Inter Parfums, Inc. (NASDAQ:IPAR) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 309,111 shares of the company’s stock after selling 9,031 shares during the period. Loomis Sayles & Co. L P’s holdings in Inter Parfums were worth $40,652,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of Inter Parfums during the 4th quarter worth approximately $39,070,000. Victory Capital Management Inc. raised its position in Inter Parfums by 55.0% in the fourth quarter. Victory Capital Management Inc. now owns 563,646 shares of the company’s stock worth $74,125,000 after acquiring an additional 200,079 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Inter Parfums by 44.2% during the 3rd quarter. Wellington Management Group LLP now owns 323,863 shares of the company’s stock worth $41,934,000 after purchasing an additional 99,316 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Inter Parfums by 23.3% during the 4th quarter. American Century Companies Inc. now owns 453,993 shares of the company’s stock worth $59,705,000 after purchasing an additional 85,871 shares during the period. Finally, Bahl & Gaynor Inc. increased its holdings in shares of Inter Parfums by 18.5% in the 4th quarter. Bahl & Gaynor Inc. now owns 321,845 shares of the company’s stock valued at $42,326,000 after purchasing an additional 50,247 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Inter Parfums Trading Up 2.1 %

Shares of Inter Parfums stock opened at $121.49 on Friday. The business has a 50 day moving average price of $133.87 and a 200 day moving average price of $129.78. The company has a market capitalization of $3.90 billion, a P/E ratio of 26.07 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. Inter Parfums, Inc. has a 1 year low of $108.39 and a 1 year high of $148.15.

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

Inter Parfums Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.80 per share. This is a boost from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, March 14th. Inter Parfums’s dividend payout ratio (DPR) is currently 62.87%.

Analyst Ratings Changes

IPAR has been the topic of several recent analyst reports. DA Davidson restated a “buy” rating and set a $170.00 target price on shares of Inter Parfums in a research report on Tuesday. BWS Financial reaffirmed a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Monday, March 17th. Piper Sandler boosted their target price on Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Canaccord Genuity Group raised their price target on Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.