Stifel Financial Corp Sells 5,340 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Stifel Financial Corp decreased its position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,019 shares of the company's stock after selling 5,340 shares during the period. Stifel Financial Corp owned approximately 0.05% of Inter Parfums worth $2,107,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Inter Parfums by 1.0% in the 4th 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 last quarter. Victory Capital Management Inc. raised its stake in shares of Inter Parfums by 55.0% in the fourth 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 during the last quarter. American Century Companies Inc. lifted its holdings in shares of Inter Parfums by 23.3% during the fourth quarter. American Century Companies Inc. now owns 453,993 shares of the company's stock valued at $59,705,000 after purchasing an additional 85,871 shares in the last quarter. Invesco Ltd. boosted its position in shares of Inter Parfums by 4.1% during the fourth quarter. Invesco Ltd. now owns 362,518 shares of the company's stock valued at $47,675,000 after buying an additional 14,254 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its holdings in Inter Parfums by 18.5% in the 4th quarter. Bahl & Gaynor Inc. now owns 321,845 shares of the company's stock worth $42,326,000 after buying an additional 50,247 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IPAR has been the topic of several research analyst reports. Piper Sandler restated an "overweight" rating and set a $138.00 target price (down previously from $169.00) on shares of Inter Parfums in a research note on Thursday, April 24th. DA Davidson restated a "buy" rating and issued a $170.00 target price on shares of Inter Parfums in a report on Tuesday, March 25th. Canaccord Genuity Group lifted their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, BWS Financial reissued a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a report on Wednesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $157.60.

Inter Parfums Stock Performance

NASDAQ IPAR traded down $0.86 during trading hours on Friday, hitting $118.96. 286,959 shares of the company's stock traded hands, compared to its average volume of 181,385. Inter Parfums, Inc. has a 52 week low of $97.65 and a 52 week high of $148.15. The firm has a market capitalization of $3.82 billion, a P/E ratio of 25.53 and a beta of 1.33. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The business's fifty day moving average price is $114.37 and its two-hundred day moving average price is $126.92.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.19. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm had revenue of $339.00 million during the quarter, compared to the consensus estimate of $329.21 million. During the same quarter in the previous year, the firm posted $1.27 EPS. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts predict that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Inter Parfums Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Friday, June 13th. Inter Parfums's dividend payout ratio (DPR) is currently 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.