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IPAR. Cerity Partners LLC acquired a new stake in Inter Parfums in the 4th quarter valued at about $6,624,000. WCM Investment Management LLC raised its holdings in Inter Parfums by 9.3% during 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 period. State of New Jersey Common Pension Fund D raised its holdings in Inter Parfums by 13.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 20,412 shares of the company's stock worth $2,940,000 after buying an additional 2,461 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Inter Parfums during the 3rd quarter worth about $2,199,000. Finally, Invesco Ltd. raised its holdings in Inter Parfums by 94.4% during the 3rd quarter. Invesco Ltd. now owns 276,433 shares of the company's stock worth $37,136,000 after buying an additional 134,243 shares during the period. 55.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on IPAR shares. BWS Financial restated a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a report on Thursday. DA Davidson reiterated a "buy" rating and issued a $192.00 target price on shares of Inter Parfums in a report on Thursday. Finally, Piper Sandler dropped their target price on Inter Parfums from $176.00 to $172.00 and set an "overweight" rating on the stock in a report on Thursday, April 25th.

Inter Parfums Stock Up 1.2 %

NASDAQ:IPAR traded up $1.43 during mid-day trading on Friday, reaching $122.02. The stock had a trading volume of 134,894 shares, compared to its average volume of 163,399. The business's 50 day moving average is $130.38 and its 200 day moving average is $134.86. Inter Parfums, Inc. has a fifty-two week low of $114.71 and a fifty-two week high of $156.75. The stock has a market cap of $3.91 billion, a P/E ratio of 28.12 and a beta of 1.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.75 and a quick ratio of 1.44.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.29). Inter Parfums had a return on equity of 15.85% and a net margin of 10.50%. The firm had revenue of $323.96 million during the quarter, compared to analyst estimates of $324.00 million. During the same quarter in the prior year, the company posted $1.68 EPS. The company's quarterly revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts predict that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Inter Parfums Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.46%. Inter Parfums's payout ratio is currently 69.12%.

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.