Inter Parfums (NASDAQ:IPAR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
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. “
IPAR has been the topic of a number of other research reports. KeyCorp set a $44.00 price objective on Inter Parfums and gave the stock a “buy” rating in a research note on Monday, October 16th. DA Davidson downgraded Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a research note on Thursday, October 26th. Sidoti downgraded Inter Parfums from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. BidaskClub downgraded Inter Parfums from a “buy” rating to a “hold” rating in a research note on Friday, December 29th. Finally, Citigroup set a $52.00 price objective on Inter Parfums and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $45.67.
Shares of Inter Parfums (NASDAQ IPAR) opened at $42.00 on Tuesday. The stock has a market capitalization of $1,370.66, a P/E ratio of 31.58, a P/E/G ratio of 2.49 and a beta of 1.70. Inter Parfums has a 12 month low of $33.72 and a 12 month high of $48.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $169.50 million for the quarter, compared to the consensus estimate of $160.52 million. Inter Parfums had a return on equity of 8.06% and a net margin of 7.13%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. equities analysts forecast that Inter Parfums will post 1.29 earnings per share for the current fiscal year.
In other news, CFO Philippe Santi sold 600 shares of Inter Parfums stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $43.86, for a total value of $26,316.00. Following the completion of the transaction, the chief financial officer now owns 600 shares in the company, valued at approximately $26,316. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Russell Greenberg sold 5,000 shares of Inter Parfums stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $47.50, for a total value of $237,500.00. Following the completion of the transaction, the chief financial officer now owns 5,000 shares of the company’s stock, valued at approximately $237,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,595 shares of company stock valued at $2,010,612. Company insiders own 45.40% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new position in shares of Inter Parfums in the 4th quarter worth approximately $206,000. Campbell & CO Investment Adviser LLC purchased a new position in Inter Parfums during the 3rd quarter valued at $218,000. Victory Capital Management Inc. boosted its holdings in Inter Parfums by 38.8% during the 3rd quarter. Victory Capital Management Inc. now owns 5,686 shares of the company’s stock valued at $235,000 after acquiring an additional 1,589 shares during the period. AHL Partners LLP purchased a new position in Inter Parfums during the 2nd quarter valued at $242,000. Finally, Allianz Asset Management GmbH purchased a new position in Inter Parfums during the 3rd quarter valued at $268,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.
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Inter Parfums Company Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
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