Interparfums, Inc. (NASDAQ:IPAR) Director Gilbert Harrison Sells 400 Shares

Interparfums, Inc. (NASDAQ:IPAR) Director Gilbert Harrison sold 400 shares of the company’s stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $133.96, for a total transaction of $53,584.00. Following the completion of the transaction, the director now owns 1,550 shares in the company, valued at approximately $207,638. This represents a 20.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Interparfums Stock Performance

Interparfums stock opened at $133.12 on Thursday. The business has a 50 day moving average of $125.51 and a 200-day moving average of $127.73. Interparfums, Inc. has a 1 year low of $97.65 and a 1 year high of $148.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.97 and a quick ratio of 1.68. The company has a market capitalization of $4.28 billion, a P/E ratio of 25.90 and a beta of 1.40.

Interparfums (NASDAQ:IPAR) last released its quarterly earnings data on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.19. The company had revenue of $339.00 million during the quarter, compared to the consensus estimate of $329.21 million. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.27 earnings per share. On average, equities research analysts predict that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Institutional Trading of Interparfums

Several large investors have recently modified their holdings of the stock. Eukles Asset Management bought a new position in shares of Interparfums in the 1st quarter worth $30,000. CWM LLC lifted its holdings in shares of Interparfums by 29.4% in the 1st quarter. CWM LLC now owns 418 shares of the company’s stock worth $48,000 after purchasing an additional 95 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Interparfums by 52.0% in the 1st quarter. Blue Trust Inc. now owns 506 shares of the company’s stock worth $58,000 after purchasing an additional 173 shares in the last quarter. Coppell Advisory Solutions LLC lifted its holdings in shares of Interparfums by 210.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company’s stock worth $67,000 after purchasing an additional 347 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Interparfums by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock worth $105,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of Interparfums from $158.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. DA Davidson reissued a “buy” rating and issued a $170.00 target price on shares of Interparfums in a research report on Tuesday, March 25th. BWS Financial reissued a “buy” rating and issued a $172.00 target price on shares of Interparfums in a research report on Wednesday, May 7th. Finally, Piper Sandler reissued an “overweight” rating and issued a $138.00 target price (down previously from $169.00) on shares of Interparfums in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $157.60.

About Interparfums

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.