Invesco Ltd. Boosts Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Invesco Ltd. lifted its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 362,518 shares of the company’s stock after purchasing an additional 14,254 shares during the period. Invesco Ltd. owned about 1.13% of Inter Parfums worth $47,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. GAMMA Investing LLC increased its stake in Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after buying an additional 81 shares in the last quarter. SRH Advisors LLC increased its position in shares of Inter Parfums by 791.7% during the fourth quarter. SRH Advisors LLC now owns 535 shares of the company’s stock worth $70,000 after purchasing an additional 475 shares in the last quarter. Blue Trust Inc. increased its position in shares of Inter Parfums by 25.7% during the fourth quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $106,000 after purchasing an additional 167 shares in the last quarter. Principal Securities Inc. raised its stake in Inter Parfums by 15.1% in the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock valued at $174,000 after purchasing an additional 174 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Inter Parfums by 23.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the company’s stock valued at $215,000 after purchasing an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Inter Parfums Price Performance

Inter Parfums stock opened at $104.62 on Wednesday. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $124.54 and a 200 day moving average price of $128.65. Inter Parfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15. The stock has a market cap of $3.36 billion, a P/E ratio of 22.45 and a beta of 1.15.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm had revenue of $361.50 million for the quarter, compared to analyst estimates of $361.56 million. Sell-side analysts anticipate that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.80 dividend. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums’s payout ratio is 62.87%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IPAR. Canaccord Genuity Group upped their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. DA Davidson reaffirmed a “buy” rating and set a $170.00 price objective on shares of Inter Parfums in a research note on Tuesday, March 25th. Finally, BWS Financial reissued a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Monday, March 17th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $162.80.

About Inter Parfums

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.