Janus Henderson Group PLC Trims Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Janus Henderson Group PLC cut its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,699 shares of the company’s stock after selling 123 shares during the period. Janus Henderson Group PLC owned about 0.11% of Inter Parfums worth $4,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coppell Advisory Solutions LLC increased its stake in shares of Inter Parfums by 210.3% in the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company’s stock worth $67,000 after purchasing an additional 347 shares in the last quarter. SRH Advisors LLC increased its stake in shares of Inter Parfums by 791.7% in the fourth quarter. SRH Advisors LLC now owns 535 shares of the company’s stock worth $70,000 after purchasing an additional 475 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Inter Parfums by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock worth $105,000 after purchasing an additional 400 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Inter Parfums by 25.7% in the fourth quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $106,000 after purchasing an additional 167 shares in the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Inter Parfums by 15.1% in the fourth quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock worth $174,000 after purchasing an additional 174 shares in the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Inter Parfums

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of Inter Parfums stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total transaction of $183,225.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 43.90% of the company’s stock.

Analysts Set New Price Targets

IPAR has been the subject of several research analyst reports. Canaccord Genuity Group raised their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Piper Sandler reaffirmed an “overweight” rating and set a $138.00 target price (down from $169.00) on shares of Inter Parfums in a research note on Thursday, April 24th. DA Davidson reaffirmed a “buy” rating and set a $170.00 target price on shares of Inter Parfums in a research note on Tuesday, March 25th. Finally, BWS Financial reaffirmed a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a research note on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.60.

Inter Parfums Stock Performance

Shares of NASDAQ:IPAR opened at $126.73 on Monday. Inter Parfums, Inc. has a 52 week low of $97.65 and a 52 week high of $148.15. The stock has a market capitalization of $4.07 billion, a P/E ratio of 27.20 and a beta of 1.33. The firm has a fifty day simple moving average of $113.72 and a two-hundred day simple moving average of $127.01. 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 (NASDAQ:IPAR) last issued its quarterly earnings data on Monday, May 5th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The business had revenue of $339.00 million during the quarter, compared to analysts’ expectations of $329.21 million. During the same period last year, the company posted $1.27 EPS. The business’s revenue was up 4.6% on a year-over-year basis. On average, analysts expect that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

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

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.