Inter Parfums, Inc. (NASDAQ:IPAR) had its price target decreased by equities research analysts at DA Davidson from $49.00 to $46.00 in a report released on Wednesday. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s target price would indicate a potential upside of 9.79% from the company’s previous close. DA Davidson also issued estimates for Inter Parfums’ Q4 2017 earnings at $0.11 EPS, Q1 2018 earnings at $0.48 EPS and Q3 2018 earnings at $0.59 EPS.
Other research analysts have also issued reports about the company. Citigroup Inc. reaffirmed a “buy” rating and issued a $45.00 target price (up from $42.00) on shares of Inter Parfums in a research report on Thursday, August 10th. KeyCorp set a $44.00 target price on Inter Parfums and gave the stock a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Thursday, September 21st. Sidoti lowered Inter Parfums from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. Finally, BidaskClub raised Inter Parfums from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $44.00.
Inter Parfums (NASDAQ:IPAR) opened at $41.90 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.39 and a quick ratio of 2.54. Inter Parfums has a 52-week low of $30.45 and a 52-week high of $46.80. The firm has a market capitalization of $1,347.27, a PE ratio of 31.76, a price-to-earnings-growth ratio of 2.73 and a beta of 1.80.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Inter Parfums had a return on equity of 8.06% and a net margin of 7.13%. The company had revenue of $169.50 million for the quarter, compared to analyst estimates of $160.52 million. During the same period in the prior year, the firm posted $0.52 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. sell-side analysts anticipate that Inter Parfums will post 1.29 earnings per share for the current year.
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In related news, Director Patrick Choel sold 750 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $41.59, for a total transaction of $31,192.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Torres Robert Bensoussan sold 6,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $42.09, for a total value of $252,540.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,250 shares of company stock valued at $382,733. 45.40% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Texas Permanent School Fund boosted its stake in Inter Parfums by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 12,516 shares of the company’s stock valued at $459,000 after purchasing an additional 129 shares during the period. Rhumbline Advisers boosted its stake in Inter Parfums by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 46,668 shares of the company’s stock valued at $1,710,000 after purchasing an additional 232 shares during the period. Thrivent Financial For Lutherans boosted its stake in Inter Parfums by 3.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 9,580 shares of the company’s stock valued at $350,000 after purchasing an additional 280 shares during the period. Strs Ohio boosted its stake in Inter Parfums by 1.5% during the 2nd quarter. Strs Ohio now owns 20,500 shares of the company’s stock valued at $751,000 after purchasing an additional 300 shares during the period. Finally, Legal & General Group Plc boosted its stake in Inter Parfums by 1.1% during the 1st quarter. Legal & General Group Plc now owns 28,664 shares of the company’s stock valued at $1,048,000 after purchasing an additional 323 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.
Inter Parfums Company Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
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