Mason Street Advisors LLC increased its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,980 shares of the company’s stock after buying an additional 206 shares during the quarter. Mason Street Advisors LLC’s holdings in Inter Parfums were worth $418,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. New York State Teachers Retirement System increased 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 worth $670,000 after purchasing an additional 2,400 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Inter Parfums by 19.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,620 shares of the company’s stock worth $1,172,000 after buying an additional 2,810 shares during the last quarter. Huntington National Bank increased its holdings in shares of Inter Parfums by 13.4% during the 2nd quarter. Huntington National Bank now owns 2,193 shares of the company’s stock valued at $146,000 after acquiring an additional 259 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of Inter Parfums during the 2nd quarter worth $174,000. Finally, First Trust Advisors LP grew 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 valued at $5,978,000 after buying an additional 29,215 shares during the last quarter. Institutional investors and hedge funds own 55.66% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Inter Parfums from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. BidaskClub raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, DA Davidson cut their price target on Inter Parfums from $82.00 to $76.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $75.80.
In other news, CFO Russell Greenberg sold 2,434 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $68.50, for a total value of $166,729.00. Following the sale, the chief financial officer now directly owns 66 shares in the company, valued at $4,521. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 11,933 shares of company stock worth $824,315. 44.60% of the stock is currently owned by insiders.
Shares of IPAR stock opened at $72.82 on Friday. The stock’s fifty day moving average is $73.69 and its 200-day moving average is $68.52. Inter Parfums, Inc. has a 52 week low of $58.21 and a 52 week high of $81.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.24 and a current ratio of 3.24. The stock has a market capitalization of $2.29 billion, a PE ratio of 42.58, a PEG ratio of 2.97 and a beta of 0.87.
Inter Parfums (NASDAQ:IPAR) last released its earnings results on Tuesday, November 5th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Inter Parfums had a return on equity of 10.15% and a net margin of 8.43%. The firm had revenue of $191.20 million for the quarter, compared to the consensus estimate of $191.18 million. During the same quarter in the previous year, the firm earned $0.60 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. As a group, analysts forecast that Inter Parfums, Inc. will post 1.9 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.33 dividend. This is an increase from Inter Parfums’s previous quarterly dividend of $0.28. This represents a $1.32 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Monday, December 30th. Inter Parfums’s dividend payout ratio is 64.33%.
About Inter Parfums
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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