Congress Asset Management Co. MA grew its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 94,254 shares of the company’s stock after purchasing an additional 1,366 shares during the period. Congress Asset Management Co. MA owned approximately 0.30% of Inter Parfums worth $6,595,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System lifted its stake in shares of Inter Parfums by 31.3% during the 2nd quarter. New York State Teachers Retirement System now owns 10,075 shares of the company’s stock valued at $670,000 after buying an additional 2,400 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Inter Parfums by 19.0% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,620 shares of the company’s stock valued at $1,172,000 after buying an additional 2,810 shares in the last quarter. Huntington National Bank lifted its stake in Inter Parfums by 13.4% in the 2nd quarter. Huntington National Bank now owns 2,193 shares of the company’s stock worth $146,000 after purchasing an additional 259 shares in the last quarter. Smith Asset Management Group LP purchased a new stake in Inter Parfums in the 2nd quarter worth $174,000. Finally, First Trust Advisors LP lifted its stake in Inter Parfums by 48.1% in the 2nd quarter. First Trust Advisors LP now owns 89,906 shares of the company’s stock worth $5,978,000 after purchasing an additional 29,215 shares in the last quarter. Hedge funds and other institutional investors own 53.96% of the company’s stock.
In other news, CFO Russell Greenberg sold 2,434 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $68.50, for a total value of $166,729.00. Following the completion of the sale, the chief financial officer now owns 66 shares of the company’s stock, valued at approximately $4,521. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 11,933 shares of company stock valued at $824,315 in the last ninety days. Corporate insiders own 44.60% of the company’s stock.
Shares of NASDAQ:IPAR opened at $77.20 on Thursday. The company has a current ratio of 3.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 45.15, a PEG ratio of 3.18 and a beta of 0.88. The firm’s 50-day moving average is $73.85 and its 200 day moving average is $68.51. Inter Parfums, Inc. has a 12 month low of $57.37 and a 12 month high of $81.40.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, November 5th. The company reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.01). The company had revenue of $191.20 million during the quarter, compared to the consensus estimate of $191.18 million. Inter Parfums had a return on equity of 10.15% and a net margin of 8.43%. Inter Parfums’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. As a group, equities analysts forecast that Inter Parfums, Inc. will post 1.9 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, December 30th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.28. Inter Parfums’s dividend payout ratio is presently 64.33%.
IPAR has been the topic of several research analyst reports. BidaskClub cut shares of Inter Parfums from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research cut shares of Inter Parfums from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. ValuEngine downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Citigroup boosted their target price on shares of Inter Parfums from $73.00 to $83.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, DA Davidson downgraded shares of Inter Parfums from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $78.00 to $82.00 in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $77.80.
Inter Parfums Profile
Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. 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, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.
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