Inter Parfums, Inc. (IPAR) Stake Lowered by Systematic Financial Management LP
Systematic Financial Management LP cut its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 64.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,675 shares of the company’s stock after selling 115,669 shares during the period. Systematic Financial Management LP owned 0.20% of Inter Parfums worth $2,585,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of IPAR. Acrospire Investment Management LLC increased its stake in Inter Parfums by 68.9% during 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 during the period. State of Alaska Department of Revenue increased its stake in Inter Parfums by 78.8% during 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 during the period. Huntington National Bank increased its stake in Inter Parfums by 17.6% during the second quarter. Huntington National Bank now owns 3,569 shares of the company’s stock valued at $131,000 after acquiring an additional 535 shares during the period. Victory Capital Management Inc. increased its stake in Inter Parfums by 17.6% during 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 during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in Inter Parfums by 68.4% during 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 during the period. Institutional investors and hedge funds own 54.87% of the company’s stock.
Inter Parfums, Inc. (NASDAQ:IPAR) opened at $43.20 on Friday. Inter Parfums, Inc. has a 12 month low of $31.45 and a 12 month high of $46.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39. The stock has a market capitalization of $1,350.00, a PE ratio of 31.69, a P/E/G ratio of 2.72 and a beta of 1.80.
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 analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $169.50 million for the quarter, compared to the consensus estimate of $160.52 million. Inter Parfums had a return on equity of 8.06% and a net margin of 7.13%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 earnings per share. equities analysts anticipate that Inter Parfums, Inc. will post 1.29 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.94%. This is an increase from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, December 28th. Inter Parfums’s payout ratio is presently 51.52%.
Several equities analysts recently issued reports on the company. DA Davidson restated a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Zacks Investment Research lowered Inter Parfums from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. KeyCorp set a $44.00 price target on Inter Parfums and gave the company a “buy” rating in a research note on Monday, October 16th. Citigroup Inc. restated a “buy” rating and set a $45.00 price target (up from $42.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Finally, BidaskClub upgraded Inter Parfums from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $44.00.
In other Inter Parfums news, Director Patrick Choel sold 750 shares of Inter Parfums stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $41.59, for a total transaction of $31,192.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Torres Robert Bensoussan sold 6,000 shares of Inter Parfums stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $42.09, for a total value of $252,540.00. The disclosure for this sale can be found here. Insiders have sold 9,250 shares of company stock worth $382,733 over the last ninety days. Company insiders own 45.40% of the company’s stock.
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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.
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