Geode Capital Management LLC Reduces Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Geode Capital Management LLC decreased its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 434,231 shares of the company’s stock after selling 1,906 shares during the quarter. Geode Capital Management LLC owned approximately 1.36% of Inter Parfums worth $57,118,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after buying an additional 81 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Inter Parfums by 7.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company’s stock valued at $239,000 after acquiring an additional 124 shares in the last quarter. Level Four Advisory Services LLC boosted its stake in Inter Parfums by 1.9% during the 4th quarter. Level Four Advisory Services LLC now owns 8,101 shares of the company’s stock valued at $1,065,000 after acquiring an additional 154 shares during the last quarter. Blue Trust Inc. grew its holdings in Inter Parfums by 25.7% during the 4th quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $106,000 after acquiring an additional 167 shares in the last quarter. Finally, Principal Securities Inc. increased its position in shares of Inter Parfums by 15.1% in the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock worth $174,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Inter Parfums Trading Up 1.6 %

Shares of NASDAQ IPAR opened at $106.10 on Monday. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 22.77 and a beta of 1.15. The stock’s 50 day simple moving average is $125.20 and its 200 day simple moving average is $128.80. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. Inter Parfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The firm had revenue of $361.50 million for the quarter, compared to the consensus estimate of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. Equities research analysts expect that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.80 dividend. This is a boost from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums’s dividend payout ratio (DPR) is currently 62.87%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BWS Financial reiterated a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Monday, March 17th. Canaccord Genuity Group lifted their target price on Inter Parfums from $158.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, DA Davidson reissued a “buy” rating and set a $170.00 price target on shares of Inter Parfums in a research report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.80.

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. 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.