Inter Parfums (NASDAQ:IPAR) insider Philippe Benacin sold 27,923 shares of the stock in a transaction on Monday, May 14th. The stock was sold at an average price of $47.78, for a total transaction of $1,334,160.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Philippe Benacin also recently made the following trade(s):
- On Wednesday, April 18th, Philippe Benacin sold 3,851 shares of Inter Parfums stock. The stock was sold at an average price of $49.08, for a total transaction of $189,007.08.
- On Friday, April 20th, Philippe Benacin sold 27,953 shares of Inter Parfums stock. The stock was sold at an average price of $47.84, for a total transaction of $1,337,271.52.
Inter Parfums traded up $0.35, hitting $48.65, during trading hours on Tuesday, according to MarketBeat. 93,000 shares of the company’s stock were exchanged, compared to its average volume of 114,490. Inter Parfums has a 1-year low of $47.95 and a 1-year high of $48.75. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 2.44 and a beta of 1.58. The company has a current ratio of 3.36, a quick ratio of 2.53 and a debt-to-equity ratio of 0.05.
Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, May 8th. The company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Inter Parfums had a net margin of 7.12% and a return on equity of 7.80%. The business had revenue of $171.77 million during the quarter, compared to analysts’ expectations of $159.85 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The firm’s revenue was up 20.1% on a year-over-year basis. research analysts predict that Inter Parfums will post 1.6 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, June 28th. Inter Parfums’s payout ratio is 63.16%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC boosted its holdings in Inter Parfums by 12.3% during the first quarter. Barclays PLC now owns 31,833 shares of the company’s stock worth $1,501,000 after purchasing an additional 3,481 shares during the last quarter. A.R.T. Advisors LLC acquired a new position in Inter Parfums during the first quarter worth $349,000. BB&T Securities LLC acquired a new position in Inter Parfums during the first quarter worth $202,000. Principal Financial Group Inc. boosted its holdings in Inter Parfums by 2.4% during the first quarter. Principal Financial Group Inc. now owns 131,474 shares of the company’s stock worth $6,199,000 after purchasing an additional 3,120 shares during the last quarter. Finally, Cortina Asset Management LLC acquired a new position in Inter Parfums during the first quarter worth $15,784,000. Institutional investors and hedge funds own 54.81% of the company’s stock.
IPAR has been the subject of several research reports. ValuEngine downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Wednesday, April 4th. BidaskClub raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Saturday, March 10th. Finally, BWS Financial set a $56.00 price objective on shares of Inter Parfums and gave the stock a “buy” rating in a research report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Inter Parfums currently has an average rating of “Buy” and a consensus price target of $49.33.
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.
Receive News & Ratings for Inter Parfums Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums and related companies with MarketBeat.com's FREE daily email newsletter.