Research Analysts’ Weekly Ratings Updates for Inter Parfums (IPAR)

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Inter Parfums (NASDAQ: IPAR) recently received a number of ratings updates from brokerages and research firms:

  • 1/9/2019 – Inter Parfums was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/4/2019 – Inter Parfums was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Inter Parfums, Inc. is a premier fragrance company with a diverse portfolio of prestige brands. They has been selected as the fragrance and beauty partner for a growing list of brands that include Abercrombie & Fitch, Agent Provocateur, Anna Sui, bebe, Boucheron, Coach, Dunhill, Hollister, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Oscar de la Renta, Paul Smith, Repetto, Rochas, Shanghai Tang, S.T. Dupont and Van Cleef & Arpels. Inter Parfums is known for innovation, quality and its ability to capture the genetic code of each brand in the products it develops, manufactures and distributes worldwide. “
  • 12/28/2018 – Inter Parfums was downgraded by analysts at BWS Financial from a “buy” rating to a “hold” rating. They now have a $65.00 price target on the stock.
  • 12/25/2018 – Inter Parfums was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 12/15/2018 – Inter Parfums was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 11/16/2018 – Inter Parfums was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Inter Parfums, Inc. is a premier fragrance company with a diverse portfolio of prestige brands. They has been selected as the fragrance and beauty partner for a growing list of brands that include Abercrombie & Fitch, Agent Provocateur, Anna Sui, bebe, Boucheron, Coach, Dunhill, Hollister, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Oscar de la Renta, Paul Smith, Repetto, Rochas, Shanghai Tang, S.T. Dupont and Van Cleef & Arpels. Inter Parfums is known for innovation, quality and its ability to capture the genetic code of each brand in the products it develops, manufactures and distributes worldwide. “
  • 11/13/2018 – Inter Parfums had its price target lowered by analysts at DA Davidson from $75.00 to $72.00. They now have a “buy” rating on the stock.

NASDAQ IPAR traded down $0.80 on Thursday, reaching $61.08. The company’s stock had a trading volume of 117,500 shares, compared to its average volume of 151,443. The stock has a market cap of $2.00 billion, a P/E ratio of 45.92, a PEG ratio of 2.88 and a beta of 1.02. Inter Parfums, Inc. has a 52 week low of $41.30 and a 52 week high of $67.50. The company has a quick ratio of 2.37, a current ratio of 3.36 and a debt-to-equity ratio of 0.05.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Monday, November 5th. The company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. The firm had revenue of $177.21 million for the quarter, compared to analyst estimates of $181.14 million. Inter Parfums had a net margin of 7.74% and a return on equity of 8.60%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share. Research analysts anticipate that Inter Parfums, Inc. will post 1.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be given a $0.275 dividend. The ex-dividend date of this dividend is Friday, December 28th. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.21. This represents a $1.10 dividend on an annualized basis and a yield of 1.80%. Inter Parfums’s payout ratio is 82.71%.

In other news, insider Pelayo Frederic Garcia sold 2,277 shares of the company’s stock in a transaction that occurred on Friday, January 4th. The shares were sold at an average price of $64.36, for a total transaction of $146,547.72. Following the transaction, the insider now directly owns 293 shares in the company, valued at $18,857.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Philippe Santi sold 5,600 shares of the company’s stock in a transaction that occurred on Friday, January 4th. The stock was sold at an average price of $64.13, for a total transaction of $359,128.00. Following the transaction, the chief financial officer now owns 1,000 shares in the company, valued at $64,130. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,877 shares of company stock worth $2,152,296. Company insiders own 45.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in IPAR. SG Americas Securities LLC lifted its position in shares of Inter Parfums by 58.6% during the second quarter. SG Americas Securities LLC now owns 4,002 shares of the company’s stock worth $214,000 after purchasing an additional 1,478 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Inter Parfums during the third quarter worth approximately $265,000. Sei Investments Co. lifted its position in shares of Inter Parfums by 84.8% during the second quarter. Sei Investments Co. now owns 10,599 shares of the company’s stock worth $568,000 after purchasing an additional 4,863 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of Inter Parfums by 81.2% during the second quarter. Citadel Advisors LLC now owns 11,094 shares of the company’s stock worth $593,000 after purchasing an additional 4,973 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of Inter Parfums by 10.3% during the third quarter. Glenmede Trust Co. NA now owns 9,752 shares of the company’s stock worth $628,000 after purchasing an additional 911 shares in the last quarter. Institutional investors own 55.93% of the company’s stock.

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.

Further Reading: What is the Bid-Ask Spread?

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