Interparfums, Inc. (NASDAQ:IPAR) Director Gilbert Harrison Sells 400 Shares

Interparfums, Inc. (NASDAQ:IPAR - Get Free Report) Director Gilbert Harrison sold 400 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $133.96, for a total value of $53,584.00. Following the completion of the sale, the director now directly owns 1,550 shares in the company, valued at $207,638. This represents a 20.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Interparfums Stock Performance

Shares of IPAR traded down $0.82 during trading hours on Friday, reaching $131.91. 326,665 shares of the company's stock traded hands, compared to its average volume of 190,707. The business's fifty day simple moving average is $126.64 and its two-hundred day simple moving average is $127.65. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 25.66 and a beta of 1.40. Interparfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.97 and a quick ratio of 1.68.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.19. The firm had revenue of $339.00 million for the quarter, compared to analyst estimates of $329.21 million. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. Interparfums's revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.27 earnings per share. Analysts predict that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Analysts Set New Price Targets

IPAR has been the topic of a number of research analyst reports. Piper Sandler reissued an "overweight" rating and set a $138.00 price target (down from $169.00) on shares of Interparfums in a report on Thursday, April 24th. BWS Financial reissued a "buy" rating and set a $172.00 price target on shares of Interparfums in a report on Wednesday, May 7th. Finally, DA Davidson reissued a "buy" rating and set a $170.00 price target on shares of Interparfums in a report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Interparfums presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.60.

Institutional Trading of Interparfums

Several large investors have recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its holdings in shares of Interparfums by 15.1% in the fourth quarter. Principal Securities Inc. now owns 1,323 shares of the company's stock valued at $174,000 after purchasing an additional 174 shares in the last quarter. Principal Financial Group Inc. grew its stake in Interparfums by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 87,539 shares of the company's stock valued at $11,512,000 after acquiring an additional 2,548 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Interparfums by 1.1% in the 4th quarter. Truist Financial Corp now owns 17,583 shares of the company's stock valued at $2,312,000 after purchasing an additional 184 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Interparfums by 17.2% in the 4th quarter. Bank of New York Mellon Corp now owns 291,575 shares of the company's stock valued at $38,345,000 after purchasing an additional 42,692 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Interparfums by 23.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the company's stock worth $215,000 after purchasing an additional 310 shares in the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Interparfums 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.