1,432 Shares in Inter Parfums, Inc. (NASDAQ:IPAR) Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. acquired a new stake in Inter Parfums, Inc. (NASDAQ:IPAR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,432 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new stake in Inter Parfums in the third quarter valued at approximately $2,199,000. Invesco Ltd. lifted its position in Inter Parfums by 94.4% in the third quarter. Invesco Ltd. now owns 276,433 shares of the company’s stock valued at $37,136,000 after purchasing an additional 134,243 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Inter Parfums by 0.8% in the third quarter. Teacher Retirement System of Texas now owns 12,809 shares of the company’s stock valued at $1,721,000 after purchasing an additional 100 shares during the last quarter. Annex Advisory Services LLC bought a new stake in Inter Parfums in the third quarter valued at approximately $8,093,000. Finally, Advisors Asset Management Inc. lifted its position in Inter Parfums by 10.7% in the third quarter. Advisors Asset Management Inc. now owns 22,842 shares of the company’s stock valued at $3,069,000 after purchasing an additional 2,202 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

Insider Buying and Selling

In related news, Director Gilbert Harrison sold 250 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $150.42, for a total value of $37,605.00. Following 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 legal filing with the SEC, which is available through the SEC website. 43.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on IPAR shares. BWS Financial reiterated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research report on Wednesday, April 17th. Piper Sandler boosted their target price on Inter Parfums from $175.00 to $176.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th.

Inter Parfums Price Performance

IPAR opened at $130.52 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.44 and a current ratio of 2.58. Inter Parfums, Inc. has a 52-week low of $120.71 and a 52-week high of $158.13. The stock has a market capitalization of $4.18 billion, a PE ratio of 27.45 and a beta of 1.13. The stock’s 50 day moving average price is $138.24 and its 200-day moving average price is $135.55.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly 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 firm had revenue of $328.74 million during the quarter, compared to analysts’ expectations of $329.00 million. Inter Parfums had a return on equity of 17.62% and a net margin of 11.59%. Inter Parfums’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 earnings per share. On average, equities research analysts predict that Inter Parfums, Inc. will post 5.16 EPS for the current year.

Inter Parfums Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.30%. This is a boost from Inter Parfums’s previous quarterly dividend of $0.63. The ex-dividend date was Thursday, March 14th. Inter Parfums’s dividend 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.