Inter Parfums, Inc. (NASDAQ:IPAR) VP Sells $139,230.00 in Stock

Inter Parfums, Inc. (NASDAQ:IPAR - Get Free Report) VP Philippe Santi sold 1,000 shares of the firm's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this link.

Inter Parfums Trading Down 3.8%

Shares of NASDAQ IPAR traded down $5.42 during trading on Friday, hitting $136.06. 203,382 shares of the company traded hands, compared to its average volume of 189,528. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $4.37 billion, a P/E ratio of 29.20 and a beta of 1.39. The company has a 50-day moving average price of $120.87 and a 200-day moving average price of $127.95. Inter Parfums, Inc. has a 1 year low of $97.65 and a 1 year high of $148.15.

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

Wall Street Analysts Forecast Growth

IPAR has been the topic of several analyst reports. DA Davidson reissued a "buy" rating and issued a $170.00 target price on shares of Inter Parfums in a report on Tuesday, March 25th. Canaccord Genuity Group increased their price target on Inter Parfums from $158.00 to $168.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. BWS Financial reiterated a "buy" rating and issued a $172.00 price target on shares of Inter Parfums in a report on Wednesday, May 7th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $138.00 price target (down from $169.00) on shares of Inter Parfums in a report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $157.60.

Hedge Funds Weigh In On Inter Parfums

Several institutional investors have recently added to or reduced their stakes in IPAR. Rhumbline Advisers boosted its holdings in shares of Inter Parfums by 0.5% in the first quarter. Rhumbline Advisers now owns 56,156 shares of the company's stock valued at $6,394,000 after buying an additional 256 shares during the period. Intech Investment Management LLC grew its stake in Inter Parfums by 45.5% during the first quarter. Intech Investment Management LLC now owns 24,172 shares of the company's stock worth $2,752,000 after buying an additional 7,555 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Inter Parfums by 2.7% during the first quarter. Goldman Sachs Group Inc. now owns 138,977 shares of the company's stock worth $15,825,000 after buying an additional 3,684 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Inter Parfums in the 1st quarter valued at approximately $1,984,000. Finally, Petrus Trust Company LTA acquired a new stake in Inter Parfums during the 1st quarter worth approximately $324,000. 55.57% of the stock is owned by institutional investors.

About Inter Parfums

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.