SG Americas Securities LLC Takes Position in Inter Parfums, Inc. (NASDAQ:IPAR)

SG Americas Securities LLC bought a new position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,927 shares of the company’s stock, valued at approximately $107,000.

A number of other institutional investors also recently modified their holdings of the stock. US Bancorp DE increased its position in shares of Inter Parfums by 45.4% in the first quarter. US Bancorp DE now owns 3,187 shares of the company’s stock worth $116,000 after buying an additional 995 shares during the last quarter. Bank of Montreal Can increased its position in shares of Inter Parfums by 13.0% in the first quarter. Bank of Montreal Can now owns 3,733 shares of the company’s stock worth $137,000 after buying an additional 430 shares during the last quarter. Dubuque Bank & Trust Co. bought a new position in shares of Inter Parfums during the first quarter worth approximately $139,000. BNP Paribas Arbitrage SA increased its position in shares of Inter Parfums by 3.6% in the first quarter. BNP Paribas Arbitrage SA now owns 3,954 shares of the company’s stock worth $145,000 after buying an additional 136 shares during the last quarter. Finally, Mason Street Advisors LLC increased its position in shares of Inter Parfums by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,001 shares of the company’s stock worth $146,000 after buying an additional 263 shares during the last quarter. Institutional investors own 55.14% of the company’s stock.

Shares of Inter Parfums, Inc. (NASDAQ IPAR) opened at 36.25 on Tuesday. The firm has a market capitalization of $1.13 billion, a P/E ratio of 28.77 and a beta of 1.76. Inter Parfums, Inc. has a 52-week low of $27.05 and a 52-week high of $41.70. The firm has a 50-day moving average price of $35.66 and a 200-day moving average price of $35.14.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. Inter Parfums had a net margin of 7.12% and a return on equity of 8.10%. The business had revenue of $143.10 million for the quarter, compared to analysts’ expectations of $120.05 million. During the same period in the prior year, the firm earned $0.24 earnings per share. Inter Parfums’s revenue was up 28.3% compared to the same quarter last year. On average, equities research analysts anticipate that Inter Parfums, Inc. will post $1.25 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.88%. Inter Parfums’s dividend payout ratio (DPR) is currently 53.54%.

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A number of equities analysts have commented on the company. Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Monday, May 1st. Jefferies Group LLC assumed coverage on Inter Parfums in a research note on Friday, June 2nd. They issued a “hold” rating and a $35.00 target price for the company. BidaskClub upgraded Inter Parfums from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, DA Davidson restated a “buy” rating and issued a $44.00 target price on shares of Inter Parfums in a research note on Monday, May 8th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $39.57.

About Inter Parfums

Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.

Institutional Ownership by Quarter for Inter Parfums (NASDAQ:IPAR)

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