KBC Group NV cut its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 11.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,794 shares of the company’s stock after selling 2,849 shares during the period. KBC Group NV owned approximately 0.07% of Inter Parfums worth $940,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IPAR. Atlanta Capital Management Co. L L C lifted its position in Inter Parfums by 14.0% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,168,496 shares of the company’s stock worth $42,825,000 after acquiring an additional 143,072 shares during the last quarter. Systematic Financial Management LP lifted its position in Inter Parfums by 227.9% during the 2nd quarter. Systematic Financial Management LP now owns 178,344 shares of the company’s stock worth $6,536,000 after acquiring an additional 123,954 shares during the last quarter. Royce & Associates LP lifted its position in Inter Parfums by 20.4% during the 2nd quarter. Royce & Associates LP now owns 600,255 shares of the company’s stock worth $21,999,000 after acquiring an additional 101,565 shares during the last quarter. Renaissance Technologies LLC lifted its position in Inter Parfums by 37.1% during the 2nd quarter. Renaissance Technologies LLC now owns 343,713 shares of the company’s stock worth $12,597,000 after acquiring an additional 93,100 shares during the last quarter. Finally, Fort Pitt Capital Group LLC lifted its position in Inter Parfums by 31.6% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 386,988 shares of the company’s stock worth $14,183,000 after acquiring an additional 92,965 shares during the last quarter. Hedge funds and other institutional investors own 55.66% of the company’s stock.

A number of research analysts have weighed in on the stock. KeyCorp set a $44.00 target price on shares of Inter Parfums and gave the stock a “buy” rating in a research report on Monday, October 16th. DA Davidson lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a research report on Thursday, October 26th. Sidoti lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Thursday, September 21st. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $44.00.

Inter Parfums, Inc. (NASDAQ:IPAR) opened at $44.05 on Friday. The firm has a market cap of $1,380.01, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 2.79 and a beta of 1.77. The company has a current ratio of 3.39, a quick ratio of 2.54 and a debt-to-equity ratio of 0.07. Inter Parfums, Inc. has a 52-week low of $31.45 and a 52-week high of $46.80.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. The business had revenue of $169.50 million during the quarter, compared to analyst estimates 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 for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. equities analysts expect that Inter Parfums, Inc. will post 1.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.91%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. Inter Parfums’s dividend payout ratio is currently 51.13%.

In other news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 disclosure for this sale can be found here. 45.40% of the stock is currently owned by corporate insiders.

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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.

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

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