Inter Parfums, Inc. (NASDAQ:IPAR) Shares Bought by Signaturefd LLC

Signaturefd LLC increased its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 87.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 223 shares of the company’s stock after purchasing an additional 104 shares during the quarter. Signaturefd LLC’s holdings in Inter Parfums were worth $32,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IPAR. McGlone Suttner Wealth Management Inc. purchased a new position in Inter Parfums in the 4th quarter worth approximately $27,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Inter Parfums in the third quarter valued at $55,000. Covestor Ltd grew its holdings in Inter Parfums by 30.5% during the 3rd quarter. Covestor Ltd now owns 1,236 shares of the company’s stock valued at $166,000 after purchasing an additional 289 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Inter Parfums during the 4th quarter worth $206,000. Finally, Nisa Investment Advisors LLC lifted its holdings in Inter Parfums by 33.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,590 shares of the company’s stock worth $229,000 after buying an additional 400 shares in the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IPAR. BWS Financial restated a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a research note on Wednesday, April 17th. Piper Sandler lowered their price objective on Inter Parfums from $176.00 to $172.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Finally, DA Davidson restated a “buy” rating and set a $192.00 price objective on shares of Inter Parfums in a report on Friday, April 26th.

Insider Buying and Selling

In other Inter Parfums news, Director Gilbert Harrison sold 250 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $150.42, for a total transaction of $37,605.00. Following the completion of the sale, the director now owns 1,000 shares in the company, valued at $150,420. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 43.90% of the stock is currently owned by company insiders.

Inter Parfums Price Performance

IPAR opened at $119.11 on Friday. The company has a market capitalization of $3.81 billion, a P/E ratio of 25.08 and a beta of 1.19. The company has a 50-day moving average of $133.17 and a 200-day moving average of $135.01. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.44 and a current ratio of 2.58. Inter Parfums, Inc. has a 1-year low of $114.88 and a 1-year high of $156.75.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data 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 firm had revenue of $328.74 million during the quarter, compared to the consensus estimate of $329.00 million. During the same period in the prior year, the firm earned $0.71 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts expect that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Inter Parfums Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given 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 dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, March 14th. Inter Parfums’s dividend payout ratio is currently 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.