Inter Parfums, Inc. (NASDAQ:IPAR) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 72.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 70,144 shares of the company’s stock after acquiring an additional 29,427 shares during the period. Sei Investments Co. owned about 0.22% of Inter Parfums worth $9,225,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after purchasing an additional 81 shares during the last quarter. SRH Advisors LLC raised its holdings in Inter Parfums by 791.7% during the 4th 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. Northwest & Ethical Investments L.P. purchased a new stake in Inter Parfums during the third quarter valued at about $104,000. Blue Trust Inc. boosted its holdings in shares of Inter Parfums by 25.7% in the fourth quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $106,000 after buying an additional 167 shares during the period. Finally, Principal Securities Inc. increased its position in shares of 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 acquiring an additional 174 shares in the last quarter. 55.57% of the stock is owned by institutional investors.

Inter Parfums Stock Down 3.5 %

Shares of Inter Parfums stock opened at $117.26 on Monday. The stock has a 50-day simple moving average of $133.44 and a 200-day simple moving average of $129.88. Inter Parfums, Inc. has a 52-week low of $108.39 and a 52-week high of $148.15. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 25.16 and a beta of 1.18. 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) last posted its earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $361.50 million during the quarter, compared to the consensus estimate of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. On average, equities research analysts expect that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.80 per share. 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 dividend on an annualized basis and a dividend yield of 2.73%. Inter Parfums’s dividend payout ratio is currently 62.87%.

Analysts Set New Price Targets

IPAR has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Inter Parfums in a research note on Tuesday, March 25th. Canaccord Genuity Group lifted their price target on Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, February 27th. BWS Financial reissued a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Monday, March 17th. Finally, Piper Sandler lifted their target price on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Inter Parfums presently has an average rating of “Moderate Buy” and a consensus target price 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.