Inter Parfums, Inc. (NASDAQ:IPAR) VP Philippe Santi Sells 1,000 Shares

Inter Parfums, Inc. (NASDAQ:IPAR - Get Free Report) VP Philippe Santi sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $139.23, for a total value of $139,230.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Inter Parfums Trading Down 3.8%

Shares of Inter Parfums stock traded down $5.42 during trading hours on Friday, hitting $136.06. The company's stock had a trading volume of 203,382 shares, compared to its average volume of 189,599. Inter Parfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The firm has a fifty day moving average of $120.87 and a 200-day moving average of $127.88. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 29.20 and a beta of 1.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.13 by $0.19. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The business had revenue of $339.00 million for the quarter, compared to analyst estimates of $329.21 million. During the same quarter in the prior year, the company posted $1.27 EPS. The company's quarterly revenue was up 4.6% on a year-over-year basis. Research analysts forecast that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Hedge Funds Weigh In On Inter Parfums

Several large investors have recently modified their holdings of IPAR. Eukles Asset Management acquired a new position in Inter Parfums during the 1st quarter worth about $30,000. CWM LLC lifted its stake in Inter Parfums by 29.4% during the 1st quarter. CWM LLC now owns 418 shares of the company's stock worth $48,000 after acquiring an additional 95 shares in the last quarter. Blue Trust Inc. lifted its stake in Inter Parfums by 52.0% during the 1st quarter. Blue Trust Inc. now owns 506 shares of the company's stock worth $58,000 after acquiring an additional 173 shares in the last quarter. Coppell Advisory Solutions LLC lifted its stake in Inter Parfums by 210.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock worth $67,000 after acquiring an additional 347 shares in the last quarter. Finally, SRH Advisors LLC lifted its stake in Inter Parfums by 791.7% during the 4th quarter. SRH Advisors LLC now owns 535 shares of the company's stock worth $70,000 after acquiring an additional 475 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. DA Davidson reiterated a "buy" rating and set a $170.00 price target on shares of Inter Parfums in a research report on Tuesday, March 25th. Canaccord Genuity Group upped their target price on Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Piper Sandler restated an "overweight" rating and issued a $138.00 target price (down from $169.00) on shares of Inter Parfums in a report on Thursday, April 24th. Finally, BWS Financial restated a "buy" rating and issued a $172.00 target price on shares of Inter Parfums in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $157.60.

Inter Parfums Company Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.