Inter Parfums CFO Philippe Santi Unloads 1,000 Shares (IPAR)
Inter Parfums (NASDAQ:IPAR) CFO Philippe Santi sold 1,000 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $30.38, for a total value of $30,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Inter Parfums (NASDAQ:IPAR) traded up 1.55% during mid-day trading on Friday, hitting $30.83. The stock had a trading volume of 88,552 shares. Inter Parfums has a 1-year low of $16.38 and a 1-year high of $34.96. The stock’s 50-day moving average is $28.84 and its 200-day moving average is $29.56. The company has a market cap of $949.4 million and a price-to-earnings ratio of 6.46.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.04. The company had revenue of $117.50 million for the quarter, compared to the consensus estimate of $117.50 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 19.2% on a year-over-year basis. On average, analysts predict that Inter Parfums will post $1.23 earnings per share for the current fiscal year.
IPAR has been the subject of a number of recent research reports. Analysts at Wedbush reiterated an “outperform” rating on shares of Inter Parfums in a research note to investors on Thursday, September 12th. Separately, analysts at Zacks downgraded shares of Inter Parfums from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a $32.50 price target on the stock. Finally, analysts at B. Riley upgraded shares of Inter Parfums from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 9th. They now have a $34.00 price target on the stock, up previously from $33.00. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.43.
Inter Parfums, Inc operates in the fragrance business, and manufactures, markets and distributes an array of fragrances and fragrance related products.
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