Inter Parfums, Inc. (NASDAQ:IPAR) Shares Purchased by US Bancorp DE

US Bancorp DE boosted its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 12.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,872 shares of the company’s stock after purchasing an additional 746 shares during the period. US Bancorp DE’s holdings in Inter Parfums were worth $890,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Moody Aldrich Partners LLC increased its holdings in Inter Parfums by 34.4% in the 3rd quarter. Moody Aldrich Partners LLC now owns 38,157 shares of the company’s stock valued at $4,941,000 after purchasing an additional 9,774 shares in the last quarter. Berry Wealth Group LP boosted its position in Inter Parfums by 18.8% in the 3rd quarter. Berry Wealth Group LP now owns 2,197 shares of the company’s stock valued at $284,000 after buying an additional 347 shares during the last quarter. Blue Trust Inc. boosted its position in Inter Parfums by 83.4% in the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after buying an additional 296 shares during the last quarter. Creative Planning boosted its position in Inter Parfums by 36.3% in the 3rd quarter. Creative Planning now owns 3,104 shares of the company’s stock valued at $402,000 after buying an additional 826 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its position in Inter Parfums by 32.4% in the 3rd quarter. Annex Advisory Services LLC now owns 86,736 shares of the company’s stock valued at $11,231,000 after buying an additional 21,211 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Inter Parfums Stock Performance

Shares of IPAR stock opened at $128.23 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58. Inter Parfums, Inc. has a one year low of $108.39 and a one year high of $156.75. The company’s 50-day simple moving average is $122.32 and its 200-day simple moving average is $122.37. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 27.52 and a beta of 1.16.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.72%. The business had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. During the same quarter last year, the company posted $1.66 earnings per share. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities analysts anticipate that Inter Parfums, Inc. will post 5.17 earnings per share for the current fiscal year.

Inter Parfums Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.75 dividend. The ex-dividend date is Monday, December 16th. This represents a $3.00 dividend on an annualized basis and a yield of 2.34%. Inter Parfums’s dividend payout ratio is currently 64.38%.

Insiders Place Their Bets

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.96, for a total value of $188,940.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 43.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Piper Sandler reissued an “overweight” rating and issued a $151.00 price objective (up from $150.00) on shares of Inter Parfums in a research report on Tuesday, July 23rd. BWS Financial reissued a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research report on Wednesday, October 23rd. StockNews.com raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, DA Davidson reissued a “buy” rating and issued a $163.00 price objective on shares of Inter Parfums in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $156.50.

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.