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.

Insider Buying and Selling by Quarter for Inter Parfums (NASDAQ:IPAR)

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