Inter Parfums, Inc. (IPAR) Stake Increased by Stifel Financial Corp

Stifel Financial Corp increased its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 395,782 shares of the company’s stock after acquiring an additional 25,347 shares during the period. Stifel Financial Corp owned about 1.27% of Inter Parfums worth $16,335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nationwide Fund Advisors increased its stake in Inter Parfums by 20.2% in the 2nd quarter. Nationwide Fund Advisors now owns 34,850 shares of the company’s stock valued at $1,277,000 after buying an additional 5,856 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Inter Parfums during the 2nd quarter valued at approximately $1,012,000. AHL Partners LLP bought a new position in Inter Parfums in the 2nd quarter worth approximately $242,000. Eagle Asset Management Inc. boosted its holdings in Inter Parfums by 6.1% in the 2nd quarter. Eagle Asset Management Inc. now owns 472,085 shares of the company’s stock worth $17,301,000 after buying an additional 26,997 shares during the period. Finally, Royce & Associates LP boosted its holdings in Inter Parfums by 20.4% in the 2nd quarter. Royce & Associates LP now owns 600,255 shares of the company’s stock worth $21,999,000 after buying an additional 101,565 shares during the period. Institutional investors own 55.39% of the company’s stock.

Several research analysts recently commented on IPAR shares. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Friday, September 1st. KeyCorp set a $44.00 price objective on shares of Inter Parfums and gave the company a “buy” rating in a research report on Monday, October 16th. BidaskClub cut shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Friday. DA Davidson decreased their target price on shares of Inter Parfums from $49.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 15th. Finally, Sidoti lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.00.

In related news, insider Philippe Benacin sold 19,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $43.97, for a total transaction of $835,430.00. Following the sale, the insider now owns 74,876 shares of the company’s stock, valued at $3,292,297.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Russell Greenberg sold 3,000 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $45.00, for a total transaction of $135,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,750 shares of company stock valued at $1,695,399. Company insiders own 45.40% of the company’s stock.

Inter Parfums, Inc. (NASDAQ IPAR) traded down $0.25 during trading hours on Friday, reaching $43.45. 45,129 shares of the company traded hands, compared to its average volume of 68,126. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.39 and a quick ratio of 2.54. The company has a market capitalization of $1,362.86, a price-to-earnings ratio of 32.67, a P/E/G ratio of 2.76 and a beta of 1.77. Inter Parfums, Inc. has a 1-year low of $31.45 and a 1-year high of $46.80.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The firm had revenue of $169.50 million during the quarter, compared to analysts’ expectations of $160.52 million. During the same period in the previous year, the company earned $0.52 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. analysts anticipate that Inter Parfums, Inc. will post 1.29 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a $0.21 dividend. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, December 28th. Inter Parfums’s dividend payout ratio is presently 63.16%.

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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.

Institutional Ownership by Quarter for Inter Parfums (NASDAQ:IPAR)

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