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.
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