Inter Parfums, Inc. (IPAR) CFO Sells $237,500.00 in Stock
Inter Parfums, Inc. (NASDAQ:IPAR) CFO Russell Greenberg sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $47.50, for a total transaction of $237,500.00. Following the completion of the transaction, the chief financial officer now owns 5,000 shares in the company, valued at approximately $237,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Russell Greenberg also recently made the following trade(s):
- On Tuesday, January 16th, Russell Greenberg sold 7,595 shares of Inter Parfums stock. The shares were sold at an average price of $47.59, for a total transaction of $361,446.05.
- On Thursday, December 21st, Russell Greenberg sold 3,000 shares of Inter Parfums stock. The shares were sold at an average price of $45.00, for a total transaction of $135,000.00.
Shares of Inter Parfums, Inc. (NASDAQ IPAR) opened at $47.65 on Wednesday. The stock has a market cap of $1,442.39, a P/E ratio of 34.01, a PEG ratio of 2.61 and a beta of 1.77. Inter Parfums, Inc. has a 12 month low of $31.45 and a 12 month high of $48.30. 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 posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $169.50 million for the quarter, compared to analyst estimates of $160.52 million. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. sell-side analysts forecast that Inter Parfums, Inc. will post 1.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.76%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. Inter Parfums’s dividend payout ratio (DPR) is currently 63.16%.
Several research firms recently commented on IPAR. Zacks Investment Research upgraded shares of Inter Parfums from a “sell” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday. DA Davidson upgraded shares of Inter Parfums from a “neutral” rating to a “buy” rating and raised their price target for the company from $46.00 to $51.00 in a report on Wednesday, January 10th. KeyCorp set a $44.00 price target on shares of Inter Parfums and gave the company a “buy” rating in a report on Monday, October 16th. BidaskClub lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Friday, December 29th. Finally, Citigroup set a $52.00 price target on shares of Inter Parfums and gave the company a “buy” rating in a report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Inter Parfums has an average rating of “Buy” and a consensus price target of $46.17.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its stake in shares of Inter Parfums by 0.5% during the second quarter. Rhumbline Advisers now owns 46,668 shares of the company’s stock valued at $1,710,000 after purchasing an additional 232 shares during the period. Principal Financial Group Inc. raised its stake in shares of Inter Parfums by 0.3% during the second quarter. Principal Financial Group Inc. now owns 130,387 shares of the company’s stock valued at $4,779,000 after purchasing an additional 351 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Inter Parfums by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 73,261 shares of the company’s stock valued at $2,686,000 after purchasing an additional 418 shares during the period. Victory Capital Management Inc. raised its stake in shares of Inter Parfums by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock valued at $150,000 after purchasing an additional 614 shares during the period. Finally, Acrospire Investment Management LLC raised its stake in shares of Inter Parfums by 68.9% during the second quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock valued at $116,000 after purchasing an additional 1,296 shares during the period. Institutional investors own 55.39% of the company’s stock.
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About Inter Parfums
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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