Silvercrest Asset Management Group LLC Acquires 20,161 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Silvercrest Asset Management Group LLC increased its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 28.1% in the 4th quarter, Holdings Channel reports. The fund owned 91,855 shares of the company’s stock after buying an additional 20,161 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Inter Parfums were worth $12,080,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Legal & General Group Plc grew its position in Inter Parfums by 7.9% during the 4th quarter. Legal & General Group Plc now owns 53,264 shares of the company’s stock valued at $7,005,000 after purchasing an additional 3,911 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Inter Parfums by 36.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,108 shares of the company’s stock valued at $540,000 after purchasing an additional 1,095 shares during the last quarter. Vanguard Group Inc. grew its position in Inter Parfums by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 2,050,621 shares of the company’s stock valued at $269,677,000 after purchasing an additional 20,721 shares during the last quarter. Wells Fargo & Company MN grew its position in Inter Parfums by 3.8% during the 4th quarter. Wells Fargo & Company MN now owns 49,109 shares of the company’s stock valued at $6,458,000 after purchasing an additional 1,780 shares during the last quarter. Finally, Annex Advisory Services LLC grew its position in Inter Parfums by 36.5% during the 4th quarter. Annex Advisory Services LLC now owns 118,390 shares of the company’s stock valued at $15,569,000 after purchasing an additional 31,654 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Piper Sandler reissued 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. BWS Financial reaffirmed a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a report on Wednesday, May 7th. DA Davidson reaffirmed a “buy” rating and set a $170.00 price target on shares of Inter Parfums in a report on Tuesday, March 25th. Finally, Canaccord Genuity Group raised their price target on shares of Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.60.

Inter Parfums Stock Performance

IPAR opened at $126.73 on Friday. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 27.20 and a beta of 1.33. The company’s 50 day moving average is $113.72 and its 200 day moving average is $126.97. Inter Parfums, Inc. has a 12-month low of $97.65 and a 12-month high of $148.15.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. The company had revenue of $339.00 million for the quarter, compared to the consensus estimate of $329.21 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.27 earnings per share. On average, equities research analysts predict that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.80 dividend. This is an increase from Inter Parfums’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.53%. Inter Parfums’s dividend payout ratio (DPR) is presently 62.26%.

Inter Parfums 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.