Inter Parfums, Inc. (NASDAQ:IPAR) Shares Bought by Hancock Whitney Corp
Hancock Whitney Corp raised its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 5.7% during the 1st quarter, HoldingsChannel reports. The fund owned 16,785 shares of the company’s stock after purchasing an additional 900 shares during the period. Hancock Whitney Corp’s holdings in Inter Parfums were worth $1,273,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Mason Street Advisors LLC grew its stake in Inter Parfums by 3.8% during the 1st quarter. Mason Street Advisors LLC now owns 5,554 shares of the company’s stock valued at $421,000 after acquiring an additional 202 shares in the last quarter. First Mercantile Trust Co. grew its stake in Inter Parfums by 9.0% during the 1st quarter. First Mercantile Trust Co. now owns 2,944 shares of the company’s stock valued at $223,000 after acquiring an additional 244 shares in the last quarter. Piedmont Investment Advisors Inc. grew its stake in Inter Parfums by 6.3% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,361 shares of the company’s stock valued at $331,000 after acquiring an additional 257 shares in the last quarter. LPL Financial LLC grew its stake in Inter Parfums by 4.0% during the 4th quarter. LPL Financial LLC now owns 7,075 shares of the company’s stock valued at $464,000 after acquiring an additional 269 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Inter Parfums by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 7,810 shares of the company’s stock valued at $512,000 after acquiring an additional 304 shares in the last quarter. 55.38% of the stock is currently owned by institutional investors.
IPAR has been the topic of several research analyst reports. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Saturday, April 27th. BidaskClub raised Inter Parfums from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. DA Davidson raised Inter Parfums from a “neutral” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Monday, June 10th. Finally, Citigroup lifted their target price on Inter Parfums from $64.00 to $79.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $74.00.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The business had revenue of $178.20 million during the quarter, compared to analysts’ expectations of $188.27 million. Inter Parfums had a return on equity of 9.69% and a net margin of 8.32%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. As a group, equities analysts forecast that Inter Parfums, Inc. will post 1.89 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.10 annualized dividend and a dividend yield of 1.65%. Inter Parfums’s payout ratio is 64.33%.
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Inter Parfums Profile
Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.
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