Inter Parfums, Inc. (NASDAQ:IPAR) Shares Bought by US Bancorp DE

US Bancorp DE increased its holdings in Inter Parfums, Inc. (NASDAQ:IPARGet Rating) by 75.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,456 shares of the company’s stock after buying an additional 1,054 shares during the quarter. US Bancorp DE’s holdings in Inter Parfums were worth $179,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System increased its holdings in Inter Parfums by 60.1% in the 2nd quarter. New York State Teachers Retirement System now owns 12,256 shares of the company’s stock worth $895,000 after buying an additional 4,600 shares during the period. Advisor Group Holdings Inc. grew its stake in shares of Inter Parfums by 8.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 7,365 shares of the company’s stock worth $929,000 after purchasing an additional 581 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Inter Parfums by 9.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,486 shares of the company’s stock worth $985,000 after purchasing an additional 1,120 shares during the period. Royce & Associates LP grew its stake in shares of Inter Parfums by 5.9% during the 1st quarter. Royce & Associates LP now owns 731,334 shares of the company’s stock worth $64,394,000 after purchasing an additional 40,469 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Inter Parfums by 15.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,777 shares of the company’s stock worth $245,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds own 55.58% of the company’s stock.

Insider Buying and Selling at Inter Parfums

In other Inter Parfums news, CFO Russell Greenberg sold 2,489 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $78.51, for a total value of $195,411.39. Following the transaction, the chief financial officer now owns 7,500 shares in the company, valued at approximately $588,825. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Inter Parfums news, CFO Russell Greenberg sold 2,489 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $78.51, for a total value of $195,411.39. Following the transaction, the chief financial officer now owns 7,500 shares in the company, valued at approximately $588,825. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Veronique Gabai-Pinsky sold 2,000 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $82.42, for a total value of $164,840.00. The disclosure for this sale can be found here. 44.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

IPAR has been the topic of a number of analyst reports. DA Davidson raised their price objective on shares of Inter Parfums from $87.00 to $94.00 and gave the stock a “buy” rating in a research note on Tuesday, July 26th. TheStreet raised shares of Inter Parfums from a “c+” rating to a “b-” rating in a research note on Monday, August 15th. StockNews.com initiated coverage on shares of Inter Parfums in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Piper Sandler initiated coverage on shares of Inter Parfums in a research note on Friday, September 9th. They set an “overweight” rating and a $102.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.00.

Inter Parfums Trading Up 4.3 %

Shares of NASDAQ:IPAR opened at $82.49 on Monday. Inter Parfums, Inc. has a 1 year low of $64.52 and a 1 year high of $108.35. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 1.62 and a beta of 0.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.89 and a quick ratio of 1.76. The business’s 50 day moving average price is $78.07 and its 200-day moving average price is $77.01.

Inter Parfums (NASDAQ:IPARGet Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.12). The firm had revenue of $244.70 million during the quarter, compared to analysts’ expectations of $215.78 million. Inter Parfums had a net margin of 10.32% and a return on equity of 13.43%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 EPS. On average, equities research analysts forecast that Inter Parfums, Inc. will post 3.26 earnings per share for the current fiscal year.

Inter Parfums Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.42%. Inter Parfums’s payout ratio is currently 64.10%.

Inter Parfums Profile

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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.

See Also

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Institutional Ownership by Quarter for Inter Parfums (NASDAQ:IPAR)

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