7,529 Shares in Inter Parfums, Inc. (NASDAQ:IPAR) Acquired by Gotham Asset Management LLC
Gotham Asset Management LLC bought a new stake in Inter Parfums, Inc. (NASDAQ:IPAR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,529 shares of the company’s stock, valued at approximately $275,000.
Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Inter Parfums during the first quarter valued at about $107,000. US Bancorp DE raised its position in Inter Parfums by 45.4% in the first quarter. US Bancorp DE now owns 3,187 shares of the company’s stock valued at $116,000 after buying an additional 995 shares during the last quarter. Victory Capital Management Inc. raised its position in Inter Parfums by 39.4% in the first quarter. Victory Capital Management Inc. now owns 3,483 shares of the company’s stock valued at $127,000 after buying an additional 985 shares during the last quarter. Bank of Montreal Can raised its position in Inter Parfums by 13.0% in the first quarter. Bank of Montreal Can now owns 3,733 shares of the company’s stock valued at $137,000 after buying an additional 430 shares during the last quarter. Finally, Dubuque Bank & Trust Co. acquired a new position in Inter Parfums during the first quarter valued at approximately $139,000. 54.18% of the stock is currently owned by institutional investors and hedge funds.
Inter Parfums, Inc. (NASDAQ IPAR) traded up 1.56% during mid-day trading on Tuesday, hitting $39.05. 147,957 shares of the stock were exchanged. Inter Parfums, Inc. has a one year low of $29.40 and a one year high of $41.70. The company has a 50-day moving average price of $37.00 and a 200-day moving average price of $35.77. The company has a market cap of $1.22 billion, a P/E ratio of 30.99 and a beta of 1.77.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Inter Parfums had a return on equity of 8.10% and a net margin of 7.12%. The company had revenue of $129.10 million during the quarter, compared to analyst estimates of $122.57 million. During the same period in the previous year, the company earned $0.19 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts predict that Inter Parfums, Inc. will post $1.27 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.74%. Inter Parfums’s dividend payout ratio (DPR) is presently 53.54%.
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IPAR has been the topic of several research reports. BidaskClub upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Monday, May 1st. Jefferies Group LLC started coverage on shares of Inter Parfums in a report on Friday, June 2nd. They issued a “hold” rating and a $35.00 price target on the stock. Finally, DA Davidson reiterated a “buy” rating and set a $44.00 price objective on shares of Inter Parfums in a research note on Monday, May 8th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Inter Parfums has an average rating of “Buy” and a consensus target price of $39.57.
Inter Parfums Company Profile
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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