Insider Selling: Inter Parfums, Inc. (IPAR) Insider Sells 1,200 Shares of Stock

Inter Parfums, Inc. (NASDAQ:IPAR) insider Pelayo Frederic Garcia sold 1,200 shares of Inter Parfums stock in a transaction on Friday, December 15th. The stock was sold at an average price of $45.10, for a total value of $54,120.00. Following the sale, the insider now directly owns 1,200 shares of the company’s stock, valued at approximately $54,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Inter Parfums, Inc. (IPAR) traded up $0.30 during mid-day trading on Monday, reaching $45.20. The company had a trading volume of 82,498 shares, compared to its average volume of 82,563. The firm has a market capitalization of $1,400.30, a P/E ratio of 33.01, a PEG ratio of 2.83 and a beta of 1.77. Inter Parfums, Inc. has a fifty-two week low of $31.45 and a fifty-two week high of $46.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. The business had revenue of $169.50 million during the quarter, compared to the consensus estimate of $160.52 million. Inter Parfums had a return on equity of 8.06% and a net margin of 7.13%. Inter Parfums’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. analysts anticipate that Inter Parfums, Inc. will post 1.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.86%. 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 payout ratio is 51.13%.

A number of equities research analysts have recently weighed in on IPAR shares. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Thursday, October 26th. KeyCorp set a $44.00 target price on Inter Parfums and gave the stock a “buy” rating in a report on Monday, October 16th. Sidoti downgraded Inter Parfums from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Finally, DA Davidson downgraded Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Inter Parfums has a consensus rating of “Buy” and a consensus target price of $44.00.

Hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC raised its stake in Inter Parfums by 68.9% in the second quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock valued at $116,000 after purchasing an additional 1,296 shares in the last quarter. Victory Capital Management Inc. raised its stake in Inter Parfums by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock valued at $150,000 after purchasing an additional 614 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Inter Parfums in the third quarter valued at about $218,000. Municipal Employees Retirement System of Michigan raised its stake 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 purchasing an additional 2,640 shares in the last quarter. Finally, AHL Partners LLP acquired a new position in Inter Parfums in the second quarter valued at about $242,000. 55.66% of the stock is owned by institutional investors and hedge funds.

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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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