BidaskClub cut shares of Inter Parfums (NASDAQ:IPAR) from a hold rating to a sell rating in a research note issued to investors on Friday, BidAskClub reports.

Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Inter Parfums from a hold rating to a buy rating and set a $86.00 target price for the company in a research report on Wednesday, April 10th. DA Davidson lowered shares of Inter Parfums from a buy rating to a neutral rating and upped their price target for the company from $72.00 to $84.00 in a research report on Tuesday, March 5th. Citigroup upped their price target on shares of Inter Parfums from $64.00 to $79.00 and gave the company a neutral rating in a research report on Wednesday, March 6th. Finally, Raymond James upped their price target on shares of Inter Parfums from $68.00 to $82.00 and gave the company an outperform rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $75.00.

Shares of NASDAQ:IPAR opened at $72.75 on Friday. Inter Parfums has a 52-week low of $45.25 and a 52-week high of $80.99. The firm has a market capitalization of $2.29 billion, a P/E ratio of 42.50, a P/E/G ratio of 3.15 and a beta of 0.88. The company has a quick ratio of 2.18, a current ratio of 3.05 and a debt-to-equity ratio of 0.04.

Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Monday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. Inter Parfums had a net margin of 7.96% and a return on equity of 9.17%. The company had revenue of $178.20 million during the quarter, compared to analyst estimates of $188.27 million. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts predict that Inter Parfums will post 1.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.275 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.10 annualized dividend and a yield of 1.51%. Inter Parfums’s payout ratio is 64.33%.

In other Inter Parfums news, CFO Russell Greenberg sold 3,941 shares of the company’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $67.25, for a total transaction of $265,032.25. Following the completion of the sale, the chief financial officer now directly owns 3,941 shares in the company, valued at $265,032.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 15,949 shares of company stock valued at $1,115,271. Company insiders own 45.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of IPAR. MetLife Investment Advisors LLC boosted its position in Inter Parfums by 52.7% during the third quarter. MetLife Investment Advisors LLC now owns 12,508 shares of the company’s stock valued at $806,000 after buying an additional 4,317 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Inter Parfums by 289.6% during the third quarter. AQR Capital Management LLC now owns 41,405 shares of the company’s stock worth $2,668,000 after purchasing an additional 30,778 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Inter Parfums by 3.1% during the third quarter. Teachers Advisors LLC now owns 34,382 shares of the company’s stock worth $2,216,000 after purchasing an additional 1,034 shares during the period. Legal & General Group Plc boosted its holdings in shares of Inter Parfums by 20.6% during the third quarter. Legal & General Group Plc now owns 40,998 shares of the company’s stock worth $2,639,000 after purchasing an additional 6,996 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Inter Parfums by 44.3% during the third quarter. Morgan Stanley now owns 117,744 shares of the company’s stock worth $7,589,000 after purchasing an additional 36,132 shares during the period. Institutional investors and hedge funds own 56.25% of the company’s stock.

Inter Parfums Company Profile

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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Analyst Recommendations for Inter Parfums (NASDAQ:IPAR)

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