First Quadrant L P CA decreased its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 28.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,721 shares of the company’s stock after selling 3,444 shares during the period. First Quadrant L P CA’s holdings in Inter Parfums were worth $360,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Texas Permanent School Fund increased its stake in shares of Inter Parfums by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 12,516 shares of the company’s stock valued at $459,000 after purchasing an additional 129 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Inter Parfums by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 46,668 shares of the company’s stock valued at $1,710,000 after purchasing an additional 232 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Inter Parfums by 3.0% in the 1st quarter. Thrivent Financial For Lutherans now owns 9,580 shares of the company’s stock valued at $350,000 after purchasing an additional 280 shares during the last quarter. Strs Ohio increased its stake in shares of Inter Parfums by 1.5% in the 2nd quarter. Strs Ohio now owns 20,500 shares of the company’s stock valued at $751,000 after purchasing an additional 300 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Inter Parfums by 1.1% in the 1st quarter. Legal & General Group Plc now owns 28,664 shares of the company’s stock valued at $1,048,000 after purchasing an additional 323 shares during the last quarter. Institutional investors own 55.87% of the company’s stock.
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Several equities analysts have recently issued reports on the company. Sidoti lowered Inter Parfums from a “buy” rating to a “neutral” rating in a research note on Thursday. Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Thursday, October 26th. DA Davidson lowered Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research note on Thursday, October 26th. KeyCorp set a $44.00 price target on Inter Parfums and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, BidaskClub upgraded Inter Parfums from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Inter Parfums presently has a consensus rating of “Buy” and a consensus price target of $44.50.
Shares of Inter Parfums, Inc. (IPAR) opened at $43.90 on Monday. The firm has a market capitalization of $1,368.45, a price-to-earnings ratio of 33.01, a P/E/G ratio of 2.76 and a beta of 1.80. Inter Parfums, Inc. has a 52-week low of $29.40 and a 52-week high of $46.80. The company has a current ratio of 3.36, a quick ratio of 2.45 and a debt-to-equity ratio of 0.09.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $129.10 million for the quarter, compared to analyst estimates of $122.57 million. Inter Parfums had a return on equity of 8.12% and a net margin of 7.14%. Inter Parfums’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. analysts forecast that Inter Parfums, Inc. will post 1.3 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.55%. Inter Parfums’s dividend payout ratio is currently 52.31%.
In other Inter Parfums news, Director Torres Robert Bensoussan sold 6,000 shares of Inter Parfums stock in a transaction dated 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 filing with the SEC, which is available through this hyperlink. Also, Director Patrick Choel sold 750 shares of Inter Parfums stock in a transaction dated 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. Insiders have sold a total of 11,750 shares of company stock worth $480,483 in the last 90 days. 45.40% of the stock is currently owned by corporate insiders.
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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