New York State Teachers Retirement System Has $1.85 Million Position in Inter Parfums, Inc. (NASDAQ:IPAR)

New York State Teachers Retirement System reduced its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 0.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,866 shares of the company’s stock after selling 100 shares during the period. New York State Teachers Retirement System’s holdings in Inter Parfums were worth $1,853,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Inter Parfums by 17.1% in the first quarter. JPMorgan Chase & Co. now owns 114,363 shares of the company’s stock worth $10,069,000 after acquiring an additional 16,670 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Inter Parfums by 21.1% in the first quarter. American Century Companies Inc. now owns 16,915 shares of the company’s stock worth $1,489,000 after acquiring an additional 2,949 shares during the last quarter. Citigroup Inc. increased its stake in shares of Inter Parfums by 10.0% in the first quarter. Citigroup Inc. now owns 15,487 shares of the company’s stock worth $1,364,000 after acquiring an additional 1,412 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Inter Parfums by 51.4% in the first quarter. MetLife Investment Management LLC now owns 9,932 shares of the company’s stock worth $875,000 after acquiring an additional 3,372 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Inter Parfums by 5.0% in the first quarter. Rhumbline Advisers now owns 55,065 shares of the company’s stock worth $4,848,000 after acquiring an additional 2,604 shares during the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Inter Parfums

In other Inter Parfums news, Director Gilbert Harrison sold 250 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $150.42, for a total transaction of $37,605.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at $150,420. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 43.90% of the company’s stock.

Inter Parfums Trading Up 0.1 %

NASDAQ IPAR opened at $125.09 on Wednesday. Inter Parfums, Inc. has a 1-year low of $120.71 and a 1-year high of $161.17. The company has a current ratio of 2.58, a quick ratio of 1.44 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $4.01 billion, a PE ratio of 26.33 and a beta of 1.13. The firm’s fifty day simple moving average is $140.55 and its 200-day simple moving average is $135.74.

Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Tuesday, February 27th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). Inter Parfums had a net margin of 11.59% and a return on equity of 17.62%. The company had revenue of $328.74 million for the quarter, compared to the consensus estimate of $329.00 million. During the same quarter last year, the business earned $0.71 earnings per share. Inter Parfums’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Inter Parfums, Inc. will post 5.16 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.75 per share. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.63. This represents a $3.00 annualized dividend and a yield of 2.40%. The ex-dividend date was Thursday, March 14th. Inter Parfums’s dividend payout ratio (DPR) is 63.16%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their price target on shares of Inter Parfums from $175.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th.

About Inter Parfums

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.