Patrick Choel Sells 750 Shares of Inter Parfums, Inc. (IPAR) Stock
Inter Parfums, Inc. (NASDAQ:IPAR) Director Patrick Choel sold 750 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $41.59, for a total transaction of $31,192.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Inter Parfums, Inc. (IPAR) opened at 42.00 on Thursday. The stock has a 50 day moving average of $39.82 and a 200 day moving average of $37.36. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 32.56 and a beta of 1.76. Inter Parfums, Inc. has a 12 month low of $29.40 and a 12 month high of $42.55.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The company had revenue of $129.10 million for the quarter, compared to the consensus estimate of $122.57 million. Inter Parfums had a net margin of 7.14% and a return on equity of 8.12%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. Equities analysts anticipate that Inter Parfums, Inc. will post $1.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, September 28th. Inter Parfums’s dividend payout ratio is currently 52.31%.
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Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Inter Parfums in the 1st quarter valued at about $107,000. Acrospire Investment Management LLC raised its stake in Inter Parfums by 68.9% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock valued at $116,000 after acquiring an additional 1,296 shares during the period. US Bancorp DE raised its stake in Inter Parfums by 45.4% in the 1st quarter. US Bancorp DE now owns 3,187 shares of the company’s stock valued at $116,000 after acquiring an additional 995 shares during the period. State of Alaska Department of Revenue raised its stake in Inter Parfums by 78.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,380 shares of the company’s stock valued at $123,000 after acquiring an additional 1,490 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Inter Parfums by 39.4% in the 1st quarter. Victory Capital Management Inc. now owns 3,483 shares of the company’s stock valued at $127,000 after acquiring an additional 985 shares during the period. Institutional investors and hedge funds own 55.61% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub raised shares of Inter Parfums from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Citigroup Inc. reissued a “buy” rating and issued a $45.00 price objective (up from $42.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Finally, DA Davidson reissued a “buy” rating and issued a $45.00 price objective (up from $44.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $42.60.
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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