1,920 Shares in Inter Parfums, Inc. (NASDAQ:IPAR) Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC bought a new position in Inter Parfums, Inc. (NASDAQ:IPAR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,920 shares of the company’s stock, valued at approximately $252,000.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Inter Parfums by 55.9% in the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after buying an additional 81 shares during the last quarter. SRH Advisors LLC raised its holdings in shares of Inter Parfums by 791.7% during the fourth quarter. SRH Advisors LLC now owns 535 shares of the company’s stock valued at $70,000 after purchasing an additional 475 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Inter Parfums by 25.7% during the fourth quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $106,000 after purchasing an additional 167 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Inter Parfums by 15.1% during the fourth 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, Covestor Ltd raised its holdings in shares of Inter Parfums by 28.0% during the fourth quarter. Covestor Ltd now owns 1,517 shares of the company’s stock valued at $200,000 after purchasing an additional 332 shares during the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Inter Parfums Stock Down 0.3 %

Shares of IPAR stock opened at $108.12 on Tuesday. 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 $3.47 billion, a P/E ratio of 23.20 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. The company has a 50 day simple moving average of $118.51 and a two-hundred day simple moving average of $127.32.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $361.56 million. On average, research analysts expect that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.96%. This is an increase from Inter Parfums’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 14th. Inter Parfums’s payout ratio is presently 62.87%.

Wall Street Analysts Forecast Growth

IPAR has been the subject of several research reports. BWS Financial reissued a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a report on Monday, March 17th. Piper Sandler reissued an “overweight” rating and set a $138.00 price objective (down from $169.00) on shares of Inter Parfums in a report on Thursday, April 24th. DA Davidson reaffirmed a “buy” rating and set a $170.00 target price on shares of Inter Parfums in a report on Tuesday, March 25th. Finally, Canaccord Genuity Group upped their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Inter Parfums presently has an average rating of “Moderate Buy” and a consensus target price of $157.60.

Inter Parfums 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.