Insider Selling: Inter Parfums, Inc. (IPAR) CFO Sells 600 Shares of Stock
Inter Parfums, Inc. (NASDAQ:IPAR) CFO Philippe Santi sold 600 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $43.86, for a total value of $26,316.00. Following the sale, the chief financial officer now directly owns 600 shares of the company’s stock, valued at approximately $26,316. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Inter Parfums, Inc. (NASDAQ:IPAR) traded up $0.85 during trading hours on Friday, reaching $44.90. The company’s stock had a trading volume of 341,603 shares, compared to its average volume of 82,564. Inter Parfums, Inc. has a twelve month low of $31.45 and a twelve month high of $46.80. The company has a quick ratio of 2.54, a current ratio of 3.39 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1,380.01, a price-to-earnings ratio of 32.54, a PEG ratio of 2.79 and a beta of 1.77.
Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $169.50 million during the quarter, compared to analyst estimates of $160.52 million. Inter Parfums had a return on equity of 8.06% and a net margin of 7.13%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. equities analysts anticipate that Inter Parfums, Inc. will post 1.29 earnings per share for the current year.
Several analysts have issued reports on IPAR shares. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Thursday, October 26th. KeyCorp set a $44.00 price target on Inter Parfums and gave the company a “buy” rating in a report on Monday, October 16th. Sidoti lowered Inter Parfums from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Finally, DA Davidson lowered Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $44.00.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its stake in shares of Inter Parfums by 68.9% in the second quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock worth $116,000 after acquiring an additional 1,296 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Inter Parfums by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock worth $150,000 after acquiring an additional 614 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Inter Parfums in the third quarter worth about $218,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of 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 worth $238,000 after acquiring an additional 2,640 shares during the period. Finally, AHL Partners LLP bought a new position in shares of Inter Parfums in the second quarter worth about $242,000. 55.66% of the stock is owned by hedge funds and other institutional investors.
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Inter Parfums Company Profile
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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