Inter Parfums, Inc. (IPAR) Position Increased by Stifel Financial Corp
Stifel Financial Corp raised its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 395,782 shares of the company’s stock after purchasing an additional 25,347 shares during the period. Stifel Financial Corp owned about 1.27% of Inter Parfums worth $16,335,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its holdings in Inter Parfums by 68.9% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock valued at $116,000 after acquiring an additional 1,296 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Inter Parfums by 78.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,380 shares of the company’s stock valued at $123,000 after purchasing an additional 1,490 shares during the period. Victory Capital Management Inc. increased its holdings in Inter Parfums by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock worth $150,000 after buying an additional 614 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Inter Parfums during the third quarter valued at approximately $218,000. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Inter Parfums by 68.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,500 shares of the company’s stock valued at $238,000 after purchasing an additional 2,640 shares during the last quarter. Institutional investors and hedge funds own 55.66% of the company’s stock.
IPAR has been the subject of a number of analyst reports. DA Davidson reissued a “buy” rating and set a $45.00 price objective (up from $44.00) on shares of Inter Parfums in a report on Thursday, August 10th. Zacks Investment Research lowered Inter Parfums from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. KeyCorp set a $44.00 target price on Inter Parfums and gave the stock a “buy” rating in a report on Monday, October 16th. Citigroup reiterated a “buy” rating and set a $45.00 price objective (up previously from $42.00) on shares of Inter Parfums in a report on Thursday, August 10th. Finally, BidaskClub upgraded Inter Parfums from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $44.00.
In related news, Director Torres Robert Bensoussan sold 6,000 shares of Inter Parfums stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $42.09, for a total transaction of $252,540.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Patrick Choel sold 750 shares of Inter Parfums stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $41.59, for a total value of $31,192.50. The disclosure for this sale can be found here. Company insiders own 45.40% of the company’s stock.
Inter Parfums, Inc. (IPAR) opened at $44.30 on Thursday. The stock has a market capitalization of $1,386.25, a P/E ratio of 32.68, a price-to-earnings-growth ratio of 2.80 and a beta of 1.77. The company has a quick ratio of 2.54, a current ratio of 3.39 and a debt-to-equity ratio of 0.07. Inter Parfums, Inc. has a fifty-two week low of $31.45 and a fifty-two week high of $46.80.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Inter Parfums had a return on equity of 8.06% and a net margin of 7.13%. The business had revenue of $169.50 million for the quarter, compared to analyst estimates of $160.52 million. During the same quarter in the prior year, the company earned $0.52 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. equities analysts expect that Inter Parfums, Inc. will post 1.29 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a dividend of $0.21 per share. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Thursday, December 28th. Inter Parfums’s dividend payout ratio (DPR) is 51.13%.
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Inter Parfums Company Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
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