Mutual of America Capital Management LLC raised its holdings in Inter Parfums, Inc. (NASDAQ:IPAR – Get Rating) by 5.5% during the 1st quarter, Holdings Channel reports. The firm owned 2,561 shares of the company’s stock after purchasing an additional 133 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Inter Parfums were worth $225,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of IPAR. New York State Teachers Retirement System lifted its holdings in shares of Inter Parfums by 9.8% in the fourth quarter. New York State Teachers Retirement System now owns 6,248 shares of the company’s stock valued at $668,000 after purchasing an additional 559 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Inter Parfums in the fourth quarter valued at about $1,618,000. Commonwealth Equity Services LLC lifted its holdings in shares of Inter Parfums by 4.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,076 shares of the company’s stock valued at $328,000 after purchasing an additional 125 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in shares of Inter Parfums in the fourth quarter valued at about $1,829,000. Finally, Equitable Trust Co. lifted its stake in shares of Inter Parfums by 3.4% during the fourth quarter. Equitable Trust Co. now owns 4,828 shares of the company’s stock valued at $516,000 after buying an additional 159 shares during the period. Hedge funds and other institutional investors own 57.42% of the company’s stock.
Insider Transactions at Inter Parfums
In other news, CFO Russell Greenberg sold 9,016 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $81.25, for a total value of $732,550.00. Following the completion of the sale, the chief financial officer now owns 7,500 shares of the company’s stock, valued at $609,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 44.20% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on IPAR shares. DA Davidson upped their price objective on shares of Inter Parfums from $87.00 to $94.00 and gave the company a “buy” rating in a research note on Tuesday, July 26th. Citigroup raised shares of Inter Parfums from a “neutral” rating to a “buy” rating and set a $99.00 price objective on the stock in a research note on Monday, May 16th. Finally, TheStreet downgraded shares of Inter Parfums from a “b” rating to a “c+” rating in a research note on Monday, May 23rd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Inter Parfums has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.
Inter Parfums Stock Performance
Shares of IPAR stock opened at $84.59 on Wednesday. Inter Parfums, Inc. has a one year low of $64.52 and a one year high of $108.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.03 and a current ratio of 2.94. The company has a 50 day moving average price of $73.50 and a 200 day moving average price of $82.09. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 28.48 and a beta of 1.00.
Inter Parfums (NASDAQ:IPAR – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.94 by $0.16. Inter Parfums had a net margin of 10.20% and a return on equity of 12.74%. The firm had revenue of $250.68 million during the quarter, compared to analyst estimates of $240.04 million. During the same quarter in the prior year, the business posted $0.87 earnings per share. Inter Parfums’s revenue for the quarter was up 26.3% compared to the same quarter last year. Sell-side analysts anticipate that Inter Parfums, Inc. will post 3.26 EPS for the current year.
Inter Parfums Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Tuesday, June 14th. Inter Parfums’s payout ratio is currently 67.34%.
Inter Parfums 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. 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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