Citadel Advisors LLC lowered its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,141 shares of the company’s stock after selling 482 shares during the period. Citadel Advisors LLC’s holdings in Inter Parfums were worth $224,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of IPAR. Morgan Stanley raised its stake in Inter Parfums by 67.2% in the first quarter. Morgan Stanley now owns 115,899 shares of the company’s stock worth $4,236,000 after buying an additional 46,601 shares in the last quarter. UBS Group AG raised its stake in Inter Parfums by 1,109.3% in the first quarter. UBS Group AG now owns 8,417 shares of the company’s stock worth $307,000 after buying an additional 7,721 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Inter Parfums by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,375,410 shares of the company’s stock worth $50,271,000 after buying an additional 29,457 shares in the last quarter. Geode Capital Management LLC raised its stake in Inter Parfums by 9.2% in the first quarter. Geode Capital Management LLC now owns 148,986 shares of the company’s stock worth $5,445,000 after buying an additional 12,581 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Inter Parfums by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,648,533 shares of the company’s stock worth $60,254,000 after buying an additional 89,133 shares in the last quarter. 55.14% of the stock is currently owned by hedge funds and other institutional investors.
Inter Parfums, Inc. (NASDAQ IPAR) traded down 0.42% on Monday, reaching $35.90. The company had a trading volume of 5,809 shares. Inter Parfums, Inc. has a 12 month low of $27.05 and a 12 month high of $41.70. The stock has a 50 day moving average of $35.66 and a 200 day moving average of $35.14. The firm has a market capitalization of $1.12 billion, a PE ratio of 28.49 and a beta of 1.76.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The firm had revenue of $143.10 million during the quarter, compared to analyst estimates of $120.05 million. Inter Parfums had a return on equity of 8.10% and a net margin of 7.12%. Inter Parfums’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 earnings per share. On average, analysts anticipate that Inter Parfums, Inc. will post $1.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.89%. The ex-dividend date was Wednesday, June 28th. Inter Parfums’s dividend payout ratio is currently 53.54%.
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A number of research firms have recently commented on IPAR. DA Davidson reiterated a “buy” rating and issued a $44.00 price objective on shares of Inter Parfums in a report on Monday, May 8th. Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Monday, May 1st. BidaskClub upgraded Inter Parfums from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Finally, Jefferies Group LLC began coverage on Inter Parfums in a report on Friday, June 2nd. They issued a “hold” rating and a $35.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Inter Parfums has an average rating of “Buy” and a consensus target price of $39.57.
About Inter Parfums
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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