Interparfums (NASDAQ:IPAR) Shares Gap Down - Here's Why

Interparfums, Inc. (NASDAQ:IPAR - Get Free Report)'s stock price gapped down prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on IPAR shares. Piper Sandler reissued an "overweight" rating and issued a $138.00 price objective (down from $169.00) on shares of Interparfums in a research report on Thursday, April 24th. BWS Financial reiterated a "buy" rating and issued a $172.00 price objective on shares of Interparfums in a report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Interparfums currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.00.

Interparfums Price Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.68 and a current ratio of 2.97. The company has a market capitalization of $4.02 billion, a PE ratio of 24.34 and a beta of 1.36. The company's 50-day simple moving average is $133.80 and its 200-day simple moving average is $127.70.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.19. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. The company had revenue of $339.00 million for the quarter, compared to the consensus estimate of $329.21 million. During the same period last year, the business posted $1.27 EPS. The company's revenue was up 4.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Insider Buying and Selling at Interparfums

In related news, Director Gilbert Harrison sold 400 shares of Interparfums stock in a transaction that occurred 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 sale, the director directly owned 1,550 shares in the company, valued at $207,638. The trade was a 20.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Veronique Gabai-Pinsky sold 1,500 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total transaction of $183,225.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,900 shares of company stock valued at $376,039. 43.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Interparfums

Institutional investors have recently modified their holdings of the company. CWM LLC lifted its stake in shares of Interparfums by 29.4% during the first quarter. CWM LLC now owns 418 shares of the company's stock valued at $48,000 after buying an additional 95 shares during the period. Cetera Investment Advisers increased its holdings in Interparfums by 1.7% in the fourth quarter. Cetera Investment Advisers now owns 5,796 shares of the company's stock valued at $762,000 after buying an additional 96 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Interparfums by 5.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,823 shares of the company's stock valued at $208,000 after acquiring an additional 98 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in Interparfums by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,907 shares of the company's stock valued at $251,000 after purchasing an additional 121 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC grew its position in shares of Interparfums by 6.1% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 2,249 shares of the company's stock valued at $296,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company's stock.

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.