Janus Henderson Group PLC Sells 123 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Janus Henderson Group PLC decreased its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,699 shares of the company’s stock after selling 123 shares during the quarter. Janus Henderson Group PLC’s holdings in Inter Parfums were worth $4,433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Legal & General Group Plc increased 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 period. Steward Partners Investment Advisory LLC increased 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 period. Vanguard Group Inc. increased 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 period. Wells Fargo & Company MN increased 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 period. Finally, Annex Advisory Services LLC increased 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 period. Institutional investors own 55.57% of the company’s stock.

Insider Activity at Inter Parfums

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 43.90% of the company’s stock.

Analysts Set New Price Targets

IPAR has been the topic of a number of research reports. Canaccord Genuity Group raised their target price on shares of Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $138.00 price objective (down previously from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. BWS Financial reaffirmed a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research report on Wednesday, May 7th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Inter Parfums in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $157.60.

Inter Parfums Stock Up 1.3%

NASDAQ:IPAR opened at $126.73 on Monday. The company has a market cap of $4.07 billion, a PE ratio of 27.20 and a beta of 1.33. Inter Parfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. 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’s 50 day moving average is $113.72 and its two-hundred day moving average is $127.01.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Monday, May 5th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate 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%. Inter Parfums’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 EPS. Analysts anticipate that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.80 dividend. This is a boost from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Friday, March 14th. Inter Parfums’s payout ratio is currently 62.26%.

Inter Parfums Company 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.