Vanguard Group Inc. Boosts Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Vanguard Group Inc. raised its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,050,621 shares of the company’s stock after purchasing an additional 20,721 shares during the period. Vanguard Group Inc. owned 6.40% of Inter Parfums worth $269,677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Inter Parfums by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 190,331 shares of the company’s stock valued at $24,644,000 after buying an additional 1,129 shares during the last quarter. FMR LLC raised its stake in Inter Parfums by 13.3% in the 3rd quarter. FMR LLC now owns 3,365 shares of the company’s stock valued at $436,000 after acquiring an additional 395 shares during the period. Edgestream Partners L.P. purchased a new stake in Inter Parfums during the third quarter valued at about $660,000. Benjamin Edwards Inc. boosted its position in Inter Parfums by 20.6% during the third quarter. Benjamin Edwards Inc. now owns 3,166 shares of the company’s stock worth $410,000 after purchasing an additional 540 shares during the period. Finally, Holocene Advisors LP bought a new position in Inter Parfums during the third quarter worth about $732,000. 55.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. DA Davidson restated a “buy” rating and set a $170.00 price target on shares of Inter Parfums in a research note on Tuesday, March 25th. Canaccord Genuity Group increased their target price on 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 reaffirmed a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and five have assigned 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 $162.80.

Inter Parfums Trading Down 2.4 %

Shares of IPAR stock opened at $104.12 on Friday. Inter Parfums, Inc. has a 52-week low of $100.92 and a 52-week high of $148.15. The business’s fifty day moving average is $130.32 and its 200 day moving average is $129.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. The company has a market capitalization of $3.34 billion, a PE ratio of 22.34 and a beta of 1.18.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 earnings per share 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 analysts’ expectations of $361.56 million. On average, equities research analysts anticipate that Inter Parfums, Inc. will post 5.14 EPS 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 given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.20 annualized dividend and a dividend yield of 3.07%. This is a boost from Inter Parfums’s previous quarterly dividend of $0.75. Inter Parfums’s dividend payout ratio (DPR) is 62.87%.

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.