Inter Parfums, Inc. (NASDAQ:IPAR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 42.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,463 shares of the company’s stock after selling 9,787 shares during the period. Russell Investments Group Ltd.’s holdings in Inter Parfums were worth $1,771,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Inter Parfums by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company’s stock worth $269,677,000 after acquiring an additional 20,721 shares in the last quarter. Victory Capital Management Inc. lifted its position in Inter Parfums by 55.0% in the fourth quarter. Victory Capital Management Inc. now owns 563,646 shares of the company’s stock valued at $74,125,000 after acquiring an additional 200,079 shares during the last quarter. American Century Companies Inc. boosted 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 valued at $59,705,000 after purchasing an additional 85,871 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Inter Parfums by 1.2% in the third quarter. Geode Capital Management LLC now owns 436,137 shares of the company’s stock valued at $56,481,000 after acquiring an additional 5,056 shares during the period. Finally, Bahl & Gaynor Inc. grew its position in 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 purchasing an additional 50,247 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Analyst Ratings Changes

IPAR has been the subject of several analyst reports. 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. BWS Financial restated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Monday, March 17th. Finally, Canaccord Genuity Group lifted their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.80.

Inter Parfums Price Performance

Inter Parfums stock opened at $104.02 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. Inter Parfums, Inc. has a one year low of $97.65 and a one year high of $148.15. The company has a market cap of $3.34 billion, a P/E ratio of 22.32 and a beta of 1.15. The business has a fifty day moving average of $121.87 and a two-hundred day moving average of $127.95.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company had revenue of $361.50 million for the quarter, compared to analysts’ expectations of $361.56 million. As a group, analysts predict that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

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

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.