Royce & Associates LP Has $77.06 Million Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Royce & Associates LP increased its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 595,175 shares of the company’s stock after acquiring an additional 4,345 shares during the quarter. Inter Parfums comprises 0.7% of Royce & Associates LP’s holdings, making the stock its 18th largest holding. Royce & Associates LP’s holdings in Inter Parfums were worth $77,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in shares of Inter Parfums by 5,393.6% in the 3rd quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock worth $47,075,000 after purchasing an additional 356,949 shares during the period. American Century Companies Inc. lifted its holdings in Inter Parfums by 50.1% in the second quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock valued at $36,846,000 after buying an additional 106,044 shares during the period. F M Investments LLC bought a new stake in Inter Parfums during the second quarter valued at $9,328,000. Burney Co. acquired a new stake in Inter Parfums during the 1st quarter worth about $5,327,000. Finally, Vanguard Group Inc. raised its position in shares of Inter Parfums by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company’s stock worth $288,718,000 after acquiring an additional 30,316 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IPAR shares. DA Davidson reaffirmed a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a research note on Tuesday. Piper Sandler cut their price target on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday. StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, BWS Financial reissued a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a research note on Monday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.50.

Insider Transactions at Inter Parfums

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.96, for a total value of $188,940.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 43.90% of the stock is currently owned by insiders.

Inter Parfums Stock Up 2.0 %

IPAR stock opened at $130.72 on Friday. The stock’s 50 day simple moving average is $122.42 and its 200 day simple moving average is $122.47. The company has a market cap of $4.19 billion, a P/E ratio of 28.05 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. Inter Parfums, Inc. has a fifty-two week low of $108.39 and a fifty-two week high of $156.75.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. During the same period in the prior year, the firm earned $1.66 earnings per share. Inter Parfums’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, research analysts expect that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Inter Parfums Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, December 16th. Inter Parfums’s dividend payout ratio is currently 64.38%.

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.