Veronique Gabai-Pinsky Sells 1,500 Shares of Inter Parfums, Inc. (NASDAQ:IPAR) Stock

Inter Parfums, Inc. (NASDAQ:IPAR) Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total value of $183,225.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Inter Parfums Trading Up 0.7%

Shares of IPAR stock opened at $125.08 on Friday. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. Inter Parfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The company’s 50-day moving average price is $113.77 and its 200-day moving average price is $126.94. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 26.84 and a beta of 1.33.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Monday, May 5th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The company had revenue of $339.00 million for the quarter, compared to the consensus estimate of $329.21 million. During the same period in the previous year, the firm earned $1.27 earnings per share. Inter Parfums’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts predict that Inter Parfums, Inc. will post 5.14 earnings per share for the current year.

Inter Parfums Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.80 per share. This is a boost from Inter Parfums’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.20 annualized dividend and a yield of 2.56%. Inter Parfums’s dividend payout ratio (DPR) is 62.26%.

Institutional Investors Weigh In On Inter Parfums

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC increased its position in shares of Inter Parfums by 293.0% during the 3rd quarter. Barclays PLC now owns 34,689 shares of the company’s stock worth $4,492,000 after purchasing an additional 25,862 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after acquiring an additional 81 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Inter Parfums by 12.8% in the 4th quarter. Park Avenue Securities LLC now owns 2,872 shares of the company’s stock valued at $378,000 after acquiring an additional 326 shares during the period. Annex Advisory Services LLC lifted its holdings in shares of Inter Parfums by 36.5% in the 4th quarter. Annex Advisory Services LLC now owns 118,390 shares of the company’s stock worth $15,569,000 after acquiring an additional 31,654 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Inter Parfums by 282.6% during the 4th quarter. SG Americas Securities LLC now owns 7,506 shares of the company’s stock worth $987,000 after purchasing an additional 5,544 shares during the period. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on IPAR shares. BWS Financial reissued a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Wednesday, May 7th. Piper Sandler reiterated an “overweight” rating and issued a $138.00 target price (down from $169.00) on shares of Inter Parfums in a research report on Thursday, April 24th. DA Davidson restated a “buy” rating and set a $170.00 price target on shares of Inter Parfums in a research report on Tuesday, March 25th. Finally, Canaccord Genuity Group increased their price objective on shares of Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Inter Parfums has a consensus rating of “Moderate Buy” and a consensus price target of $157.60.

Inter Parfums Company Profile

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.