Tidal Investments LLC buys new shares in Inter Parfums, Inc. (NASDAQ:IPAR)

VaselineAugust 10, 2024

0 3 minutes read

Tidal Investments LLC purchased a new position in Inter Parfums, Inc. (NASDAQ:IPAR – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,100 shares of the company’s stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IPAR. Principal Securities Inc. purchased a new stake in shares of Inter Parfums in the 4th quarter valued at about $30,000. Whittier Trust Co. purchased a new stake in Inter Parfums in the 1st quarter valued at $31,000. Signaturefd LLC increased its position in Inter Parfums by 87.4% during the 4th quarter. Signaturefd LLC now owns 223 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares during the period. Johnson Financial Group Inc. bought a new stake in Inter Parfums in the 4th quarter valued at $33,000. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Inter Parfums by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after buying an additional 121 shares in the last quarter. 55.57% of shares are owned by institutional investors.

Analysts set new price targets

Several analysts have recently commented on the stock. StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday. Jefferies Financial Group raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Friday, July 12th. Piper Sandler restated an “overweight” rating and issued a $151.00 target price (up from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. BWS Financial reiterated a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a report on Thursday. Finally, DA Davidson reaffirmed a “buy” rating and set a $192.00 target price on shares of Inter Parfums in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Inter Parfums has a consensus rating of “Moderate Buy” and an average price target of $163.75.

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Inter Parfums stock performance

NASDAQ IPAR traded down $3.26 on Friday, reaching $130.96. 85,411 shares of the stock traded hands, compared to its average volume of 146,227. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 30.18 and a beta of 1.18. Inter Parfums, Inc. has a 12-month low of $108.39 and a 12-month high of $156.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.43, and a current ratio of 2.75. The company’s fifty day moving average is $122.55 and its two hundred day moving average is $129.90.

Inter Parfums (NASDAQ:IPAR – Get Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.09. Inter Parfums had a return on equity of 15.85% and a net margin of 10.50%. The firm had revenue of $342.00 million during the quarter, compared to analysts’ expectations of $342.00 million. In the same quarter last year, the company earned $1.09 per share. The company’s revenue increased by 10.7% year-on-year. As a group, equities analysts anticipate that Inter Parfums, Inc. will post 5.15 EPS for the current fiscal year.

Inter Parfums dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, September 13. This represents a dividend of $3.00 on an annualized basis and a yield of 2.29%. Inter Parfums’s dividend payout ratio is currently 69.12%.

Inter Parfums company profile

(Free Report)

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, Operations based in Europe and Operations based in the United States. The company offers its perfumes and cosmetics under Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, ST