Interparfums (NASDAQ:IPAR) Shares Gap Down - Should You Sell?

Shares of Interparfums, Inc. (NASDAQ:IPAR - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $132.22, but opened at $125.03. Interparfums shares last traded at $124.65, with a volume of 75,636 shares.

Analysts Set New Price Targets

IPAR has been the topic of a number of research reports. BWS Financial reaffirmed a "buy" rating and issued a $172.00 price target on shares of Interparfums in a research note on Wednesday, May 7th. Piper Sandler reiterated an "overweight" rating and issued a $138.00 price objective (down from $169.00) on shares of Interparfums in a report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Interparfums has an average rating of "Moderate Buy" and an average target price of $162.00.

Interparfums Price Performance

The stock has a market cap of $3.89 billion, a P/E ratio of 23.55 and a beta of 1.36. 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 business's fifty day moving average price is $133.80 and its 200 day moving average price is $127.75.

Interparfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.19. The business had revenue of $339.00 million during the quarter, compared to analyst estimates of $329.21 million. Interparfums had a net margin of 11.30% and a return on equity of 17.62%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $1.27 EPS. Sell-side analysts forecast that Interparfums, Inc. will post 5.14 EPS for the current fiscal year.

Insider Transactions at Interparfums

In related news, VP Philippe Santi sold 1,000 shares of Interparfums stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $139.23, for a total value of $139,230.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gilbert Harrison sold 400 shares of Interparfums stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $133.96, for a total transaction of $53,584.00. Following the completion of the sale, the director directly owned 1,550 shares of the company's stock, valued at approximately $207,638. The trade was a 20.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,900 shares of company stock valued at $376,039 in the last quarter. 43.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Interparfums

Large investors have recently bought and sold shares of the stock. Eukles Asset Management bought a new stake in shares of Interparfums during the 1st quarter worth $30,000. CWM LLC raised its stake in shares of Interparfums by 29.4% during the 1st quarter. CWM LLC now owns 418 shares of the company's stock worth $48,000 after purchasing an additional 95 shares during the period. Blue Trust Inc. raised its stake in shares of Interparfums by 52.0% during the 1st quarter. Blue Trust Inc. now owns 506 shares of the company's stock worth $58,000 after purchasing an additional 173 shares during the period. Coppell Advisory Solutions LLC raised its stake in shares of Interparfums by 210.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 512 shares of the company's stock worth $67,000 after purchasing an additional 347 shares during the period. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of Interparfums during the 2nd quarter worth $76,000. 55.57% of the stock is currently owned by institutional investors.

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.