Envestnet Portfolio Solutions Inc. Raises Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,816 shares of the company’s stock after buying an additional 124 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Inter Parfums were worth $239,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after buying an additional 81 shares in 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 last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Inter Parfums in the third quarter valued at about $104,000. Blue Trust Inc. lifted its stake in Inter Parfums by 25.7% during 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 period. Finally, Principal Securities Inc. raised its stake in shares of Inter Parfums by 15.1% during the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock valued at $174,000 after buying an additional 174 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

Analyst Upgrades and Downgrades

IPAR has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. DA Davidson reiterated a “buy” rating and issued a $170.00 price objective on shares of Inter Parfums in a report on Tuesday. Canaccord Genuity Group increased their price objective 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 restated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Monday, March 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.80.

Inter Parfums Stock Down 3.5 %

IPAR stock opened at $117.26 on Friday. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $148.15. The stock has a market cap of $3.77 billion, a P/E ratio of 25.16 and a beta of 1.18. 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 company’s 50 day moving average is $133.44 and its two-hundred day moving average is $129.78.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The business had revenue of $361.50 million during the quarter, compared to analyst estimates of $361.56 million. Research analysts expect that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.80 dividend. This is a boost from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums’s dividend payout ratio (DPR) is currently 62.87%.

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.