Principal Financial Group Inc. Has $4.75 Million Position in Inter Parfums, Inc. (NASDAQ:IPAR)
Principal Financial Group Inc. raised its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 3.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 130,036 shares of the company’s stock after buying an additional 4,572 shares during the period. Principal Financial Group Inc.’s holdings in Inter Parfums were worth $4,753,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Eagle Asset Management Inc. raised its position in Inter Parfums by 24.1% in the first quarter. Eagle Asset Management Inc. now owns 445,088 shares of the company’s stock valued at $16,267,000 after buying an additional 86,528 shares in the last quarter. Americafirst Capital Management LLC purchased a new position in Inter Parfums during the first quarter valued at approximately $1,905,000. Stifel Financial Corp raised its position in Inter Parfums by 19.3% in the first quarter. Stifel Financial Corp now owns 317,683 shares of the company’s stock valued at $11,621,000 after buying an additional 51,434 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Inter Parfums by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,345,953 shares of the company’s stock valued at $44,080,000 after buying an additional 48,111 shares in the last quarter. Finally, Tributary Capital Management LLC raised its position in Inter Parfums by 24.1% in the first quarter. Tributary Capital Management LLC now owns 247,248 shares of the company’s stock valued at $9,037,000 after buying an additional 48,070 shares in the last quarter. Institutional investors and hedge funds own 55.14% of the company’s stock.
Shares of Inter Parfums, Inc. (NASDAQ:IPAR) opened at 36.25 on Tuesday. The company’s 50 day moving average is $35.66 and its 200 day moving average is $35.14. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 28.77 and a beta of 1.76. Inter Parfums, Inc. has a one year low of $27.05 and a one year high of $41.70.
Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, May 9th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $143.10 million for the quarter, compared to the consensus estimate of $120.05 million. Inter Parfums had a net margin of 7.12% and a return on equity of 8.10%. Inter Parfums’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. Equities research analysts predict that Inter Parfums, Inc. will post $1.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Wednesday, June 28th. Inter Parfums’s dividend payout ratio is currently 53.54%.
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Several research firms have commented on IPAR. BidaskClub lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Jefferies Group LLC began coverage on shares of Inter Parfums in a report on Friday, June 2nd. They issued a “hold” rating and a $35.00 target price on the stock. Finally, DA Davidson reissued a “buy” rating and issued a $44.00 target price on shares of Inter Parfums in a report on Monday, May 8th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $39.57.
Inter Parfums Company Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
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