Philippe Benacin Sells 19,000 Shares of Inter Parfums, Inc. (IPAR) Stock

Inter Parfums, Inc. (NASDAQ:IPAR) insider Philippe Benacin sold 19,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $43.97, for a total transaction of $835,430.00. Following the completion of the sale, the insider now owns 74,876 shares in the company, valued at $3,292,297.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Inter Parfums, Inc. (IPAR) opened at $44.90 on Friday. The firm has a market cap of $1,400.30, a PE ratio of 33.01, a PEG ratio of 2.83 and a beta of 1.77. Inter Parfums, Inc. has a 1-year low of $31.45 and a 1-year high of $46.80. The company has a current ratio of 3.39, a quick ratio of 2.54 and a debt-to-equity ratio of 0.07.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The business had revenue of $169.50 million for the quarter, compared to analyst estimates of $160.52 million. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. research analysts anticipate that Inter Parfums, Inc. will post 1.29 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, December 28th. This is an increase from Inter Parfums’s previous quarterly dividend of $0.17. Inter Parfums’s dividend payout ratio is 51.13%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC increased its position in Inter Parfums by 68.9% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock worth $116,000 after purchasing an additional 1,296 shares in the last quarter. Victory Capital Management Inc. increased its position in Inter Parfums by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock worth $150,000 after purchasing an additional 614 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Inter Parfums in the third quarter valued at approximately $218,000. Municipal Employees Retirement System of Michigan grew its position in Inter Parfums by 68.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,500 shares of the company’s stock valued at $238,000 after acquiring an additional 2,640 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in Inter Parfums in the third quarter valued at approximately $268,000. 55.66% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. KeyCorp set a $44.00 price objective on shares of Inter Parfums and gave the stock a “buy” rating in a research report on Monday, October 16th. BidaskClub upgraded shares of Inter Parfums from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, DA Davidson reduced their target price on shares of Inter Parfums from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, November 15th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $44.00.

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About Inter Parfums

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.

Insider Buying and Selling by Quarter for Inter Parfums (NASDAQ:IPAR)

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