Tudor Investment Corp Et Al Boosts Position in Inter Parfums, Inc. (IPAR)
Tudor Investment Corp Et Al raised its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 22.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,007 shares of the company’s stock after buying an additional 1,633 shares during the period. Tudor Investment Corp Et Al’s holdings in Inter Parfums were worth $295,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in IPAR. Municipal Employees Retirement System of Michigan raised its position in Inter Parfums by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,790 shares of the company’s stock valued at $122,000 after buying an additional 60 shares during the period. A.R.T. Advisors LLC acquired a new position in Inter Parfums during the fourth quarter valued at approximately $230,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Inter Parfums during the third quarter valued at approximately $252,000. Citadel Advisors LLC raised its position in Inter Parfums by 70.9% in the third quarter. Citadel Advisors LLC now owns 13,902 shares of the company’s stock valued at $448,000 after buying an additional 5,768 shares during the period. Finally, Wall Street Associates raised its position in Inter Parfums by 12.7% in the fourth quarter. Wall Street Associates now owns 15,100 shares of the company’s stock valued at $495,000 after buying an additional 1,700 shares during the period. Institutional investors and hedge funds own 55.42% of the company’s stock.
Shares of Inter Parfums, Inc. (NASDAQ:IPAR) opened at 37.65 on Tuesday. The stock has a market cap of $1.17 billion, a P/E ratio of 35.19 and a beta of 1.59. The stock has a 50 day moving average of $34.94 and a 200 day moving average of $33.42. Inter Parfums, Inc. has a 52 week low of $27.05 and a 52 week high of $38.10.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Monday, March 13th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The company earned $134.80 million during the quarter, compared to analyst estimates of $125.17 million. Inter Parfums had a net margin of 6.20% and a return on equity of 6.62%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS. On average, analysts expect that Inter Parfums, Inc. will post $1.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, March 29th. Inter Parfums’s payout ratio is presently 67.33%.
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Several equities analysts have commented on the stock. B. Riley increased their price objective on shares of Inter Parfums from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, March 15th. Zacks Investment Research downgraded shares of Inter Parfums from a “hold” rating to a “sell” rating in a research note on Thursday, January 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $37.67.
In related news, insider Henry B. Clarke sold 1,500 shares of the business’s stock in a transaction on Friday, December 30th. The shares were sold at an average price of $32.75, for a total value of $49,125.00. Following the completion of the sale, the insider now owns 3,125 shares of the company’s stock, valued at approximately $102,343.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 45.50% of the stock is currently owned by insiders.
Inter Parfums Company Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes fragrances and fragrance-related products. It operates in two segments: European based operations and United States based operations. Under its European Operations, the Company produces and distributes fragrance products primarily under license agreements with brand owners and its prestige brands include Balmain, Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, S.T.
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