(NASDAQ:IPAR) by 19.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). Inter Parfums comprises about 1.8% of Ranger Investment Management L.P.'s portfolio, making the stock its 23rd largest position. Finally, Americafirst Capital Management LLC bought a new stake in shares of Inter Parfums during the first quarter valued at about $1,905,000.
Several other hedge funds also recently modified their holdings of the company.
First Trust Advisors LP decreased its stake in shares of Inter Parfums, Inc. Bank of Montreal Can now owns 3,733 shares of the company's stock worth $137,000 after buying an additional 430 shares during the period. Victory Capital Management Inc. now owns 3,483 shares of the company's stock valued at $127,000 after buying an additional 985 shares during the period. First National Bank of Omaha increased its stake in shares of Inter Parfums by 21.4% in the first quarter. Eagle Asset Management Inc. now owns 445,088 shares of the company's stock valued at $16,267,000 after buying an additional 86,528 shares in the last quarter. Bank of Montreal Can boosted its stake in Inter Parfums by 13.0% in the first quarter. The hedge funds in our partner's database now own: 16.49 million shares, down from 16.53 million shares in 2016Q3. Inter Parfums has a 12 month low of $27.05 and a 12 month high of $41.70.
Shares of Inter Parfums (NASDAQ:IPAR) traded down 0.14% during trading on Wednesday, reaching $36.60. Vanguard Group Inc. now owns 1,648,533 shares of the company's stock valued at $60,254,000 after buying an additional 89,133 shares in the last quarter. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 29.09 and a beta of 1.76. The company's 50-day moving average is $35.66 and its 200 day moving average is $35.14.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $143.10 million during the quarter, compared to analysts' expectations of $120.05 million. During the same period in the previous year, the firm earned $0.24 earnings per share. On average, analysts forecast that Inter Parfums will post $1.25 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, June 28th. Inter Parfums's dividend payout ratio (DPR) is 53.54%.
IPAR has been the topic of a number of research reports.
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A number of equities analysts recently commented on IPAR shares. Zacks Investment Research cut shares of Inter Parfums from a "hold" rating to a "sell" rating in a report on Tuesday, March 14th. Jefferies Group LLC began coverage on Inter Parfums in a research report on Friday, June 2nd. They issued a "hold" rating and a $35.00 price target on the stock. DA Davidson reissued a "buy" rating and issued a $44.00 price target on shares of Inter Parfums in a research note on Monday, May 8th. Finally, B. Riley increased their price target on shares of Inter Parfums from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, March 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The average 12 month target price among brokers that have covered the stock in the a year ago is $39.57.
About Inter Parfums Inter Parfums, Inc operates in the fragrance business. The Firm makes, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations.
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