Atlanta Capital Management Co. L L C Has $42.83 Million Holdings in Inter Parfums, Inc. (IPAR)

Atlanta Capital Management Co. L L C grew its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 14.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,168,496 shares of the company’s stock after buying an additional 143,072 shares during the quarter. Atlanta Capital Management Co. L L C owned 3.75% of Inter Parfums worth $42,825,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership purchased a new position in Inter Parfums during the 2nd quarter worth $1,012,000. State Street Corp raised its position in Inter Parfums by 5.5% during the 2nd quarter. State Street Corp now owns 422,743 shares of the company’s stock worth $15,493,000 after buying an additional 21,856 shares during the last quarter. Gotham Asset Management LLC raised its position in Inter Parfums by 32.0% during the 2nd quarter. Gotham Asset Management LLC now owns 9,936 shares of the company’s stock worth $364,000 after buying an additional 2,407 shares during the last quarter. AHL Partners LLP purchased a new position in Inter Parfums during the 2nd quarter worth $242,000. Finally, Stifel Financial Corp raised its position in Inter Parfums by 16.6% during the 2nd quarter. Stifel Financial Corp now owns 370,435 shares of the company’s stock worth $13,594,000 after buying an additional 52,752 shares during the last quarter. Institutional investors own 55.61% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. DA Davidson restated a “buy” rating and set a $45.00 price objective (up previously from $44.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Citigroup Inc. restated a “buy” rating and set a $45.00 price objective (up previously from $42.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Finally, BidaskClub upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $42.60.

Inter Parfums, Inc. (NASDAQ IPAR) traded up 1.34% during trading on Tuesday, hitting $41.60. 21,254 shares of the stock were exchanged. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 32.25 and a beta of 1.76. The stock’s 50 day moving average is $40.09 and its 200-day moving average is $37.45. Inter Parfums, Inc. has a one year low of $29.40 and a one year high of $42.55.

Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Monday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $129.10 million for the quarter, compared to analysts’ expectations of $122.57 million. Inter Parfums had a return on equity of 8.12% and a net margin of 7.14%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share. On average, equities research analysts expect that Inter Parfums, Inc. will post $1.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, September 28th. Inter Parfums’s payout ratio is 52.31%.

In related news, Director Patrick Choel sold 750 shares of Inter Parfums stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $41.59, for a total transaction of $31,192.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Russell Greenberg sold 2,500 shares of Inter Parfums stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $39.60, for a total transaction of $99,000.00. Following the sale, the chief financial officer now owns 5,500 shares in the company, valued at $217,800. The disclosure for this sale can be found here. Insiders sold 5,750 shares of company stock worth $227,943 over the last quarter. 45.40% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Atlanta Capital Management Co. L L C Has $42.83 Million Holdings in Inter Parfums, Inc. (IPAR)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright l

A number of other institutional investors have also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership purchased a new position in Inter Parfums during the 2nd quarter worth $1,012,000. State Street Corp raised its position in Inter Parfums by 5.5% during the 2nd quarter. State Street Corp now owns 422,743 shares of the company’s stock worth $15,493,000 after buying an additional 21,856 shares during the last quarter. Gotham Asset Management LLC raised its position in Inter Parfums by 32.0% during the 2nd quarter. Gotham Asset Management LLC now owns 9,936 shares of the company’s stock worth $364,000 after buying an additional 2,407 shares during the last quarter. AHL Partners LLP purchased a new position in Inter Parfums during the 2nd quarter worth $242,000. Finally, Stifel Financial Corp raised its position in Inter Parfums by 16.6% during the 2nd quarter. Stifel Financial Corp now owns 370,435 shares of the company’s stock worth $13,594,000 after buying an additional 52,752 shares during the last quarter. Institutional investors own 55.61% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. DA Davidson restated a “buy” rating and set a $45.00 price objective (up previously from $44.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Citigroup Inc. restated a “buy” rating and set a $45.00 price objective (up previously from $42.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Finally, BidaskClub upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $42.60.

Inter Parfums, Inc. (NASDAQ IPAR) traded up 1.34% during trading on Tuesday, hitting $41.60. 21,254 shares of the stock were exchanged. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 32.25 and a beta of 1.76. The stock’s 50 day moving average is $40.09 and its 200-day moving average is $37.45. Inter Parfums, Inc. has a one year low of $29.40 and a one year high of $42.55.

Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Monday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $129.10 million for the quarter, compared to analysts’ expectations of $122.57 million. Inter Parfums had a return on equity of 8.12% and a net margin of 7.14%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share. On average, equities research analysts expect that Inter Parfums, Inc. will post $1.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, September 28th. Inter Parfums’s payout ratio is 52.31%.

In related news, Director Patrick Choel sold 750 shares of Inter Parfums stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $41.59, for a total transaction of $31,192.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Russell Greenberg sold 2,500 shares of Inter Parfums stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $39.60, for a total transaction of $99,000.00. Following the sale, the chief financial officer now owns 5,500 shares in the company, valued at $217,800. The disclosure for this sale can be found here. Insiders sold 5,750 shares of company stock worth $227,943 over the last quarter. 45.40% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Atlanta Capital Management Co. L L C Has $42.83 Million Holdings in Inter Parfums, Inc. (IPAR)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/10/atlanta-capital-management-co-l-l-c-has-42-83-million-holdings-in-inter-parfums-inc-ipar.html.

Inter Parfums Profile

Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.

Institutional Ownership by Quarter for Inter Parfums (NASDAQ:IPAR)

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