O Shaughnessy Asset Management LLC Boosts Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

O Shaughnessy Asset Management LLC grew its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 80.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,815 shares of the company’s stock after acquiring an additional 2,140 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Inter Parfums were worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Inter Parfums by 55.9% in the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after buying an additional 81 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Inter Parfums by 7.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company’s stock worth $239,000 after buying an additional 124 shares during the last quarter. Level Four Advisory Services LLC boosted its holdings in shares of Inter Parfums by 1.9% in the 4th quarter. Level Four Advisory Services LLC now owns 8,101 shares of the company’s stock worth $1,065,000 after buying an additional 154 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Inter Parfums by 25.7% in the 4th quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $106,000 after buying an additional 167 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Inter Parfums by 15.1% in the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock worth $174,000 after buying an additional 174 shares during the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on IPAR. 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. Canaccord Genuity Group boosted their price target 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. Finally, DA Davidson reissued a “buy” rating and issued a $170.00 price target on shares of Inter Parfums in a report on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $162.80.

Inter Parfums Trading Up 8.9 %

Shares of Inter Parfums stock opened at $108.53 on Thursday. Inter Parfums, Inc. has a 52-week low of $97.65 and a 52-week high of $148.15. The stock’s 50-day simple moving average is $126.53 and its 200 day simple moving average is $129.04. The stock has a market capitalization of $3.49 billion, a P/E ratio of 23.29 and a beta of 1.15. 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 (NASDAQ:IPAR) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 earnings per share 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 company had revenue of $361.50 million for the quarter, compared to the consensus estimate of $361.56 million. As a group, research analysts anticipate that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.80 per share. The ex-dividend date was Friday, March 14th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 2.95%. Inter Parfums’s dividend payout ratio is currently 62.87%.

Inter Parfums Company 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.