OxFORD Asset Management LLP purchased a new position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,840 shares of the company’s stock, valued at approximately $904,000. OxFORD Asset Management LLP owned about 0.07% of Inter Parfums at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Nationwide Fund Advisors boosted its position in Inter Parfums by 20.2% during the second quarter. Nationwide Fund Advisors now owns 34,850 shares of the company’s stock worth $1,277,000 after acquiring an additional 5,856 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Inter Parfums during the second quarter worth about $1,012,000. AHL Partners LLP acquired a new position in Inter Parfums during the second quarter worth about $242,000. Eagle Asset Management Inc. boosted its position in Inter Parfums by 6.1% during the second quarter. Eagle Asset Management Inc. now owns 472,085 shares of the company’s stock worth $17,301,000 after acquiring an additional 26,997 shares during the last quarter. Finally, Royce & Associates LP boosted 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 worth $21,999,000 after acquiring an additional 101,565 shares during the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.
IPAR has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. KeyCorp set a $44.00 target price on shares of Inter Parfums and gave the stock a “buy” rating in a research note on Monday, October 16th. BidaskClub raised shares of Inter Parfums from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. DA Davidson downgraded shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research note on Thursday, October 26th. Finally, Sidoti downgraded shares of Inter Parfums from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. Three equities research 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. The stock has an average rating of “Buy” and a consensus target price of $44.00.
Inter Parfums, Inc. (NASDAQ:IPAR) opened at $43.90 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39. Inter Parfums, Inc. has a 52 week low of $31.45 and a 52 week high of $46.80. The company has a market cap of $1,370.00, a PE ratio of 33.51, a price-to-earnings-growth ratio of 2.83 and a beta of 1.78.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The company had revenue of $169.50 million for the quarter, compared to the consensus estimate of $160.52 million. During the same period in the previous year, the firm earned $0.52 earnings per share. Inter Parfums’s quarterly revenue was up 7.6% compared to the same quarter last year. equities analysts predict that Inter Parfums, Inc. will post 1.29 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.91%. This is an increase from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, December 28th. Inter Parfums’s payout ratio is 51.91%.
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About Inter Parfums
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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