Nisa Investment Advisors LLC Acquires 400 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Nisa Investment Advisors LLC grew its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 33.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,590 shares of the company’s stock after purchasing an additional 400 shares during the period. Nisa Investment Advisors LLC’s holdings in Inter Parfums were worth $229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in Inter Parfums by 17.1% during the first quarter. JPMorgan Chase & Co. now owns 114,363 shares of the company’s stock valued at $10,069,000 after acquiring an additional 16,670 shares in the last quarter. American Century Companies Inc. grew its stake in Inter Parfums by 21.1% during the first quarter. American Century Companies Inc. now owns 16,915 shares of the company’s stock valued at $1,489,000 after acquiring an additional 2,949 shares in the last quarter. Citigroup Inc. grew its stake in Inter Parfums by 10.0% during the first quarter. Citigroup Inc. now owns 15,487 shares of the company’s stock valued at $1,364,000 after acquiring an additional 1,412 shares in the last quarter. MetLife Investment Management LLC grew its stake in Inter Parfums by 51.4% during the first quarter. MetLife Investment Management LLC now owns 9,932 shares of the company’s stock valued at $875,000 after acquiring an additional 3,372 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Inter Parfums by 5.0% during the first quarter. Rhumbline Advisers now owns 55,065 shares of the company’s stock valued at $4,848,000 after acquiring an additional 2,604 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.

Insider Buying and Selling at Inter Parfums

In other Inter Parfums news, Director Gilbert Harrison sold 250 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $150.42, for a total transaction of $37,605.00. Following the completion of the sale, the director now owns 1,000 shares of the company’s stock, valued at approximately $150,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 43.90% of the stock is currently owned by corporate insiders.

Inter Parfums Price Performance

IPAR stock opened at $127.88 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.44 and a current ratio of 2.58. Inter Parfums, Inc. has a 52 week low of $120.71 and a 52 week high of $161.17. The firm’s fifty day moving average is $139.05 and its 200 day moving average is $135.51. The firm has a market cap of $4.09 billion, a P/E ratio of 26.92 and a beta of 1.13.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Tuesday, February 27th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). The business had revenue of $328.74 million for the quarter, compared to the consensus estimate of $329.00 million. Inter Parfums had a net margin of 11.59% and a return on equity of 17.62%. Inter Parfums’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. Research analysts predict that Inter Parfums, Inc. will post 5.16 earnings per share for the current year.

Inter Parfums Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.00 annualized dividend and a yield of 2.35%. This is a boost from Inter Parfums’s previous quarterly dividend of $0.63. Inter Parfums’s dividend payout ratio is presently 63.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Piper Sandler boosted their price target on shares of Inter Parfums from $175.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Wednesday.

About Inter Parfums

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.