Inter Parfums, Inc. (IPAR) CFO Philippe Santi Sells 600 Shares
Inter Parfums, Inc. (NASDAQ:IPAR) CFO Philippe Santi sold 600 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $43.86, for a total transaction of $26,316.00. Following the completion of the sale, the chief financial officer now directly owns 600 shares in the company, valued at $26,316. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Inter Parfums, Inc. (NASDAQ:IPAR) traded up $0.85 during trading hours on Friday, hitting $44.90. 341,603 shares of the company’s stock were exchanged, compared to its average volume of 69,951. The firm has a market capitalization of $1,430.00, a PE ratio of 32.39, a price-to-earnings-growth ratio of 2.78 and a beta of 1.78. Inter Parfums, Inc. has a 52 week low of $31.45 and a 52 week 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.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.05. The company had revenue of $169.50 million for the quarter, compared to analysts’ expectations of $160.52 million. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 earnings per share. sell-side analysts predict that Inter Parfums, Inc. will post 1.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.87%. This is a boost from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, December 28th. Inter Parfums’s dividend payout ratio is 51.91%.
Several research firms recently issued reports on IPAR. Zacks Investment Research cut shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. KeyCorp set a $44.00 price target on shares of Inter Parfums and gave the company a “buy” rating in a report on Monday, October 16th. BidaskClub raised shares of Inter Parfums from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Finally, DA Davidson cut their price target on shares of Inter Parfums from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, November 15th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Inter Parfums has a consensus rating of “Buy” and a consensus price target of $44.00.
Large investors have recently modified their holdings of the business. Atlanta Capital Management Co. L L C grew its position in shares of Inter Parfums by 14.0% during the second quarter. Atlanta Capital Management Co. L L C now owns 1,168,496 shares of the company’s stock worth $42,825,000 after acquiring an additional 143,072 shares during the last quarter. Systematic Financial Management LP grew its position in shares of Inter Parfums by 227.9% during the second quarter. Systematic Financial Management LP now owns 178,344 shares of the company’s stock worth $6,536,000 after acquiring an additional 123,954 shares during the last quarter. Royce & Associates LP grew its position in shares of Inter Parfums by 20.4% during the second quarter. Royce & Associates LP now owns 600,255 shares of the company’s stock worth $21,999,000 after acquiring an additional 101,565 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Inter Parfums by 37.1% during the second quarter. Renaissance Technologies LLC now owns 343,713 shares of the company’s stock worth $12,597,000 after acquiring an additional 93,100 shares during the last quarter. Finally, Fort Pitt Capital Group LLC grew its position in shares of Inter Parfums by 31.6% during the second quarter. Fort Pitt Capital Group LLC now owns 386,988 shares of the company’s stock worth $14,183,000 after acquiring an additional 92,965 shares during the last quarter. 55.66% of the stock is currently owned by 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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