Segall Bryant & Hamill LLC Decreases Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Segall Bryant & Hamill LLC trimmed its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,743 shares of the company’s stock after selling 1,447 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.13% of Inter Parfums worth $5,621,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after buying an additional 81 shares in the last quarter. SRH Advisors LLC boosted its position in Inter Parfums by 791.7% during the fourth quarter. SRH Advisors LLC now owns 535 shares of the company’s stock worth $70,000 after acquiring an additional 475 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in Inter Parfums during the 3rd quarter valued at about $104,000. Blue Trust Inc. raised its holdings in 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 acquiring an additional 167 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in Inter Parfums by 15.1% in the 4th 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 institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Inter Parfums Trading Up 0.4 %

NASDAQ IPAR opened at $119.02 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The stock has a market capitalization of $3.82 billion, a P/E ratio of 25.54 and a beta of 1.18. The firm’s 50-day moving average is $134.47 and its two-hundred day moving average is $129.91. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $148.15.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 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 company had revenue of $361.50 million during the quarter, compared to analyst estimates of $361.56 million. On average, sell-side analysts anticipate that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.80 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.69%. Inter Parfums’s payout ratio is presently 62.87%.

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.