Inter Parfums (NASDAQ:IPAR) was downgraded by equities research analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a $82.00 price objective on the stock, up from their previous price objective of $78.00. DA Davidson’s target price would indicate a potential upside of 6.26% from the stock’s current price.
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Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut Inter Parfums from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. ValuEngine cut Inter Parfums from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, BidaskClub upgraded Inter Parfums from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Inter Parfums presently has an average rating of “Hold” and a consensus price target of $77.80.
Shares of Inter Parfums stock traded down $0.57 on Thursday, reaching $77.17. 63,900 shares of the company were exchanged, compared to its average volume of 109,476. Inter Parfums has a 1-year low of $55.25 and a 1-year high of $81.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.10 and a quick ratio of 2.10. The stock’s 50 day moving average price is $72.02 and its 200-day moving average price is $68.31. The company has a market cap of $2.47 billion, a P/E ratio of 45.13, a price-to-earnings-growth ratio of 3.33 and a beta of 0.88.
Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.01). Inter Parfums had a return on equity of 10.15% and a net margin of 8.43%. The company had revenue of $191.20 million for the quarter, compared to analysts’ expectations of $191.18 million. During the same quarter last year, the company earned $0.60 EPS. Inter Parfums’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts predict that Inter Parfums will post 1.88 earnings per share for the current fiscal year.
In other Inter Parfums news, CFO Russell Greenberg sold 5,000 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $70.20, for a total value of $351,000.00. Following the sale, the chief financial officer now owns 5,000 shares of the company’s stock, valued at $351,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 11,933 shares of company stock worth $824,315 in the last three months. 44.60% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Mason Street Advisors LLC grew its holdings in Inter Parfums by 3.6% in the third quarter. Mason Street Advisors LLC now owns 5,980 shares of the company’s stock valued at $418,000 after purchasing an additional 206 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in Inter Parfums by 24.2% in the third quarter. Eagle Asset Management Inc. now owns 137,583 shares of the company’s stock valued at $9,626,000 after purchasing an additional 26,832 shares during the last quarter. SG Americas Securities LLC grew its holdings in Inter Parfums by 1,203.9% in the third quarter. SG Americas Securities LLC now owns 37,645 shares of the company’s stock valued at $2,634,000 after purchasing an additional 34,758 shares during the last quarter. Congress Asset Management Co. MA grew its holdings in Inter Parfums by 1.5% in the third quarter. Congress Asset Management Co. MA now owns 94,254 shares of the company’s stock valued at $6,595,000 after purchasing an additional 1,366 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Inter Parfums by 137.2% in the third quarter. Russell Investments Group Ltd. now owns 68,066 shares of the company’s stock valued at $4,715,000 after purchasing an additional 39,368 shares during the last quarter. 53.50% of the stock is currently owned by 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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