Bank of Montreal Can Acquires 283 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Bank of Montreal Can lifted its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 4.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,068 shares of the company’s stock after purchasing an additional 283 shares during the period. Bank of Montreal Can’s holdings in Inter Parfums were worth $798,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in Inter Parfums during the fourth quarter valued at about $39,070,000. Norges Bank purchased a new stake in shares of Inter Parfums during the fourth quarter valued at about $32,095,000. Victory Capital Management Inc. boosted its holdings in shares of Inter Parfums by 55.0% in the 4th quarter. Victory Capital Management Inc. now owns 563,646 shares of the company’s stock valued at $74,125,000 after buying an additional 200,079 shares in the last quarter. American Century Companies Inc. grew its position in shares of Inter Parfums by 23.3% in the 4th quarter. American Century Companies Inc. now owns 453,993 shares of the company’s stock worth $59,705,000 after buying an additional 85,871 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in shares of Inter Parfums by 18.5% during the 4th quarter. Bahl & Gaynor Inc. now owns 321,845 shares of the company’s stock worth $42,326,000 after acquiring an additional 50,247 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Inter Parfums Stock Performance

IPAR opened at $104.02 on Friday. The firm has a 50 day moving average of $121.87 and a two-hundred day moving average of $127.95. The firm has a market capitalization of $3.34 billion, a PE ratio of 22.32 and a beta of 1.15. 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 posted 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 business had revenue of $361.50 million during the quarter, compared to analysts’ expectations of $361.56 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. On average, analysts anticipate that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.08%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 14th. Inter Parfums’s payout ratio is 62.87%.

Wall Street Analyst Weigh In

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

Inter Parfums Company 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.