Smartleaf Asset Management LLC Raises Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Smartleaf Asset Management LLC lifted its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 23.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,650 shares of the company’s stock after acquiring an additional 310 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Inter Parfums were worth $215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of IPAR. GAMMA Investing LLC raised its holdings in Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after purchasing an additional 81 shares during the last quarter. SRH Advisors LLC raised its stake in shares of 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 last quarter. Northwest & Ethical Investments L.P. purchased a new stake in shares of Inter Parfums in the 3rd quarter worth about $104,000. Blue Trust Inc. grew its stake in Inter Parfums by 25.7% in 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 last quarter. Finally, Principal Securities Inc. grew its stake in Inter Parfums by 15.1% in the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock valued at $174,000 after acquiring an additional 174 shares during the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Inter Parfums Stock Up 0.3 %

Shares of NASDAQ IPAR opened at $133.10 on Thursday. The firm has a market cap of $4.26 billion, a P/E ratio of 28.56 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. Inter Parfums, Inc. has a 1 year low of $108.39 and a 1 year high of $148.15. The firm’s 50 day moving average price is $136.03 and its 200 day moving average price is $129.82.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data 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). The business had revenue of $361.50 million for the quarter, compared to analyst estimates of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. As a group, sell-side analysts anticipate that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from Inter Parfums’s previous quarterly dividend of $0.75. Inter Parfums’s dividend payout ratio is currently 62.87%.

Analysts Set New Price Targets

IPAR has been the topic of several recent research reports. DA Davidson upped their price target on shares of Inter Parfums from $163.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Canaccord Genuity Group upped their target price on Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Piper Sandler increased their target price on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $162.80.

About Inter Parfums

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.