Inter Parfums (NASDAQ:IPAR) was downgraded by equities researchers at KeyCorp from an “overweight” rating to a “sector weight” rating in a research note issued on Monday, January 22nd, Marketbeat reports. KeyCorp also issued estimates for Inter Parfums’ Q4 2018 earnings at $0.14 EPS and FY2018 earnings at $1.41 EPS.
IPAR has been the subject of several other reports. Zacks Investment Research upgraded shares of Inter Parfums from a “sell” rating to a “buy” rating and set a $53.00 price target for the company in a report on Tuesday, January 16th. Citigroup cut shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a research note on Monday, January 22nd. DA Davidson dropped their price target on shares of Inter Parfums from $49.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 15th. Sidoti lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. Finally, BidaskClub lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $45.33.
Inter Parfums (NASDAQ:IPAR) traded up $1.45 during trading on Monday, hitting $44.45. 100,014 shares of the stock traded hands, compared to its average volume of 115,326. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39. The stock has a market capitalization of $1,337.91, a P/E ratio of 32.33, a P/E/G ratio of 2.43 and a beta of 1.70. Inter Parfums has a 1-year low of $33.72 and a 1-year high of $48.35.
In other news, CFO Philippe Santi sold 600 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $43.86, for a total value of $26,316.00. Following the sale, the chief financial officer now owns 600 shares in the company, valued at approximately $26,316. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philippe Benacin sold 19,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $43.97, for a total transaction of $835,430.00. Following the transaction, the insider now owns 74,876 shares in the company, valued at approximately $3,292,297.72. The disclosure for this sale can be found here. Insiders sold a total of 44,595 shares of company stock worth $2,010,612 in the last 90 days. 45.40% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors lifted its position in Inter Parfums by 20.2% during the 2nd quarter. Nationwide Fund Advisors now owns 34,850 shares of the company’s stock valued at $1,277,000 after purchasing an additional 5,856 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Inter Parfums in the 2nd quarter valued at about $1,012,000. AHL Partners LLP bought a new stake in shares of Inter Parfums in the 2nd quarter valued at about $242,000. OxFORD Asset Management LLP bought a new stake in shares of Inter Parfums in the 3rd quarter valued at about $904,000. Finally, Fort Pitt Capital Group LLC increased its stake in shares of Inter Parfums by 31.6% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 386,988 shares of the company’s stock valued at $14,183,000 after acquiring an additional 92,965 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.
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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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