According to Zacks, “Inter Parfums, Inc. is a world-wide provider of prestige perfumes and mass market perfumes and cosmetics. They operate in the fragrance and cosmetic industry, specializing in prestige perfumes and mass market perfumes and cosmetics. “
Other analysts have also issued research reports about the company. B. Riley reissued a buy rating and issued a $40.00 target price on shares of Inter Parfums in a research report on Friday, August 12th. TheStreet raised Inter Parfums from a hold rating to a buy rating in a research report on Wednesday, August 10th. Citigroup Inc. boosted their target price on Inter Parfums from $35.00 to $40.00 and gave the company a buy rating in a research report on Thursday, August 11th. Sidoti raised Inter Parfums from a neutral rating to a buy rating and set a $34.00 target price on the stock in a research report on Tuesday, June 28th. Finally, Brean Capital boosted their target price on Inter Parfums from $36.00 to $40.00 and gave the company a buy rating in a research report on Monday, August 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Inter Parfums currently has an average rating of Buy and a consensus price target of $36.71.
Shares of Inter Parfums (NASDAQ:IPAR) opened at 32.04 on Wednesday. The firm’s 50-day moving average price is $32.80 and its 200 day moving average price is $31.06. Inter Parfums has a 12 month low of $20.37 and a 12 month high of $35.07. The company has a market cap of $995.16 million, a PE ratio of 34.09 and a beta of 1.68.
Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The firm had revenue of $117.20 million for the quarter, compared to analyst estimates of $116.16 million. Inter Parfums had a net margin of 6.02% and a return on equity of 6.27%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. Equities research analysts anticipate that Inter Parfums will post $1.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.87%. Inter Parfums’s payout ratio is currently 63.16%.
In related news, insider Henry B. Clarke sold 5,582 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $34.50, for a total transaction of $192,579.00. Following the completion of the transaction, the insider now owns 2,707 shares in the company, valued at $93,391.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Russell Greenberg sold 2,677 shares of the business’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $34.80, for a total transaction of $93,159.60. Following the transaction, the chief financial officer now owns 677 shares of the company’s stock, valued at approximately $23,559.60. The disclosure for this sale can be found here. Corporate insiders own 45.50% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Bank of Montreal Can purchased a new position in shares of Inter Parfums during the second quarter worth approximately $111,000. Tower Research Capital LLC TRC purchased a new position in shares of Inter Parfums during the second quarter worth approximately $115,000. Huntington National Bank increased its position in shares of Inter Parfums by 5.6% in the second quarter. Huntington National Bank now owns 4,679 shares of the company’s stock worth $134,000 after buying an additional 249 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Inter Parfums by 80.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,893 shares of the company’s stock worth $168,000 after buying an additional 2,634 shares during the last quarter. Finally, KCG Holdings Inc. purchased a new position in shares of Inter Parfums during the second quarter worth approximately $219,000. Hedge funds and other institutional investors own 54.37% of the company’s stock.
About Inter Parfums
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes fragrances and fragrance-related products. It operates in two segments: European based operations and United States based operations. Under its European Operations, the Company produces and distributes fragrance products primarily under license agreements with brand owners and its prestige brands include Balmain, Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, S.T.
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