Strs Ohio lessened its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,300 shares of the company’s stock after selling 1,200 shares during the quarter. Strs Ohio owned approximately 0.06% of Inter Parfums worth $796,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in IPAR. Atlanta Capital Management Co. L L C grew its position in Inter Parfums by 14.0% during the second quarter. Atlanta Capital Management Co. L L C now owns 1,168,496 shares of the company’s stock valued at $42,825,000 after buying an additional 143,072 shares during the period. Systematic Financial Management LP grew its position in Inter Parfums by 227.9% during the second quarter. Systematic Financial Management LP now owns 178,344 shares of the company’s stock valued at $6,536,000 after buying an additional 123,954 shares during the period. Royce & Associates LP grew its position in Inter Parfums by 20.4% during the second quarter. Royce & Associates LP now owns 600,255 shares of the company’s stock valued at $21,999,000 after buying an additional 101,565 shares during the period. Renaissance Technologies LLC grew its position in Inter Parfums by 37.1% during the second quarter. Renaissance Technologies LLC now owns 343,713 shares of the company’s stock valued at $12,597,000 after buying an additional 93,100 shares during the period. Finally, Fort Pitt Capital Group LLC grew its position in Inter Parfums by 31.6% during the second quarter. Fort Pitt Capital Group LLC now owns 386,988 shares of the company’s stock valued at $14,183,000 after buying an additional 92,965 shares during the period. Institutional investors own 55.87% of the company’s stock.
Several analysts have recently issued reports on IPAR shares. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a research report on Thursday, July 20th. BidaskClub upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $44.50.
Shares of Inter Parfums, Inc. (IPAR) opened at $43.90 on Monday. Inter Parfums, Inc. has a 52-week low of $29.40 and a 52-week high of $46.80. The stock has a market cap of $1,368.45, a PE ratio of 33.01, a PEG ratio of 2.76 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.36 and a quick ratio of 2.45.
Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Monday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Inter Parfums had a net margin of 7.14% and a return on equity of 8.12%. The business had revenue of $129.10 million for the quarter, compared to analyst estimates of $122.57 million. During the same quarter last year, the business earned $0.19 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. sell-side analysts forecast that Inter Parfums, Inc. will post 1.3 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a $0.17 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.55%. Inter Parfums’s dividend payout ratio (DPR) is 52.31%.
In related news, Director Patrick Choel sold 750 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $41.59, for a total transaction of $31,192.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Russell Greenberg sold 2,500 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $39.10, for a total transaction of $97,750.00. Following the transaction, the chief financial officer now owns 5,500 shares in the company, valued at $215,050. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,750 shares of company stock worth $480,483. Company insiders own 45.40% of the company’s stock.
Inter Parfums 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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