Inter Parfums (NASDAQ:IPAR) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Friday, September 1st. KeyCorp set a $44.00 target price on shares of Inter Parfums and gave the stock a “buy” rating in a research note on Monday, October 16th. DA Davidson cut their target price on shares of Inter Parfums from $49.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 15th. Finally, Sidoti downgraded shares of Inter Parfums from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $44.00.
Shares of Inter Parfums (NASDAQ IPAR) opened at $43.70 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.39 and a quick ratio of 2.54. Inter Parfums has a 12 month low of $31.45 and a 12 month high of $46.80. The company has a market cap of $1,358.18, a price-to-earnings ratio of 32.86, a PEG ratio of 2.75 and a beta of 1.77.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The business had revenue of $169.50 million for the quarter, compared to analyst estimates of $160.52 million. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. Inter Parfums’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. sell-side analysts anticipate that Inter Parfums will post 1.29 earnings per share for the current year.
In related news, Director Torres Robert Bensoussan sold 6,000 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $42.09, for a total transaction of $252,540.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 38,750 shares of company stock valued at $1,695,399. 45.40% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC boosted its position in Inter Parfums by 68.9% during the second quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock worth $116,000 after purchasing an additional 1,296 shares during the period. Victory Capital Management Inc. boosted its position in Inter Parfums by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock worth $150,000 after purchasing an additional 614 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Inter Parfums during the third quarter worth about $218,000. Municipal Employees Retirement System of Michigan boosted its position in Inter Parfums by 68.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,500 shares of the company’s stock worth $238,000 after purchasing an additional 2,640 shares during the period. Finally, Allianz Asset Management GmbH bought a new position in Inter Parfums during the third quarter worth about $268,000. Institutional investors own 55.39% of the company’s stock.
About Inter Parfums
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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