Tower Research Capital LLC TRC lessened its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 58.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,820 shares of the company's stock after selling 2,565 shares during the period. Tower Research Capital LLC TRC's holdings in Inter Parfums were worth $239,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in shares of Inter Parfums by 55.9% in the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company's stock worth $30,000 after acquiring an additional 81 shares during the last quarter. SRH Advisors LLC raised its holdings in shares of Inter Parfums by 791.7% in the fourth quarter. SRH Advisors LLC now owns 535 shares of the company's stock worth $70,000 after buying an additional 475 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Inter Parfums by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company's stock worth $105,000 after acquiring an additional 400 shares during the last quarter. Blue Trust Inc. grew its position in Inter Parfums by 25.7% in the 4th quarter. Blue Trust Inc. now owns 818 shares of the company's stock valued at $106,000 after acquiring an additional 167 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in Inter Parfums by 15.1% in the fourth quarter. Principal Securities Inc. now owns 1,323 shares of the company's stock worth $174,000 after purchasing an additional 174 shares during the period. 55.57% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. DA Davidson reiterated a "buy" rating and set a $170.00 price objective on shares of Inter Parfums in a report on Tuesday, March 25th. BWS Financial restated a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a report on Wednesday. Canaccord Genuity Group upped their target price on Inter Parfums from $158.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Piper Sandler restated an "overweight" rating and set a $138.00 price target (down previously from $169.00) on shares of Inter Parfums in a research note on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Inter Parfums presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.60.
Read Our Latest Research Report on Inter Parfums
Inter Parfums Stock Down 0.7 %
NASDAQ IPAR traded down $0.86 during midday trading on Friday, hitting $118.96. 286,959 shares of the company 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 company's 50-day simple moving average is $114.37 and its 200-day simple moving average is $126.92. The company has a market cap of $3.82 billion, a PE ratio of 25.53 and a beta of 1.33. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60.
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 for the quarter, topping analysts' consensus estimates of $1.13 by $0.19. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm had revenue of $339.00 million during the quarter, compared to analysts' expectations of $329.21 million. During the same period in the prior year, the business posted $1.27 EPS. The firm's quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities research analysts forecast that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.
Inter Parfums Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.20 annualized dividend and a dividend yield of 2.69%. Inter Parfums's dividend payout ratio (DPR) is presently 62.87%.
Inter Parfums Profile
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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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