Several other equities analysts have also recently issued reports on IPAR. DA Davidson upgraded shares of Inter Parfums from a neutral rating to a buy rating and set a $78.00 price target for the company in a research report on Monday, June 10th. ValuEngine cut shares of Inter Parfums from a buy rating to a hold rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research upgraded shares of Inter Parfums from a hold rating to a buy rating and set a $77.00 price target for the company in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $76.20.
Shares of NASDAQ IPAR opened at $67.65 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.10 and a current ratio of 3.10. Inter Parfums has a 52-week low of $54.22 and a 52-week high of $80.99. The firm has a 50 day moving average price of $66.17 and a two-hundred day moving average price of $69.40. The stock has a market cap of $2.12 billion, a P/E ratio of 39.56, a price-to-earnings-growth ratio of 2.85 and a beta of 0.89.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Inter Parfums had a net margin of 8.33% and a return on equity of 9.84%. The firm had revenue of $166.20 million during the quarter, compared to analysts’ expectations of $166.20 million. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue was up 11.2% on a year-over-year basis. Analysts predict that Inter Parfums will post 1.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, September 27th. Inter Parfums’s dividend payout ratio (DPR) is currently 64.33%.
In other Inter Parfums news, CEO Jean Madar sold 52,800 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $67.18, for a total value of $3,547,104.00. Following the completion of the transaction, the chief executive officer now directly owns 71,784 shares in the company, valued at approximately $4,822,449.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 44.60% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of IPAR. BNP Paribas Arbitrage SA increased its position in shares of Inter Parfums by 141.3% during the first quarter. BNP Paribas Arbitrage SA now owns 5,496 shares of the company’s stock worth $417,000 after buying an additional 3,218 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Inter Parfums during the first quarter worth $501,000. Rhumbline Advisers increased its position in shares of Inter Parfums by 0.8% during the first quarter. Rhumbline Advisers now owns 60,576 shares of the company’s stock worth $4,596,000 after buying an additional 464 shares during the period. Comerica Bank increased its position in shares of Inter Parfums by 2.3% during the first quarter. Comerica Bank now owns 17,108 shares of the company’s stock worth $1,269,000 after buying an additional 387 shares during the period. Finally, Texas Permanent School Fund increased its position in shares of Inter Parfums by 4.1% during the first quarter. Texas Permanent School Fund now owns 11,742 shares of the company’s stock worth $891,000 after buying an additional 464 shares during the period. Institutional investors own 54.11% of the company’s stock.
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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