Alliancebernstein L.P. Has $613,000 Position in Inter Parfums, Inc. (NASDAQ:IPAR)
Alliancebernstein L.P. decreased its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 9.7% during the first quarter, Holdings Channel reports. The firm owned 16,767 shares of the company’s stock after selling 1,800 shares during the period. Alliancebernstein L.P.’s holdings in Inter Parfums were worth $613,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IPAR. State Street Corp boosted its position in Inter Parfums by 8.4% in the fourth quarter. State Street Corp now owns 372,497 shares of the company’s stock worth $12,198,000 after buying an additional 28,922 shares during the period. AQR Capital Management LLC increased its stake in shares of Inter Parfums by 0.5% in the fourth quarter. AQR Capital Management LLC now owns 8,265 shares of the company’s stock worth $271,000 after buying an additional 42 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Inter Parfums by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,300 shares of the company’s stock worth $305,000 after buying an additional 540 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Inter Parfums by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 28,027 shares of the company’s stock worth $918,000 after buying an additional 734 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Inter Parfums by 42.8% in the fourth quarter. Macquarie Group Ltd. now owns 64,400 shares of the company’s stock worth $2,109,000 after buying an additional 19,300 shares in the last quarter. Institutional investors own 54.18% of the company’s stock.
Shares of Inter Parfums, Inc. (NASDAQ IPAR) opened at 39.5002 on Monday. Inter Parfums, Inc. has a one year low of $29.40 and a one year high of $41.70. The firm has a 50-day moving average of $36.79 and a 200-day moving average of $35.72. The company has a market capitalization of $1.23 billion, a P/E ratio of 31.3494 and a beta of 1.77.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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%. The company’s revenue was up 28.3% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share. Analysts forecast that Inter Parfums, Inc. will post $1.27 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.76%. The ex-dividend date was Wednesday, June 28th. Inter Parfums’s payout ratio is 53.54%.
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A number of analysts have issued reports on IPAR shares. BidaskClub upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Monday, May 1st. Jefferies Group LLC started coverage on shares of Inter Parfums in a report on Friday, June 2nd. They issued a “hold” rating and a $35.00 price target on the stock. Finally, DA Davidson reiterated a “buy” rating and issued a $44.00 price target on shares of Inter Parfums in a report on Monday, May 8th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Inter Parfums has an average rating of “Buy” and an average target price of $39.57.
About Inter Parfums
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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