Inter Parfums (NASDAQ:IPAR) insider Philippe Benacin sold 27,953 shares of the company’s stock in a transaction that occurred on Friday, April 20th. The shares were sold at an average price of $47.84, for a total value of $1,337,271.52. Following the completion of the transaction, the insider now owns 55,376 shares in the company, valued at $2,649,187.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Philippe Benacin also recently made the following trade(s):
- On Wednesday, April 18th, Philippe Benacin sold 3,851 shares of Inter Parfums stock. The shares were sold at an average price of $49.08, for a total value of $189,007.08.
Shares of NASDAQ IPAR opened at $47.35 on Friday. The company has a market capitalization of $1,493.19, a price-to-earnings ratio of 35.60, a PEG ratio of 2.56 and a beta of 1.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 3.29. Inter Parfums has a 52-week low of $34.05 and a 52-week high of $49.50.
Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, March 13th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $149.50 million for the quarter, compared to analyst estimates of $147.98 million. Inter Parfums had a return on equity of 7.68% and a net margin of 7.03%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 earnings per share. analysts predict that Inter Parfums will post 1.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Friday, March 30th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Wednesday, March 28th. Inter Parfums’s payout ratio is 63.16%.
IPAR has been the topic of a number of recent analyst reports. BidaskClub cut Inter Parfums from a “buy” rating to a “hold” rating in a report on Friday, December 29th. Citigroup set a $52.00 price objective on Inter Parfums and gave the company a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research cut Inter Parfums from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. DA Davidson upgraded Inter Parfums from a “neutral” rating to a “buy” rating and upped their price objective for the company from $46.00 to $51.00 in a report on Wednesday, January 10th. Finally, KeyCorp cut Inter Parfums from an “overweight” rating to a “sector weight” rating in a report on Monday, January 22nd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $48.33.
A number of hedge funds and other institutional investors have recently made changes to their positions in IPAR. Crossmark Global Holdings Inc. purchased a new stake in Inter Parfums in the fourth quarter valued at approximately $206,000. LPL Financial LLC purchased a new stake in Inter Parfums in the fourth quarter valued at approximately $222,000. Millennium Management LLC purchased a new stake in Inter Parfums in the fourth quarter valued at approximately $233,000. Jefferies Group LLC purchased a new stake in Inter Parfums in the fourth quarter valued at approximately $241,000. Finally, Ramsey Quantitative Systems purchased a new stake in Inter Parfums in the fourth quarter valued at approximately $245,000. 55.05% of the stock is currently owned by institutional investors.
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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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