Smartleaf Asset Management LLC Raises Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Smartleaf Asset Management LLC boosted its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 23.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,650 shares of the company’s stock after purchasing an additional 310 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Inter Parfums were worth $215,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IPAR. GAMMA Investing LLC lifted its stake in shares of Inter Parfums by 55.9% in the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after purchasing an additional 81 shares in the last quarter. SRH Advisors LLC raised its holdings in Inter Parfums by 791.7% in the fourth quarter. SRH Advisors LLC now owns 535 shares of the company’s stock valued at $70,000 after buying an additional 475 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in Inter Parfums during the third quarter valued at approximately $104,000. Blue Trust Inc. grew its stake in Inter Parfums by 25.7% during the fourth quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $106,000 after buying an additional 167 shares during the period. Finally, Principal Securities Inc. grew its stake in Inter Parfums by 15.1% during the fourth quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock worth $174,000 after buying an additional 174 shares during the period. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Inter Parfums Price Performance

Shares of NASDAQ IPAR opened at $133.10 on Thursday. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. Inter Parfums, Inc. has a fifty-two week low of $108.39 and a fifty-two week high of $148.15. The business has a 50 day moving average price of $136.03 and a two-hundred day moving average price of $129.82. The firm has a market cap of $4.26 billion, a PE ratio of 28.56 and a beta of 1.20.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $361.50 million for the quarter, compared to analysts’ expectations of $361.56 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. Sell-side analysts expect that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.80 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.20 annualized dividend and a dividend yield of 2.40%. This is an increase from Inter Parfums’s previous quarterly dividend of $0.75. Inter Parfums’s payout ratio is presently 62.87%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. DA Davidson lifted their target price on shares of Inter Parfums from $163.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Piper Sandler raised their price objective on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. BWS Financial reaffirmed a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research report on Monday, January 27th. Finally, Canaccord Genuity Group raised their target price on Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $162.80.

Inter Parfums Company Profile

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