Atlanta Capital Management Co. L L C reduced its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,141,653 shares of the company’s stock after selling 26,843 shares during the quarter. Atlanta Capital Management Co. L L C owned 3.66% of Inter Parfums worth $47,093,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IPAR. Acrospire Investment Management LLC raised its holdings in shares of Inter Parfums by 68.9% in the second quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock valued at $116,000 after acquiring an additional 1,296 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Inter Parfums by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 3,380 shares of the company’s stock valued at $123,000 after acquiring an additional 1,490 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Inter Parfums by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock valued at $150,000 after acquiring an additional 614 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Inter Parfums in the third quarter valued at about $218,000. Finally, Municipal Employees Retirement System of Michigan raised its holdings in shares of Inter Parfums by 68.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,500 shares of the company’s stock valued at $238,000 after acquiring an additional 2,640 shares in the last quarter. Hedge funds and other institutional investors own 55.66% of the company’s stock.

In other news, Director Torres Robert Bensoussan sold 6,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $42.09, for a total transaction of $252,540.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Patrick Choel sold 750 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $41.59, for a total transaction of $31,192.50. The disclosure for this sale can be found here. Insiders own 45.40% of the company’s stock.

Inter Parfums, Inc. (NASDAQ IPAR) opened at $44.15 on Friday. The company has a market cap of $1,381.57, a PE ratio of 32.57, a price-to-earnings-growth ratio of 2.79 and a beta of 1.77. The company has a quick ratio of 2.54, a current ratio of 3.39 and a debt-to-equity ratio of 0.07. Inter Parfums, Inc. has a fifty-two week low of $31.45 and a fifty-two week high of $46.80.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 dividend on an annualized basis and a yield of 1.90%. Inter Parfums’s payout ratio is currently 51.13%.

Several research firms recently weighed in on IPAR. Sidoti downgraded Inter Parfums from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. DA Davidson downgraded Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a report on Thursday, October 26th. Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Thursday, October 26th. KeyCorp set a $44.00 price objective on Inter Parfums and gave the company a “buy” rating in a report on Monday, October 16th. Finally, BidaskClub upgraded Inter Parfums from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $44.00.

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

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