Inter Parfums, Inc. (NASDAQ:IPAR) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 13.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,286 shares of the company’s stock after selling 3,200 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Inter Parfums were worth $3,065,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IPAR. McGlone Suttner Wealth Management Inc. acquired a new position in Inter Parfums in the fourth quarter valued at approximately $27,000. Signaturefd LLC boosted its holdings in shares of Inter Parfums by 87.4% in the 4th quarter. Signaturefd LLC now owns 223 shares of the company’s stock valued at $32,000 after buying an additional 104 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Inter Parfums in the 3rd quarter valued at $55,000. Benjamin Edwards Inc. grew its position in shares of Inter Parfums by 17.8% in the 4th quarter. Benjamin Edwards Inc. now owns 1,047 shares of the company’s stock valued at $151,000 after buying an additional 158 shares during the last quarter. Finally, Covestor Ltd raised its stake in Inter Parfums by 30.5% during the 3rd quarter. Covestor Ltd now owns 1,236 shares of the company’s stock worth $166,000 after acquiring an additional 289 shares in the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IPAR has been the subject of several research analyst reports. DA Davidson restated a “buy” rating and issued a $192.00 price objective on shares of Inter Parfums in a research note on Friday, April 26th. Piper Sandler decreased their target price on Inter Parfums from $176.00 to $172.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Finally, BWS Financial reaffirmed a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research report on Wednesday, April 17th.

Insider Activity

In related news, Director Gilbert Harrison sold 250 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $150.42, for a total transaction of $37,605.00. Following the completion of the sale, the director now directly owns 1,000 shares of the company’s stock, valued at $150,420. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 43.90% of the company’s stock.

Inter Parfums Trading Up 0.6 %

Shares of Inter Parfums stock opened at $119.79 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.44 and a current ratio of 2.58. The company has a market capitalization of $3.84 billion, a P/E ratio of 25.22 and a beta of 1.19. Inter Parfums, Inc. has a 1 year low of $114.88 and a 1 year high of $156.75. The company’s fifty day moving average is $132.52 and its two-hundred day moving average is $135.07.

Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, February 27th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). The business had revenue of $328.74 million for the quarter, compared to analyst estimates of $329.00 million. Inter Parfums had a return on equity of 17.62% and a net margin of 11.59%. Inter Parfums’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. Analysts forecast that Inter Parfums, Inc. will post 5.15 earnings per share for the current year.

Inter Parfums Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.75 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.63. Inter Parfums’s payout ratio is presently 63.16%.

Inter Parfums Company Profile

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.T.