Inter Parfums (NASDAQ:IPAR) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday, September 25th.
A number of other analysts have also recently commented on the company. DA Davidson reissued a “buy” rating and issued a $75.00 price target on shares of Inter Parfums in a research report on Monday, September 17th. BWS Financial boosted their price target on Inter Parfums to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. Citigroup boosted their price target on Inter Parfums from $50.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Jefferies Financial Group set a $60.00 price objective on shares of Inter Parfums and gave the stock a “hold” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research lowered shares of Inter Parfums from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Inter Parfums has an average rating of “Hold” and a consensus target price of $65.33.
Inter Parfums stock opened at $56.17 on Tuesday. 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 company has a market cap of $2.02 billion, a price-to-earnings ratio of 42.23, a PEG ratio of 3.30 and a beta of 1.39. Inter Parfums has a fifty-two week low of $39.10 and a fifty-two week high of $67.50.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.09. Inter Parfums had a return on equity of 8.37% and a net margin of 7.54%. The business had revenue of $149.37 million for the quarter, compared to analysts’ expectations of $149.42 million. As a group, analysts forecast that Inter Parfums will post 1.6 earnings per share for the current year.
In other Inter Parfums news, CFO Russell Greenberg sold 1,059 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $66.50, for a total transaction of $70,423.50. Following the completion of the sale, the chief financial officer now directly owns 44 shares in the company, valued at approximately $2,926. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Philippe Santi sold 3,600 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $10,523.10, for a total transaction of $37,883,160.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,259 shares of company stock valued at $38,188,304. Company insiders own 45.00% of the company’s stock.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Inter Parfums in the 1st quarter worth $119,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Inter Parfums in the 2nd quarter worth $150,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Inter Parfums in the 2nd quarter worth $215,000. BB&T Securities LLC purchased a new stake in shares of Inter Parfums in the 1st quarter worth $202,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Inter Parfums in the 2nd quarter worth $241,000. Hedge funds and other institutional investors own 56.47% 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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