Inter Parfums, Inc. (NASDAQ:IPAR) Short Interest Update

Inter Parfums, Inc. (NASDAQ:IPAR) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 1,130,000 shares, an increase of 46.9% from the March 15th total of 769,000 shares. Based on an average daily volume of 250,400 shares, the short-interest ratio is presently 4.5 days. Approximately 6.2% of the company’s stock are short sold.

Inter Parfums Stock Up 1.5 %

IPAR opened at $104.02 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. Inter Parfums has a 12 month low of $97.65 and a 12 month high of $148.15. The stock’s 50 day moving average price is $122.56 and its 200 day moving average price is $128.12. The stock has a market cap of $3.34 billion, a P/E ratio of 22.32 and a beta of 1.15.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Tuesday, February 25th. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The firm had revenue of $361.50 million during the quarter, compared to analyst estimates of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. As a group, research analysts predict that Inter Parfums will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.80 per share. This is an increase from Inter Parfums’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.08%. Inter Parfums’s payout ratio is currently 62.87%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted 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 valued at $30,000 after buying an additional 81 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in shares of Inter Parfums by 210.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company’s stock valued at $67,000 after buying an additional 347 shares during the last quarter. SRH Advisors LLC raised its stake in shares of 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. Canada Pension Plan Investment Board increased its stake in Inter Parfums by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock valued at $105,000 after acquiring an additional 400 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Inter Parfums by 25.7% in the 4th 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 period. Institutional investors and hedge funds own 55.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on IPAR. Canaccord Genuity Group lifted their price target on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Monday, March 17th. Finally, 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $162.80.

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.