Zebra Capital Management LLC reduced its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 13.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,856 shares of the company’s stock after selling 1,917 shares during the quarter. Zebra Capital Management LLC’s holdings in Inter Parfums were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of IPAR. CENTRAL TRUST Co bought a new position in shares of Inter Parfums during the second quarter worth $48,000. Krane Funds Advisors LLC bought a new position in shares of Inter Parfums during the second quarter worth $57,000. Marshall Wace North America L.P. bought a new position in shares of Inter Parfums during the first quarter worth $136,000. Huntington National Bank boosted its position in shares of Inter Parfums by 13.4% during the second quarter. Huntington National Bank now owns 2,193 shares of the company’s stock worth $146,000 after acquiring an additional 259 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Inter Parfums by 712.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,290 shares of the company’s stock worth $173,000 after acquiring an additional 2,008 shares during the last quarter. Institutional investors and hedge funds own 54.11% of the company’s stock.
A number of equities analysts recently weighed in on IPAR shares. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Tuesday, July 30th. BidaskClub upgraded shares of Inter Parfums from a “strong sell” rating to a “sell” rating in a research report on Saturday. ValuEngine lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, DA Davidson upgraded shares of Inter Parfums from a “neutral” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Monday, June 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $76.20.
Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The company had revenue of $166.20 million for the quarter, compared to the consensus estimate of $166.20 million. Inter Parfums had a net margin of 8.33% and a return on equity of 9.84%. Inter Parfums’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. As a group, sell-side analysts forecast that Inter Parfums, Inc. will post 1.89 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Friday, September 27th. Inter Parfums’s payout ratio is 64.33%.
In related news, CEO Jean Madar sold 52,800 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $67.18, for a total transaction of $3,547,104.00. Following the sale, the chief executive officer now owns 71,784 shares of the company’s stock, valued at $4,822,449.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 44.60% of the stock is owned by corporate insiders.
Inter Parfums Company Profile
Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.
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