Charles Schwab Investment Management Inc. Has $26.18 Million Stake in Inter Parfums, Inc. (NASDAQ:IPAR)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 4.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 199,060 shares of the company’s stock after acquiring an additional 8,729 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Inter Parfums were worth $26,178,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Inter Parfums by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 436,137 shares of the company’s stock worth $56,481,000 after buying an additional 5,056 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Inter Parfums by 50.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 23,034 shares of the company’s stock worth $2,982,000 after buying an additional 7,771 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Inter Parfums by 36.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,108 shares of the company’s stock worth $540,000 after buying an additional 1,095 shares during the period. Annex Advisory Services LLC grew its position in shares of Inter Parfums by 36.5% during the 4th quarter. Annex Advisory Services LLC now owns 118,390 shares of the company’s stock worth $15,569,000 after buying an additional 31,654 shares during the period. Finally, Monument Capital Management acquired a new position in Inter Parfums during the fourth quarter valued at approximately $362,000. Institutional investors and hedge funds own 55.57% of the company’s stock.

Inter Parfums Stock Performance

Shares of IPAR opened at $124.92 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. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $148.15. The firm’s 50 day moving average price is $135.80 and its two-hundred day moving average price is $130.10. The firm has a market cap of $4.01 billion, a P/E ratio of 26.81 and a beta of 1.18.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly 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). Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The company had revenue of $361.50 million during the quarter, compared to the consensus estimate of $361.56 million. On average, analysts forecast that Inter Parfums, Inc. will post 5.14 EPS for the current fiscal year.

Inter Parfums Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.80 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.20 dividend on an annualized basis and a yield of 2.56%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.75. Inter Parfums’s payout ratio is presently 62.87%.

Analyst Ratings Changes

IPAR has been the subject of a number of analyst reports. BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a report on Monday. Canaccord Genuity Group boosted their price objective on shares of Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, February 27th. DA Davidson boosted their price objective on shares of Inter Parfums from $163.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Piper Sandler boosted their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.80.

Inter Parfums Profile

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.