PAX Financial Group LLC Buys Shares of 5,110 Inter Parfums, Inc. (NASDAQ:IPAR)

PAX Financial Group LLC bought a new stake in shares of Inter Parfums, Inc. (NASDAQ:IPARGet Rating) during the first quarter, HoldingsChannel reports. The fund bought 5,110 shares of the company’s stock, valued at approximately $450,000.

A number of other large investors have also recently bought and sold shares of IPAR. Allspring Global Investments Holdings LLC acquired a new stake in Inter Parfums during the 4th quarter valued at $1,618,000. Commonwealth Equity Services LLC grew its holdings in Inter Parfums by 4.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,076 shares of the company’s stock valued at $328,000 after buying an additional 125 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Inter Parfums by 43.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,169 shares of the company’s stock valued at $232,000 after buying an additional 656 shares during the last quarter. Sigma Planning Corp acquired a new stake in Inter Parfums during the 4th quarter valued at $220,000. Finally, KBC Group NV acquired a new stake in Inter Parfums during the 4th quarter valued at $468,000. Institutional investors and hedge funds own 57.42% of the company’s stock.

Inter Parfums Price Performance

IPAR stock opened at $85.29 on Wednesday. Inter Parfums, Inc. has a 52-week low of $64.52 and a 52-week high of $108.35. The stock’s fifty day simple moving average is $75.76 and its 200-day simple moving average is $81.40. The company has a quick ratio of 1.76, a current ratio of 2.89 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 27.34 and a beta of 1.00.

Inter Parfums (NASDAQ:IPARGet Rating) last issued its earnings results on Tuesday, August 9th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.10). Inter Parfums had a net margin of 10.32% and a return on equity of 13.43%. The firm had revenue of $244.70 million during the quarter, compared to analyst estimates of $215.78 million. During the same quarter in the previous year, the business posted $0.71 EPS. Inter Parfums’s revenue was up 17.9% compared to the same quarter last year. Equities research analysts expect that Inter Parfums, Inc. will post 3.26 EPS for the current year.

Inter Parfums Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Wednesday, September 14th. Inter Parfums’s payout ratio is currently 64.10%.

Insider Activity at Inter Parfums

In related news, CFO Russell Greenberg sold 9,016 shares of Inter Parfums stock in a transaction on Monday, July 25th. The stock was sold at an average price of $81.25, for a total value of $732,550.00. Following the transaction, the chief financial officer now owns 7,500 shares in the company, valued at $609,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 44.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on IPAR. DA Davidson raised their price objective on Inter Parfums from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Tuesday, July 26th. Citigroup upgraded Inter Parfums from a “neutral” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Monday, May 16th. Finally, TheStreet upgraded Inter Parfums from a “c+” rating to a “b-” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

About Inter Parfums

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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. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lily Aldridge, Lanvin, Moncler, Montblanc, Rochas, S.T.

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Institutional Ownership by Quarter for Inter Parfums (NASDAQ:IPAR)

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