Baird Financial Group Inc. Has $451,000 Stock Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Baird Financial Group Inc. reduced its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 4.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,430 shares of the company’s stock after selling 160 shares during the quarter. Baird Financial Group Inc.’s holdings in Inter Parfums were worth $451,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IPAR. Barclays PLC increased its position in Inter Parfums by 293.0% in the 3rd quarter. Barclays PLC now owns 34,689 shares of the company’s stock valued at $4,492,000 after acquiring an additional 25,862 shares during the period. Park Avenue Securities LLC increased its position in Inter Parfums by 12.8% in the 4th quarter. Park Avenue Securities LLC now owns 2,872 shares of the company’s stock valued at $378,000 after acquiring an additional 326 shares during the period. Annex Advisory Services LLC increased its position in Inter Parfums by 36.5% in the 4th quarter. Annex Advisory Services LLC now owns 118,390 shares of the company’s stock valued at $15,569,000 after acquiring an additional 31,654 shares during the period. SG Americas Securities LLC increased its position in Inter Parfums by 282.6% in the 4th quarter. SG Americas Securities LLC now owns 7,506 shares of the company’s stock valued at $987,000 after acquiring an additional 5,544 shares during the period. Finally, Blue Trust Inc. increased its position in Inter Parfums by 25.7% in the 4th quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $106,000 after acquiring an additional 167 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total value of $183,225.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 43.90% of the stock is owned by insiders.

Analyst Ratings Changes

IPAR has been the subject of several recent analyst reports. DA Davidson reiterated a “buy” rating and set a $170.00 price objective on shares of Inter Parfums in a research report on Tuesday, March 25th. Canaccord Genuity Group increased their price objective on shares of Inter Parfums from $158.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Piper Sandler reiterated an “overweight” rating and set a $138.00 price objective (down from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. Finally, BWS Financial reiterated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Inter Parfums currently has a consensus rating of “Moderate Buy” and an average price target of $157.60.

Inter Parfums Stock Up 0.7%

Shares of NASDAQ IPAR opened at $125.08 on Friday. The firm has a market cap of $4.02 billion, a PE ratio of 26.84 and a beta of 1.33. Inter Parfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15. The company’s fifty day simple moving average is $113.77 and its 200 day simple moving average is $126.94. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.19. The business had revenue of $339.00 million for the quarter, compared to analyst estimates of $329.21 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. Inter Parfums’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 earnings per share. As a group, sell-side analysts forecast that Inter Parfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 2.56%. Inter Parfums’s dividend payout ratio is currently 62.26%.

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.