1 week Ago By Defense World Staff
JPMorgan Chase & Co. increased its position in shares of Inter Parfums, Inc. ( NASDAQ:IPAR – Free Report ) by 32.
4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,816 shares of the company’s stock after purchasing an additional 32,741 shares during the period. JPMorgan Chase & Co.
owned about 0.42% of Inter Parfums worth $17,598,000 at the end of the most recent reporting period. A number of other large investors have also modified their holdings of IPAR.
GAMMA Investing LLC lifted its stake in Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after purchasing an additional 81 shares during the period.
SRH Advisors LLC raised its holdings in shares of Inter Parfums by 791.7% in the 4th quarter. SRH Advisors LLC now owns 535 shares of the company’s stock worth $70,000 after buying an additional 475 shares in the last quarter.
Blue Trust Inc. lifted its position in shares of Inter Parfums by 25.7% during the 4th quarter.
Blue Trust Inc. now owns 818 shares of the company’s stock worth $106,000 after buying an additional 167 shares during the period. Principal Securities Inc.
boosted its stake in Inter Parfums by 15.1% in the 4th quarter. Principal Securities Inc.
now owns 1,323 shares of the company’s stock valued at $174,000 after buying an additional 174 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Inter Parfums by 23.1% in the fourth quarter.
Smartleaf Asset Management LLC now owns 1,650 shares of the company’s stock valued at $215,000 after acquiring an additional 310 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth A number of brokerages have issued reports on IPAR. DA Davidson reissued a “buy” rating and set a $170.00 price objective on shares of Inter Parfums in a report on Tuesday, March 25th.
BWS Financial reissued a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a report on Monday, March 17th. Finally, Canaccord Genuity Group boosted their price target on shares of Inter Parfums from $158.
00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock.
Based on data from MarketBeat.com, Inter Parfums currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.80.
Inter Parfums Stock Performance Shares of NASDAQ:IPAR opened at $106.10 on Friday. The business has a fifty day moving average of $125.
84 and a 200-day moving average of $128.91. 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 twelve month low of $97.65 and a twelve month high of $148.
15. The firm has a market cap of $3.41 billion, a PE ratio of 22.
77 and a beta of 1.15. Inter Parfums ( NASDAQ:IPAR – Get Free Report ) last announced its earnings results on Tuesday, February 25th.
The company reported $0.82 earnings per share 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 during the quarter, compared to the consensus estimate of $361.
56 million. On average, equities research analysts predict that Inter Parfums, Inc. will post 5.
14 EPS for the current fiscal year. Inter Parfums Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.
80 per share. The ex-dividend date was Friday, March 14th. This represents a $3.
20 dividend on an annualized basis and a dividend yield of 3.02%. This is an increase from Inter Parfums’s previous quarterly dividend of $0.
75. Inter Parfums’s payout ratio is presently 62.87%.
About Inter Parfums ( Free Report ) 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.
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