Inter Parfums, Inc. (NASDAQ:IPAR) insider Pelayo Frederic Garcia sold 3,600 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $65.20, for a total transaction of $234,720.00. Following the completion of the sale, the insider now directly owns 1,000 shares in the company, valued at approximately $65,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
IPAR traded down $0.35 during trading on Thursday, reaching $64.95. 73,600 shares of the stock were exchanged, compared to its average volume of 103,824. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 49.55, a PEG ratio of 3.34 and a beta of 1.43. Inter Parfums, Inc. has a twelve month low of $39.10 and a twelve month high of $67.50. The company has a current ratio of 3.17, a quick ratio of 2.18 and a debt-to-equity ratio of 0.06.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, August 7th. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.09. The business had revenue of $149.37 million for the quarter, compared to the consensus estimate of $149.42 million. Inter Parfums had a net margin of 7.54% and a return on equity of 8.37%. research analysts forecast that Inter Parfums, Inc. will post 1.6 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 1.29%. Inter Parfums’s payout ratio is 63.16%.
A number of institutional investors and hedge funds have recently modified their holdings of IPAR. Millennium Management LLC acquired a new position in Inter Parfums during the fourth quarter worth $233,000. New York State Teachers Retirement System increased its holdings in shares of Inter Parfums by 22.1% in the first quarter. New York State Teachers Retirement System now owns 9,375 shares of the company’s stock valued at $442,000 after purchasing an additional 1,700 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Inter Parfums in the first quarter valued at $119,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Inter Parfums by 12.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 82,151 shares of the company’s stock valued at $3,874,000 after purchasing an additional 9,055 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in shares of Inter Parfums by 30.4% in the first quarter. Aperio Group LLC now owns 19,087 shares of the company’s stock valued at $900,000 after purchasing an additional 4,454 shares during the last quarter. Institutional investors and hedge funds own 56.48% of the company’s stock.
A number of analysts have recently commented on IPAR shares. ValuEngine lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Bank of America raised shares of Inter Parfums from a “neutral” rating to a “buy” rating in a research report on Thursday, May 10th. Raymond James raised shares of Inter Parfums from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 10th. They noted that the move was a valuation call. BidaskClub upgraded shares of Inter Parfums from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 19th. Finally, Zacks Investment Research downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Thursday, June 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $61.50.
About Inter Parfums
Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.
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