Inter Parfums (NASDAQ:IPAR) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, September 18th.
Several other equities analysts have also commented on IPAR. DA Davidson upped their price target on shares of Inter Parfums to $72.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Zacks Investment Research lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. ValuEngine upgraded Inter Parfums from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. BWS Financial increased their price objective on Inter Parfums from $56.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Finally, Jefferies Financial Group set a $60.00 price objective on Inter Parfums and gave the stock a “hold” rating in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $65.33.
Shares of NASDAQ IPAR traded down $0.85 during trading on Tuesday, reaching $56.17. 78,221 shares of the stock were exchanged, compared to its average volume of 102,672. Inter Parfums has a twelve month low of $39.10 and a twelve month high of $67.50. The company has a current ratio of 3.17, a quick ratio of 2.18 and a debt-to-equity ratio of 0.06. The stock has a market cap of $2.02 billion, a P/E ratio of 42.23, a PEG ratio of 3.30 and a beta of 1.39.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.09. Inter Parfums had a net margin of 7.54% and a return on equity of 8.37%. The firm had revenue of $149.37 million for the quarter, compared to analysts’ expectations of $149.42 million. On average, research analysts expect that Inter Parfums will post 1.6 EPS for the current fiscal year.
In other Inter Parfums news, CFO Russell Greenberg sold 1,059 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $66.50, for a total transaction of $70,423.50. Following the completion of the transaction, the chief financial officer now directly owns 44 shares in the company, valued at $2,926. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Philippe Santi sold 3,600 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $10,523.10, for a total value of $37,883,160.00. The disclosure for this sale can be found here. Insiders sold 8,259 shares of company stock valued at $38,188,304 over the last three months. 45.00% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the company. Northern Trust Corp increased its stake in shares of Inter Parfums by 1.5% in the second quarter. Northern Trust Corp now owns 748,289 shares of the company’s stock valued at $40,033,000 after buying an additional 11,396 shares in the last quarter. Moody Aldrich Partners LLC acquired a new stake in Inter Parfums in the second quarter worth about $3,307,000. Bank of New York Mellon Corp increased its position in Inter Parfums by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 478,231 shares of the company’s stock worth $25,585,000 after purchasing an additional 31,499 shares during the period. California Public Employees Retirement System increased its position in Inter Parfums by 9.0% in the second quarter. California Public Employees Retirement System now owns 37,292 shares of the company’s stock worth $1,995,000 after purchasing an additional 3,078 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Inter Parfums in the second quarter worth about $835,000. Institutional investors own 56.47% of the company’s stock.
About Inter Parfums
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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