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.
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.
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