Evergreen Capital Management LLC acquired a new position in Interparfums, Inc. (NASDAQ:IPAR – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,170 shares of the company’s stock, valued at approximately $523,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of IPAR. Millennium Management LLC grew its stake in Interparfums by 823.0% in the third quarter. Millennium Management LLC now owns 205,526 shares of the company’s stock worth $20,220,000 after purchasing an additional 183,258 shares in the last quarter. Squarepoint Ops LLC grew its stake in Interparfums by 249.3% in the second quarter. Squarepoint Ops LLC now owns 225,907 shares of the company’s stock worth $29,664,000 after purchasing an additional 161,239 shares in the last quarter. Man Group plc grew its stake in Interparfums by 572.8% in the second quarter. Man Group plc now owns 187,058 shares of the company’s stock worth $24,563,000 after purchasing an additional 159,254 shares in the last quarter. Tributary Capital Management LLC grew its stake in Interparfums by 139.6% in the third quarter. Tributary Capital Management LLC now owns 228,520 shares of the company’s stock worth $22,482,000 after purchasing an additional 133,131 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Interparfums by 9,091.5% in the fourth quarter. SG Americas Securities LLC now owns 122,890 shares of the company’s stock worth $10,425,000 after purchasing an additional 121,553 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.
Interparfums Stock Up 0.0%
Interparfums stock opened at $91.19 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.99 and a quick ratio of 1.97. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 17.40 and a beta of 1.25. Interparfums, Inc. has a 1-year low of $77.21 and a 1-year high of $142.61. The business has a fifty day moving average price of $94.46 and a 200-day moving average price of $91.36.
Interparfums Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a $0.80 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.5%. Interparfums’s dividend payout ratio (DPR) is presently 61.07%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on IPAR shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Interparfums in a research report on Friday, March 27th. BWS Financial reaffirmed a “neutral” rating and set a $85.00 target price on shares of Interparfums in a research report on Wednesday. Wall Street Zen cut Interparfums from a “buy” rating to a “hold” rating in a research report on Sunday. Jefferies Financial Group initiated coverage on Interparfums in a research report on Wednesday, January 14th. They set a “buy” rating and a $112.00 target price on the stock. Finally, Zacks Research raised Interparfums from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Interparfums has an average rating of “Moderate Buy” and a consensus target price of $105.20.
Read Our Latest Stock Report on IPAR
Insider Buying and Selling at Interparfums
In other news, CEO Jean Madar sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $91.02, for a total value of $1,820,400.00. Following the completion of the sale, the chief executive officer owned 7,066,341 shares of the company’s stock, valued at $643,178,357.82. This trade represents a 0.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 43.70% of the stock is owned by insiders.
Interparfums Profile
Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.
The company’s core activities include fragrance creation, brand management and international logistics.
See Also
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