HighTower Advisors LLC Has $450,000 Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

HighTower Advisors LLC increased its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 15.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,418 shares of the company’s stock after purchasing an additional 452 shares during the quarter. HighTower Advisors LLC’s holdings in Inter Parfums were worth $450,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IPAR. Edgestream Partners L.P. lifted its stake in shares of Inter Parfums by 677.2% in the fourth quarter. Edgestream Partners L.P. now owns 39,598 shares of the company’s stock worth $5,208,000 after buying an additional 34,503 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Inter Parfums during the 4th quarter worth $39,070,000. Victory Capital Management Inc. lifted its position in Inter Parfums by 55.0% during the 4th quarter. Victory Capital Management Inc. now owns 563,646 shares of the company’s stock worth $74,125,000 after acquiring an additional 200,079 shares during the last quarter. Keybank National Association OH boosted its holdings in Inter Parfums by 47.8% during the fourth quarter. Keybank National Association OH now owns 2,940 shares of the company’s stock valued at $387,000 after acquiring an additional 951 shares during the period. Finally, Bahl & Gaynor Inc. grew its position in shares of Inter Parfums by 18.5% in the fourth quarter. Bahl & Gaynor Inc. now owns 321,845 shares of the company’s stock valued at $42,326,000 after purchasing an additional 50,247 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

Inter Parfums Price Performance

Shares of NASDAQ:IPAR opened at $117.26 on Monday. The business’s 50 day moving average is $133.44 and its 200-day moving average is $129.88. 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 firm has a market capitalization of $3.77 billion, a PE ratio of 25.16 and a beta of 1.18. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $148.15.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $361.56 million. Sell-side analysts predict that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Piper Sandler boosted their price objective on Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. BWS Financial reissued a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research report on Monday, March 17th. Canaccord Genuity Group boosted 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, DA Davidson reiterated a “buy” rating and set a $170.00 target price on shares of Inter Parfums in a research note on Tuesday, March 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $162.80.

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.