Trexquant Investment LP Sells 7,641 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Trexquant Investment LP trimmed its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 35.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,127 shares of the company’s stock after selling 7,641 shares during the period. Trexquant Investment LP’s holdings in Inter Parfums were worth $1,858,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of IPAR. GAMMA Investing LLC boosted its stake 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 during the last quarter. SRH Advisors LLC increased 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 purchasing an additional 475 shares in the last quarter. Blue Trust Inc. raised its stake 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 period. Principal Securities Inc. raised its position 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 worth $174,000 after purchasing an additional 174 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Inter Parfums by 23.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the company’s stock valued at $215,000 after buying an additional 310 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on IPAR. DA Davidson reissued a “buy” rating and set a $170.00 price target on shares of Inter Parfums in a research report on Tuesday, March 25th. Canaccord Genuity Group increased 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 reaffirmed a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Monday, March 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.80.

Inter Parfums Trading Down 3.4 %

Shares of Inter Parfums stock opened at $99.70 on Wednesday. The company’s 50-day moving average price is $127.87 and its 200-day moving average price is $129.27. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 21.39 and a beta of 1.15. 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.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $361.56 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. On average, equities analysts expect that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal 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 issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.21%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums’s payout ratio is presently 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.