Inter Parfums, Inc. (NASDAQ:IPAR) Stock Position Raised by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of Inter Parfums, Inc. (NASDAQ:IPARGet Rating) by 145.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,020 shares of the company’s stock after purchasing an additional 4,757 shares during the period. SG Americas Securities LLC’s holdings in Inter Parfums were worth $706,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its position in Inter Parfums by 9.8% during the fourth quarter. New York State Teachers Retirement System now owns 6,248 shares of the company’s stock valued at $668,000 after buying an additional 559 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Inter Parfums in the 4th quarter valued at about $1,618,000. Commonwealth Equity Services LLC lifted its position in shares of Inter Parfums by 4.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,076 shares of the company’s stock worth $328,000 after purchasing an additional 125 shares in the last quarter. Yousif Capital Management LLC acquired a new stake in shares of Inter Parfums during the fourth quarter worth approximately $1,829,000. Finally, Equitable Trust Co. grew its position in Inter Parfums by 3.4% during the fourth quarter. Equitable Trust Co. now owns 4,828 shares of the company’s stock valued at $516,000 after purchasing an additional 159 shares in the last quarter. 57.42% of the stock is owned by institutional investors and hedge funds.

Inter Parfums Trading Up 1.6 %

Shares of NASDAQ:IPAR opened at $84.59 on Wednesday. The company has a current ratio of 2.94, a quick ratio of 2.03 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.69 billion, a PE ratio of 28.48 and a beta of 1.00. Inter Parfums, Inc. has a 1 year low of $64.52 and a 1 year high of $108.35. The firm has a fifty day moving average price of $73.50 and a 200 day moving average price of $82.09.

Inter Parfums (NASDAQ:IPARGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.16. Inter Parfums had a return on equity of 12.74% and a net margin of 10.20%. The company had revenue of $250.68 million during the quarter, compared to the consensus estimate of $240.04 million. During the same quarter in the prior year, the company posted $0.87 EPS. The firm’s revenue was up 26.3% on a year-over-year basis. Analysts expect that Inter Parfums, Inc. will post 3.26 EPS for the current fiscal year.

Inter Parfums Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Tuesday, June 14th. Inter Parfums’s dividend payout ratio is currently 67.34%.

Analysts Set New Price Targets

A number of research firms have issued reports on IPAR. DA Davidson increased their target price on shares of Inter Parfums from $87.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, July 26th. TheStreet cut Inter Parfums from a “b” rating to a “c+” rating in a research report on Monday, May 23rd. Finally, Citigroup raised Inter Parfums from a “neutral” rating to a “buy” rating and set a $99.00 price target for the company in a research note on Monday, May 16th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

Insider Activity at Inter Parfums

In other Inter Parfums news, CFO Russell Greenberg sold 9,016 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $81.25, for a total transaction of $732,550.00. Following the completion of the transaction, the chief financial officer now owns 7,500 shares of the company’s stock, valued at approximately $609,375. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 44.20% of the stock is currently owned by company insiders.

Inter Parfums Company Profile

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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. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lily Aldridge, Lanvin, Moncler, Montblanc, Rochas, S.T.

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

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