Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Inter Parfums from a buy rating to a hold rating in a report on Tuesday, September 12th. Sidoti cut shares of Inter Parfums from a buy rating to a neutral rating in a research note on Thursday, November 2nd. DA Davidson cut shares of 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. BidaskClub cut shares of Inter Parfums from a buy rating to a hold rating in a research note on Friday, December 29th. Finally, KeyCorp set a $44.00 price objective on shares of Inter Parfums and gave the company a buy rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $46.00.
Shares of Inter Parfums (NASDAQ IPAR) traded up $2.95 on Wednesday, hitting $47.00. 226,700 shares of the stock traded hands, compared to its average volume of 98,563. Inter Parfums has a 52 week low of $31.45 and a 52 week high of $47.65. The firm has a market capitalization of $1,370.00, a P/E ratio of 35.88, a price-to-earnings-growth ratio of 2.53 and a beta of 1.77. The company has a current ratio of 3.39, a quick ratio of 2.54 and a debt-to-equity ratio of 0.07.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly 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. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The company had revenue of $169.50 million during the quarter, compared to the consensus estimate of $160.52 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities analysts expect that Inter Parfums will post 1.29 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 annualized dividend and a yield of 1.79%. Inter Parfums’s payout ratio is 64.12%.
In other Inter Parfums news, CEO Jean Madar sold 8,200 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $44.00, for a total value of $360,800.00. Following the sale, the chief executive officer now directly owns 74,407 shares in the company, valued at $3,273,908. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Philippe Santi sold 600 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $43.86, for a total transaction of $26,316.00. Following the completion of the sale, the chief financial officer now owns 600 shares in the company, valued at $26,316. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,000 shares of company stock worth $1,411,666. 45.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nationwide Fund Advisors grew its stake in Inter Parfums by 20.2% during the 2nd quarter. Nationwide Fund Advisors now owns 34,850 shares of the company’s stock valued at $1,277,000 after acquiring an additional 5,856 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Inter Parfums during the 2nd quarter valued at about $1,012,000. AHL Partners LLP purchased a new position in Inter Parfums during the 2nd quarter valued at about $242,000. Fort Pitt Capital Group LLC grew its stake in Inter Parfums by 31.6% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 386,988 shares of the company’s stock valued at $14,183,000 after acquiring an additional 92,965 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C grew its stake in Inter Parfums by 14.0% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,168,496 shares of the company’s stock valued at $42,825,000 after acquiring an additional 143,072 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This report was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://ledgergazette.com/2018/01/12/inter-parfums-ipar-given-a-52-00-price-target-by-citigroup-analysts.html.
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.
Receive News & Ratings for Inter Parfums Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums and related companies with MarketBeat.com's FREE daily email newsletter.