William Blair Investment Management LLC Sells 180 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

William Blair Investment Management LLC lessened its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 233,724 shares of the company’s stock after selling 180 shares during the period. William Blair Investment Management LLC’s holdings in Inter Parfums were worth $30,737,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of IPAR. GAMMA Investing LLC raised its stake in Inter Parfums by 55.9% during the fourth 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. SRH Advisors LLC raised its stake in Inter Parfums by 791.7% during the fourth quarter. SRH Advisors LLC now owns 535 shares of the company’s stock worth $70,000 after buying an additional 475 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new stake in Inter Parfums in the third quarter valued at $104,000. Blue Trust Inc. increased its stake in Inter Parfums by 25.7% in the fourth quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $106,000 after purchasing an additional 167 shares in the last quarter. Finally, Principal Securities Inc. increased its stake in Inter Parfums by 15.1% in the fourth quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock valued at $174,000 after purchasing an additional 174 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IPAR. Piper Sandler lifted their price target on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. BWS Financial reaffirmed a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Monday. DA Davidson lifted their price target on shares of Inter Parfums from $163.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Canaccord Genuity Group lifted their price target on shares of Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.80.

Inter Parfums Trading Down 2.6 %

NASDAQ:IPAR opened at $121.63 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The firm has a 50-day moving average of $135.50 and a 200-day moving average of $130.04. The company has a market cap of $3.91 billion, a PE ratio of 26.10 and a beta of 1.18. Inter Parfums, Inc. has a one year low of $108.39 and a one year high of $148.15.

Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $361.50 million for the quarter, compared to the consensus estimate of $361.56 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. As a group, equities research analysts expect that Inter Parfums, Inc. will post 5.14 EPS for the current fiscal year.

Inter Parfums Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.80 per share. The ex-dividend date is 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 yield of 2.63%. Inter Parfums’s payout ratio is 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.