Shares of Inter Parfums, Inc. (NASDAQ:IPAR) have been assigned a consensus recommendation of “Buy” from the nine research firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $65.25.
Several research analysts have commented on the company. Zacks Investment Research upgraded Inter Parfums from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. BidaskClub raised Inter Parfums from a “hold” rating to a “buy” rating in a report on Saturday, December 15th. DA Davidson lowered their price target on Inter Parfums from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, November 13th. Citigroup set a $64.00 price target on Inter Parfums and gave the company a “hold” rating in a report on Wednesday, November 7th. Finally, BWS Financial cut Inter Parfums from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a report on Friday, December 28th.
In related news, CFO Russell Greenberg sold 8,941 shares of the firm’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $67.98, for a total transaction of $607,809.18. Following the transaction, the chief financial officer now directly owns 3,941 shares of the company’s stock, valued at approximately $267,909.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Pelayo Frederic Garcia sold 2,277 shares of the firm’s stock in a transaction dated Friday, January 4th. The shares were sold at an average price of $64.36, for a total value of $146,547.72. Following the transaction, the insider now directly owns 293 shares in the company, valued at $18,857.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,082 shares of company stock worth $3,230,233. Insiders own 45.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC raised its holdings in shares of Inter Parfums by 4.0% during the 4th quarter. LPL Financial LLC now owns 7,075 shares of the company’s stock valued at $464,000 after buying an additional 269 shares in the last quarter. Victory Capital Management Inc. grew its position in Inter Parfums by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 7,810 shares of the company’s stock worth $512,000 after acquiring an additional 304 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Inter Parfums by 9.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,990 shares of the company’s stock worth $327,000 after acquiring an additional 410 shares during the last quarter. Texas Permanent School Fund grew its position in Inter Parfums by 4.1% during the 4th quarter. Texas Permanent School Fund now owns 11,278 shares of the company’s stock worth $739,000 after acquiring an additional 439 shares during the last quarter. Finally, LS Investment Advisors LLC grew its position in Inter Parfums by 60.7% during the 4th quarter. LS Investment Advisors LLC now owns 2,133 shares of the company’s stock worth $140,000 after acquiring an additional 806 shares during the last quarter. 57.23% of the stock is currently owned by institutional investors.
NASDAQ IPAR traded up $0.40 during trading hours on Friday, hitting $69.22. The company had a trading volume of 2,563 shares, compared to its average volume of 98,932. Inter Parfums has a 52 week low of $41.30 and a 52 week high of $69.51. The company has a quick ratio of 2.37, a current ratio of 3.36 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.16 billion, a P/E ratio of 51.95, a P/E/G ratio of 3.11 and a beta of 0.88.
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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