Inter Parfums, Inc. (NASDAQ:IPAR) CFO Russell Greenberg sold 5,000 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $47.50, for a total transaction of $237,500.00. Following the transaction, the chief financial officer now owns 5,000 shares in the company, valued at $237,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Russell Greenberg also recently made the following trade(s):
- On Tuesday, January 16th, Russell Greenberg sold 7,595 shares of Inter Parfums stock. The shares were sold at an average price of $47.59, for a total transaction of $361,446.05.
- On Thursday, December 21st, Russell Greenberg sold 3,000 shares of Inter Parfums stock. The shares were sold at an average price of $45.00, for a total transaction of $135,000.00.
Inter Parfums, Inc. (IPAR) traded up $1.40 during mid-day trading on Tuesday, hitting $47.65. 163,080 shares of the company traded hands, compared to its average volume of 97,950. 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, Inc. has a 1-year low of $31.45 and a 1-year high of $48.30. The firm has a market cap of $1,442.39, a price-to-earnings ratio of 35.83, a PEG ratio of 2.61 and a beta of 1.77.
The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were given a dividend of $0.21 per share. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.76%. Inter Parfums’s payout ratio is currently 63.16%.
Several research firms recently issued reports on IPAR. Zacks Investment Research raised shares of Inter Parfums from a “sell” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Tuesday. BidaskClub lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a research note on Friday, December 29th. DA Davidson lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research note on Thursday, October 26th. Citigroup set a $52.00 price objective on shares of Inter Parfums and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Finally, Sidoti lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $46.17.
A number of institutional investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH acquired a new position in Inter Parfums during the 3rd quarter worth $268,000. Stifel Financial Corp lifted its position in Inter Parfums by 6.8% during the 3rd quarter. Stifel Financial Corp now owns 395,782 shares of the company’s stock worth $16,335,000 after acquiring an additional 25,347 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in Inter Parfums during the 3rd quarter worth $904,000. Dimensional Fund Advisors LP lifted its position in Inter Parfums by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,424,957 shares of the company’s stock worth $58,780,000 after acquiring an additional 33,230 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Inter Parfums during the 3rd quarter worth $218,000. 55.39% of the stock is owned by hedge funds and other institutional investors.
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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