Inter Parfums, Inc. (NASDAQ:IPAR) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP decreased its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 71.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,487 shares of the company’s stock after selling 8,780 shares during the quarter. Bridgewater Associates LP’s holdings in Inter Parfums were worth $459,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Inter Parfums by 55.9% in the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after purchasing an additional 81 shares in the last quarter. SRH Advisors LLC raised its stake in Inter Parfums by 791.7% in the fourth quarter. SRH Advisors LLC now owns 535 shares of the company’s stock valued at $70,000 after buying an additional 475 shares in the last quarter. Blue Trust Inc. lifted its holdings in Inter Parfums by 25.7% during the 4th quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $106,000 after buying an additional 167 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Inter Parfums by 15.1% during the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock worth $174,000 after acquiring an additional 174 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Inter Parfums by 28.0% during the 4th quarter. Covestor Ltd now owns 1,517 shares of the company’s stock worth $200,000 after acquiring an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Inter Parfums Stock Performance

Shares of IPAR opened at $104.02 on Friday. The company’s 50 day simple moving average is $121.87 and its 200-day simple moving average is $127.95. Inter Parfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15. The firm has a market cap of $3.34 billion, a PE ratio of 22.32 and a beta of 1.15. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The business had revenue of $361.50 million during the quarter, compared to analyst estimates of $361.56 million. As a group, equities analysts predict that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.08%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.75. Inter Parfums’s payout ratio is presently 62.87%.

Analyst Upgrades and Downgrades

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

Inter Parfums Company Profile

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.