BidaskClub upgraded shares of Inter Parfums (NASDAQ:IPAR) from a sell rating to a hold rating in a research report report published on Saturday, March 10th.
Other analysts have also issued reports about the stock. BWS Financial set a $56.00 price objective on shares of Inter Parfums and gave the company a buy rating in a research note on Monday, February 26th. Zacks Investment Research upgraded Inter Parfums from a sell rating to a buy rating and set a $53.00 target price on the stock in a report on Tuesday, January 16th. DA Davidson upgraded Inter Parfums from a neutral rating to a buy rating and upped their target price for the company from $46.00 to $51.00 in a report on Wednesday, January 10th. Citigroup set a $52.00 price objective on Inter Parfums and gave the stock a buy rating in a report on Wednesday, January 3rd. Finally, KeyCorp downgraded Inter Parfums from an overweight rating to a sector weight rating in a report on Monday, January 22nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $47.67.
Shares of Inter Parfums (NASDAQ:IPAR) traded up $0.65 on Friday, reaching $49.15. 175,218 shares of the company were exchanged, compared to its average volume of 130,919. The company has a market cap of $1,536.97, a price-to-earnings ratio of 36.68, a PEG ratio of 2.71 and a beta of 1.70. The company has a quick ratio of 2.54, a current ratio of 3.29 and a debt-to-equity ratio of 0.06. Inter Parfums has a 12-month low of $34.05 and a 12-month high of $49.30.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.71%. Inter Parfums’s dividend payout ratio is 62.69%.
In other news, CFO Russell Greenberg sold 7,595 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $47.59, for a total value of $361,446.05. Following the completion of the sale, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at $237,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 15,595 shares of company stock valued at $733,946 over the last three months. 45.40% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC bought a new position in Inter Parfums in the fourth quarter worth $356,000. LPL Financial LLC bought a new position in shares of Inter Parfums during the fourth quarter valued at $222,000. Millennium Management LLC bought a new position in shares of Inter Parfums during the fourth quarter valued at $233,000. Stone Ridge Asset Management LLC bought a new position in shares of Inter Parfums during the fourth quarter valued at $819,000. Finally, Guggenheim Capital LLC bought a new position in shares of Inter Parfums during the fourth quarter valued at $888,000. 55.15% of the stock is owned by hedge funds and other institutional investors.
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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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