Inter Parfums (NASDAQ:IPAR) insider Philippe Benacin sold 27,923 shares of the stock in a transaction on Monday, May 14th. The shares were sold at an average price of $47.78, for a total value of $1,334,160.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Philippe Benacin also recently made the following trade(s):
- On Wednesday, April 18th, Philippe Benacin sold 3,851 shares of Inter Parfums stock. The shares were sold at an average price of $49.08, for a total value of $189,007.08.
- On Friday, April 20th, Philippe Benacin sold 27,953 shares of Inter Parfums stock. The shares were sold at an average price of $47.84, for a total value of $1,337,271.52.
Shares of Inter Parfums opened at $51.25 on Friday, MarketBeat.com reports. Inter Parfums has a 1 year low of $49.25 and a 1 year high of $49.50. The firm has a market cap of $1.57 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 2.58 and a beta of 1.58. The company has a quick ratio of 2.53, a current ratio of 3.36 and a debt-to-equity ratio of 0.05.
Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, May 8th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. Inter Parfums had a return on equity of 7.80% and a net margin of 7.12%. The firm had revenue of $171.77 million during the quarter, compared to analyst estimates of $159.85 million. During the same period last year, the firm posted $0.43 EPS. The business’s revenue was up 20.1% compared to the same quarter last year. equities analysts expect that Inter Parfums will post 1.59 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Thursday, June 28th. Inter Parfums’s dividend payout ratio is presently 63.16%.
A number of equities research analysts recently commented on IPAR shares. ValuEngine lowered Inter Parfums from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Wednesday, April 4th. BidaskClub raised Inter Parfums from a “sell” rating to a “hold” rating in a research report on Saturday, March 10th. Finally, BWS Financial set a $56.00 price target on Inter Parfums and gave the company a “buy” rating in a research report on Monday, February 26th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $49.33.
Several institutional investors have recently made changes to their positions in IPAR. SG Americas Securities LLC purchased a new stake in shares of Inter Parfums during the 1st quarter valued at $119,000. BB&T Securities LLC purchased a new stake in shares of Inter Parfums during the 1st quarter valued at $202,000. Crossmark Global Holdings Inc. bought a new position in shares of Inter Parfums during the 4th quarter worth $206,000. LPL Financial LLC bought a new position in shares of Inter Parfums during the 4th quarter worth $222,000. Finally, Millennium Management LLC bought a new position in shares of Inter Parfums during the 4th quarter worth $233,000. 54.81% of the stock is owned by hedge funds and other institutional investors.
Inter Parfums Company Profile
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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