Inter Parfums, Inc. (NASDAQ:IPAR) Shares Acquired by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC increased its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 6.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,249 shares of the company’s stock after buying an additional 130 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Inter Parfums were worth $296,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coppell Advisory Solutions LLC lifted its position in Inter Parfums by 210.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company’s stock valued at $67,000 after purchasing an additional 347 shares during the last quarter. SRH Advisors LLC lifted its position in Inter Parfums by 791.7% in the 4th quarter. SRH Advisors LLC now owns 535 shares of the company’s stock valued at $70,000 after purchasing an additional 475 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Inter Parfums by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock valued at $105,000 after purchasing an additional 400 shares during the last quarter. Blue Trust Inc. lifted its position in Inter Parfums by 25.7% in the 4th quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $106,000 after purchasing an additional 167 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Inter Parfums by 23.8% in the 4th quarter. Lazard Asset Management LLC now owns 1,263 shares of the company’s stock valued at $166,000 after purchasing an additional 243 shares during the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Inter Parfums Trading Up 1.3%

Shares of NASDAQ:IPAR opened at $126.73 on Monday. The company has a 50 day moving average of $113.72 and a 200-day moving average of $127.01. The firm has a market cap of $4.07 billion, a P/E ratio of 27.20 and a beta of 1.33. Inter Parfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14.

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

Inter Parfums Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.80 dividend. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums’s dividend payout ratio is currently 62.26%.

Insider Transactions at Inter Parfums

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total value of $183,225.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 43.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IPAR. Piper Sandler reiterated an “overweight” rating and issued a $138.00 price objective (down from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. BWS Financial reiterated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research report on Wednesday, May 7th. DA Davidson reiterated a “buy” rating and issued a $170.00 price objective on shares of Inter Parfums in a research report on Tuesday, March 25th. Finally, Canaccord Genuity Group lifted their price objective 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 research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Inter Parfums presently has a consensus rating of “Moderate Buy” and an average target price of $157.60.

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.