Dimensional Fund Advisors LP Sells 5,917 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Dimensional Fund Advisors LP trimmed its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 702,058 shares of the company’s stock after selling 5,917 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.19% of Inter Parfums worth $92,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Inter Parfums by 293.0% during the third quarter. Barclays PLC now owns 34,689 shares of the company’s stock worth $4,492,000 after purchasing an additional 25,862 shares in the last quarter. Synovus Financial Corp lifted its holdings in Inter Parfums by 12.3% in the third quarter. Synovus Financial Corp now owns 4,546 shares of the company’s stock valued at $589,000 after buying an additional 499 shares during the period. GAMMA Investing LLC lifted its holdings in Inter Parfums by 55.9% in the fourth 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 period. Park Avenue Securities LLC lifted its holdings in Inter Parfums by 12.8% in the fourth quarter. Park Avenue Securities LLC now owns 2,872 shares of the company’s stock valued at $378,000 after buying an additional 326 shares during the period. Finally, Annex Advisory Services LLC lifted its holdings in Inter Parfums by 36.5% in the fourth quarter. Annex Advisory Services LLC now owns 118,390 shares of the company’s stock valued at $15,569,000 after buying an additional 31,654 shares during the period. 55.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on IPAR shares. Canaccord Genuity Group increased 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. Piper Sandler restated an “overweight” rating and issued a $138.00 price target (down from $169.00) on shares of Inter Parfums in a report on Thursday, April 24th. DA Davidson restated a “buy” rating and issued a $170.00 price target on shares of Inter Parfums in a report on Tuesday, March 25th. Finally, BWS Financial reiterated a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a report on Monday, March 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Inter Parfums has a consensus rating of “Moderate Buy” and a consensus target price of $157.60.

Inter Parfums Stock Performance

IPAR opened at $108.12 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. The business’s 50-day simple moving average is $118.51 and its 200 day simple moving average is $127.32. The firm has a market capitalization of $3.47 billion, a PE ratio of 23.20 and a beta of 1.15. Inter Parfums, Inc. has a 52-week low of $97.65 and a 52-week high of $148.15.

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

Inter Parfums Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.80 per share. The ex-dividend date was Friday, March 14th. This represents a $3.20 dividend on an annualized basis and a yield of 2.96%. This is an increase from Inter Parfums’s previous quarterly dividend of $0.75. Inter Parfums’s dividend 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.