New Amsterdam Partners LLC NY reduced its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,816 shares of the company’s stock after selling 2,519 shares during the period. New Amsterdam Partners LLC NY’s holdings in Inter Parfums were worth $2,947,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Inter Parfums in the third quarter worth $218,000. Victory Capital Management Inc. increased its stake in shares of Inter Parfums by 38.8% in the third quarter. Victory Capital Management Inc. now owns 5,686 shares of the company’s stock worth $235,000 after purchasing an additional 1,589 shares in the last quarter. AHL Partners LLP purchased a new stake in shares of Inter Parfums in the second quarter worth $242,000. Allianz Asset Management GmbH purchased a new stake in shares of Inter Parfums in the third quarter worth $268,000. Finally, Voya Investment Management LLC increased its stake in shares of Inter Parfums by 42.7% in the second quarter. Voya Investment Management LLC now owns 8,094 shares of the company’s stock worth $297,000 after purchasing an additional 2,423 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.
Inter Parfums, Inc. (IPAR) opened at $42.00 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39. Inter Parfums, Inc. has a 12-month low of $33.72 and a 12-month high of $48.35. The firm has a market cap of $1,370.66, a price-to-earnings ratio of 32.32, a P/E/G ratio of 2.49 and a beta of 1.70.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.05. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The firm had revenue of $169.50 million during the quarter, compared to analyst estimates of $160.52 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. Inter Parfums’s revenue for the quarter was up 7.6% on a year-over-year basis. analysts expect that Inter Parfums, Inc. will post 1.29 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were given a dividend of $0.21 per share. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.00%. Inter Parfums’s dividend payout ratio is currently 63.16%.
In related news, CFO Philippe Santi sold 600 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $43.86, for a total transaction of $26,316.00. Following the completion of the transaction, the chief financial officer now owns 600 shares in the company, valued at $26,316. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Philippe Benacin sold 19,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $43.97, for a total transaction of $835,430.00. Following the transaction, the insider now owns 74,876 shares of the company’s stock, valued at approximately $3,292,297.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,595 shares of company stock valued at $2,010,612. 45.40% of the stock is owned by company insiders.
A number of analysts have recently issued reports on IPAR shares. KeyCorp set a $44.00 price objective on shares of Inter Parfums and gave the stock a “buy” rating in a research note on Monday, October 16th. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Saturday. DA Davidson raised shares of Inter Parfums from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $46.00 to $51.00 in a research note on Wednesday, January 10th. Sidoti cut shares of Inter Parfums from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. Finally, Citigroup set a $52.00 price objective on shares of Inter Parfums and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $45.67.
Inter Parfums Profile
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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