Crestline Management LP Purchases Shares of 1,613 Inter Parfums, Inc. (NASDAQ:IPAR)

Crestline Management LP purchased a new stake in Inter Parfums, Inc. (NASDAQ:IPAR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,613 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of IPAR. Barclays PLC increased its holdings in Inter Parfums by 293.0% in the 3rd quarter. Barclays PLC now owns 34,689 shares of the company’s stock valued at $4,492,000 after buying an additional 25,862 shares during the period. GAMMA Investing LLC grew its holdings in shares of Inter Parfums by 55.9% in the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after purchasing an additional 81 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Inter Parfums by 12.8% in the 4th quarter. Park Avenue Securities LLC now owns 2,872 shares of the company’s stock worth $378,000 after purchasing an additional 326 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of Inter Parfums by 36.5% in the 4th quarter. Annex Advisory Services LLC now owns 118,390 shares of the company’s stock worth $15,569,000 after purchasing an additional 31,654 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Inter Parfums by 282.6% in the 4th quarter. SG Americas Securities LLC now owns 7,506 shares of the company’s stock worth $987,000 after purchasing an additional 5,544 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

Inter Parfums Stock Down 0.7%

Shares of NASDAQ IPAR opened at $118.96 on Monday. The firm’s 50-day simple moving average is $114.37 and its 200 day simple moving average is $126.96. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 25.53 and a beta of 1.33. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. Inter Parfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.19. The business had revenue of $339.00 million for the quarter, compared to the consensus estimate of $329.21 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 EPS. On average, research analysts expect that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Inter Parfums Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, June 13th. This represents a $3.20 dividend on an annualized basis and a yield of 2.69%. Inter Parfums’s payout ratio is presently 62.26%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IPAR. Piper Sandler reaffirmed an “overweight” rating and issued a $138.00 target price (down previously from $169.00) on shares of Inter Parfums in a report on Thursday, April 24th. Canaccord Genuity Group upped their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. BWS Financial reaffirmed a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a report on Wednesday, May 7th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $170.00 target price on shares of Inter Parfums in a report on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $157.60.

Inter Parfums 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.