Inter Parfums, Inc. (NASDAQ:IPAR) COO Sells $532,160.00 in Stock

Inter Parfums, Inc. (NASDAQ:IPAR) COO Pelayo Frederic Garcia sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Inter Parfums Trading Down 0.7 %

NASDAQ:IPAR opened at $137.48 on Wednesday. Inter Parfums, Inc. has a 1 year low of $108.39 and a 1 year high of $156.75. The stock has a market cap of $4.40 billion, a P/E ratio of 29.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. The stock has a 50-day simple moving average of $124.31 and a 200-day simple moving average of $123.09.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The company had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. During the same quarter last year, the company earned $1.66 earnings per share. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, analysts anticipate that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on IPAR. Piper Sandler lowered their target price on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, November 13th. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. BWS Financial reaffirmed a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a report on Monday, November 11th. Finally, DA Davidson reiterated a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $157.50.

Hedge Funds Weigh In On Inter Parfums

Several hedge funds have recently made changes to their positions in the company. CWM LLC grew its stake in Inter Parfums by 44.4% during the 2nd quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after buying an additional 88 shares during the last quarter. Blue Trust Inc. grew its position in shares of Inter Parfums by 83.4% during the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after acquiring an additional 296 shares during the last quarter. Mendota Financial Group LLC purchased a new stake in Inter Parfums in the 2nd quarter valued at $89,000. Northwest & Ethical Investments L.P. acquired a new stake in Inter Parfums during the 3rd quarter worth $104,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Inter Parfums during the 3rd quarter worth $209,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Inter Parfums Company Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.