1,432 Shares in Inter Parfums, Inc. (NASDAQ:IPAR) Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. bought a new position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) during the 4th quarter, HoldingsChannel reports. The firm bought 1,432 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IPAR. Teacher Retirement System of Texas grew its stake in Inter Parfums by 0.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 12,809 shares of the company’s stock valued at $1,721,000 after purchasing an additional 100 shares during the last quarter. Curbstone Financial Management Corp grew its stake in Inter Parfums by 5.1% during the 4th quarter. Curbstone Financial Management Corp now owns 3,730 shares of the company’s stock valued at $537,000 after purchasing an additional 180 shares during the last quarter. Strs Ohio grew its stake in Inter Parfums by 2.7% during the 3rd quarter. Strs Ohio now owns 7,600 shares of the company’s stock valued at $1,020,000 after purchasing an additional 200 shares during the last quarter. Swiss National Bank grew its stake in Inter Parfums by 0.5% during the 3rd quarter. Swiss National Bank now owns 42,200 shares of the company’s stock valued at $5,669,000 after purchasing an additional 200 shares during the last quarter. Finally, Barclays PLC grew its stake in Inter Parfums by 2.5% during the 3rd quarter. Barclays PLC now owns 10,160 shares of the company’s stock valued at $1,364,000 after purchasing an additional 250 shares during the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Inter Parfums news, Director Gilbert Harrison sold 250 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $150.42, for a total transaction of $37,605.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at $150,420. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 43.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Piper Sandler boosted their price target on Inter Parfums from $175.00 to $176.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. BWS Financial reiterated a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research note on Wednesday, April 17th.

Inter Parfums Stock Performance

Shares of IPAR stock opened at $130.52 on Thursday. The stock has a market cap of $4.18 billion, a PE ratio of 27.45 and a beta of 1.13. The business has a 50-day simple moving average of $138.24 and a 200-day simple moving average of $135.55. The company has a quick ratio of 1.44, a current ratio of 2.58 and a debt-to-equity ratio of 0.14. Inter Parfums, Inc. has a 52-week low of $120.71 and a 52-week high of $158.13.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $328.74 million during the quarter, compared to analyst estimates of $329.00 million. Inter Parfums had a return on equity of 17.62% and a net margin of 11.59%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. On average, equities analysts expect that Inter Parfums, Inc. will post 5.16 EPS for the current year.

Inter Parfums Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.75 dividend. This is a boost from Inter Parfums’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.30%. Inter Parfums’s dividend payout ratio is presently 63.16%.

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.