Benjamin Edwards Inc. Purchases 158 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Benjamin Edwards Inc. lifted its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 17.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,047 shares of the company’s stock after purchasing an additional 158 shares during the period. Benjamin Edwards Inc.’s holdings in Inter Parfums were worth $151,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new position in Inter Parfums in the fourth quarter worth $27,000. Signaturefd LLC boosted its holdings in shares of Inter Parfums by 87.4% in the 4th quarter. Signaturefd LLC now owns 223 shares of the company’s stock worth $32,000 after buying an additional 104 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Inter Parfums during the third quarter valued at about $55,000. Covestor Ltd increased its holdings in Inter Parfums by 30.5% during the third quarter. Covestor Ltd now owns 1,236 shares of the company’s stock worth $166,000 after buying an additional 289 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Inter Parfums during the fourth quarter worth about $206,000. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Inter Parfums Price Performance

IPAR opened at $119.11 on Friday. The firm has a 50-day moving average price of $133.17 and a 200-day moving average price of $135.07. Inter Parfums, Inc. has a twelve month low of $114.88 and a twelve month high of $156.75. The company has a quick ratio of 1.44, a current ratio of 2.58 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 25.08 and a beta of 1.19.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). Inter Parfums had a return on equity of 17.62% and a net margin of 11.59%. The business had revenue of $328.74 million during the quarter, compared to the consensus estimate of $329.00 million. During the same period last year, the business posted $0.71 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. Equities analysts expect that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Inter Parfums Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.52%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.63. The ex-dividend date was Thursday, March 14th. Inter Parfums’s payout ratio is presently 63.16%.

Insider Buying and Selling

In other Inter Parfums news, Director Gilbert Harrison sold 250 shares of Inter Parfums stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $150.42, for a total transaction of $37,605.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $150,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 43.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Piper Sandler reduced their target price on shares of Inter Parfums from $176.00 to $172.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. BWS Financial reissued a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a report on Wednesday, April 17th. Finally, DA Davidson reissued a “buy” rating and issued a $192.00 target price on shares of Inter Parfums in a research report on Friday, April 26th.

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.