Advantage Alpha Capital Partners LP Sells 6,630 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Advantage Alpha Capital Partners LP reduced its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 28.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,586 shares of the company’s stock after selling 6,630 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.05% of Inter Parfums worth $2,181,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IPAR. GAMMA Investing LLC increased its position in Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after purchasing an additional 81 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Inter Parfums by 7.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company’s stock worth $239,000 after purchasing an additional 124 shares during the last quarter. Blue Trust Inc. grew its position in shares of 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 buying an additional 167 shares during the last quarter. Principal Securities Inc. raised its position in shares of Inter Parfums by 15.1% during the fourth quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock worth $174,000 after acquiring an additional 174 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in shares of Inter Parfums by 1.1% in the fourth quarter. Truist Financial Corp now owns 17,583 shares of the company’s stock worth $2,312,000 after acquiring an additional 184 shares during the period. 55.57% of the stock is owned by institutional investors and hedge funds.

Inter Parfums Trading Down 1.5 %

Shares of Inter Parfums stock opened at $118.39 on Monday. The company has a market capitalization of $3.80 billion, a P/E ratio of 25.41 and a beta of 1.18. The stock has a fifty day simple moving average of $134.88 and a 200 day simple moving average of $129.92. Inter Parfums, Inc. has a 12-month low of $108.39 and a 12-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 posted its earnings results on Tuesday, February 25th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm had revenue of $361.50 million during the quarter, compared to the consensus estimate of $361.56 million. On average, sell-side analysts anticipate that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.80 per share. 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 yield of 2.70%. The ex-dividend date of this dividend is Friday, March 14th. Inter Parfums’s dividend payout ratio (DPR) is 62.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. DA Davidson upped their price objective on shares of Inter Parfums from $163.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Canaccord Genuity Group increased their price target on Inter Parfums from $158.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Piper Sandler upped their target price on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, BWS Financial reaffirmed a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a research note on Monday, March 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.80.

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.