Philippe Benacin Sells 19,000 Shares of Inter Parfums, Inc. (IPAR) Stock

Inter Parfums, Inc. (NASDAQ:IPAR) insider Philippe Benacin sold 19,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $43.97, for a total value of $835,430.00. Following the completion of the sale, the insider now directly owns 74,876 shares of the company’s stock, valued at approximately $3,292,297.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Inter Parfums, Inc. (NASDAQ IPAR) traded down $0.20 during trading on Friday, hitting $44.05. The company had a trading volume of 65,700 shares, compared to its average volume of 81,489. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39. The company has a market capitalization of $1,380.01, a P/E ratio of 32.54, a PEG ratio of 2.79 and a beta of 1.77. Inter Parfums, Inc. has a one year low of $31.45 and a one year high of $46.80.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $169.50 million during the quarter, compared to the consensus estimate of $160.52 million. Inter Parfums had a return on equity of 8.06% and a net margin of 7.13%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. equities analysts predict that Inter Parfums, Inc. will post 1.29 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 annualized dividend and a dividend yield of 1.91%. Inter Parfums’s dividend payout ratio (DPR) is presently 51.13%.

Several large investors have recently modified their holdings of the company. Texas Permanent School Fund increased its holdings in shares of Inter Parfums by 1.0% during the second quarter. Texas Permanent School Fund now owns 12,516 shares of the company’s stock valued at $459,000 after acquiring an additional 129 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Inter Parfums by 0.5% during the second quarter. Rhumbline Advisers now owns 46,668 shares of the company’s stock valued at $1,710,000 after acquiring an additional 232 shares in the last quarter. Strs Ohio increased its holdings in shares of Inter Parfums by 1.5% during the second quarter. Strs Ohio now owns 20,500 shares of the company’s stock valued at $751,000 after acquiring an additional 300 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Inter Parfums by 0.3% during the second quarter. Principal Financial Group Inc. now owns 130,387 shares of the company’s stock valued at $4,779,000 after acquiring an additional 351 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Inter Parfums by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 73,261 shares of the company’s stock valued at $2,686,000 after buying an additional 418 shares during the last quarter. Hedge funds and other institutional investors own 55.66% of the company’s stock.

IPAR has been the subject of a number of analyst reports. Zacks Investment Research lowered Inter Parfums from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Sidoti lowered Inter Parfums from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. DA Davidson lowered Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research note on Thursday, October 26th. Finally, BidaskClub raised Inter Parfums from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $44.00.

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About Inter Parfums

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.

Insider Buying and Selling by Quarter for Inter Parfums (NASDAQ:IPAR)

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