Interparfums, Inc. (NASDAQ:IPAR) Director Sells $53,584.00 in Stock

Interparfums, Inc. (NASDAQ:IPAR - Get Free Report) Director Gilbert Harrison sold 400 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $133.96, for a total transaction of $53,584.00. Following the transaction, the director now owns 1,550 shares in the company, valued at approximately $207,638. This trade 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 is accessible through this hyperlink.

Interparfums Price Performance

Interparfums stock traded down $0.54 during mid-day trading on Wednesday, reaching $133.12. The company had a trading volume of 136,740 shares, compared to its average volume of 190,586. The stock's 50-day simple moving average is $125.51 and its 200-day simple moving average is $127.73. Interparfums, Inc. has a 1 year low of $97.65 and a 1 year 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. The company has a market capitalization of $4.28 billion, a P/E ratio of 25.90 and a beta of 1.40.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of Interparfums by 0.5% in the 1st quarter. Rhumbline Advisers now owns 56,156 shares of the company's stock worth $6,394,000 after buying an additional 256 shares in the last quarter. Intech Investment Management LLC raised its position in Interparfums 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 acquiring an additional 7,555 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Interparfums 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 acquiring an additional 3,684 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Interparfums in the first quarter valued at about $1,984,000. Finally, Petrus Trust Company LTA acquired a new stake in shares of Interparfums in the first quarter valued at approximately $324,000. Hedge funds and other institutional investors own 55.57% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IPAR. BWS Financial reaffirmed a "buy" rating and issued a $172.00 price objective on shares of Interparfums in a report on Wednesday, May 7th. Piper Sandler reissued an "overweight" rating and issued a $138.00 price target (down from $169.00) on shares of Interparfums in a report on Thursday, April 24th. DA Davidson reaffirmed a "buy" rating and set a $170.00 price objective on shares of Interparfums in a report on Tuesday, March 25th. Finally, Canaccord Genuity Group raised their target price on Interparfums from $158.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Interparfums has a consensus rating of "Moderate Buy" and a consensus target price of $157.60.

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.

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