Barclays PLC Has $9.28 Million Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Barclays PLC boosted its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 103.4% in the fourth quarter, HoldingsChannel reports. The firm owned 70,567 shares of the company’s stock after purchasing an additional 35,878 shares during the quarter. Barclays PLC’s holdings in Inter Parfums were worth $9,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of 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 during the period. SRH Advisors LLC boosted 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 worth $70,000 after acquiring an additional 475 shares during the period. Blue Trust Inc. increased its stake 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 during the period. Principal Securities Inc. lifted its holdings in 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 purchasing an additional 174 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Inter Parfums by 28.0% in the 4th 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 period. 55.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. DA Davidson reissued a “buy” rating and set a $170.00 target price on shares of Inter Parfums in a report on Tuesday, March 25th. BWS Financial reissued a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Monday, March 17th. Finally, Canaccord Genuity Group raised 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.80.

Inter Parfums Price Performance

Shares of NASDAQ:IPAR opened at $105.76 on Wednesday. The firm has a 50 day moving average of $121.25 and a 200-day moving average of $127.86. Inter Parfums, Inc. has a 12 month low of $97.65 and a 12 month high of $148.15. 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 stock has a market capitalization of $3.40 billion, a PE ratio of 22.70 and a beta of 1.15.

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). The firm had revenue of $361.50 million for the quarter, compared to analyst estimates of $361.56 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. On average, equities research analysts predict that Inter Parfums, Inc. will post 5.14 EPS for the current fiscal year.

Inter Parfums Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Friday, March 14th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.75. Inter Parfums’s payout ratio is currently 62.87%.

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.