American Century Companies Inc. Boosts Position in Inter Parfums, Inc. (NASDAQ:IPAR)

American Century Companies Inc. lifted its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 23.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 453,993 shares of the company’s stock after buying an additional 85,871 shares during the quarter. American Century Companies Inc. owned approximately 1.42% of Inter Parfums worth $59,705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in Inter Parfums by 0.3% during the 3rd quarter. State Street Corp now owns 676,253 shares of the company’s stock worth $87,561,000 after acquiring an additional 2,255 shares during the period. Victory Capital Management Inc. grew its position in shares of Inter Parfums by 55.0% during the 4th quarter. Victory Capital Management Inc. now owns 563,646 shares of the company’s stock valued at $74,125,000 after purchasing an additional 200,079 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Inter Parfums by 1.2% in the third quarter. Geode Capital Management LLC now owns 436,137 shares of the company’s stock worth $56,481,000 after purchasing an additional 5,056 shares during the period. Wellington Management Group LLP raised its position in shares of Inter Parfums by 44.2% in the third quarter. Wellington Management Group LLP now owns 323,863 shares of the company’s stock worth $41,934,000 after buying an additional 99,316 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its position in shares of Inter Parfums by 18.5% in the fourth quarter. Bahl & Gaynor Inc. now owns 321,845 shares of the company’s stock worth $42,326,000 after buying an additional 50,247 shares in the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Inter Parfums Stock Down 2.0 %

Shares of IPAR opened at $118.56 on Wednesday. Inter Parfums, Inc. has a 1 year low of $108.39 and a 1 year high of $148.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The stock has a 50 day simple moving average of $134.72 and a two-hundred day simple moving average of $129.91. The firm has a market cap of $3.81 billion, a P/E ratio of 25.44 and a beta of 1.18.

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

Inter Parfums Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.75. Inter Parfums’s payout ratio is 62.87%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IPAR. DA Davidson restated a “buy” rating and issued a $170.00 target price on shares of Inter Parfums in a research note on Tuesday. Piper Sandler upped their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Canaccord Genuity Group lifted their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Monday, March 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Inter Parfums presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.80.

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.