Inter Parfums, Inc. (NASDAQ:IPAR) Director Torres Robert Bensoussan sold 6,000 shares of the stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $42.09, for a total value of $252,540.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Inter Parfums (NASDAQ:IPAR) last released its earnings results on Monday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. Inter Parfums had a return on equity of 8.12% and a net margin of 7.14%. The business had revenue of $129.10 million for the quarter, compared to analyst estimates of $122.57 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. Inter Parfums’s revenue was up 10.2% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.68 annualized dividend and a yield of 1.62%. Inter Parfums’s payout ratio is presently 52.31%.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its holdings in Inter Parfums by 1.1% during the first quarter. Arizona State Retirement System now owns 8,909 shares of the company’s stock worth $326,000 after acquiring an additional 100 shares in the last quarter. Texas Permanent School Fund raised its holdings in Inter Parfums by 1.0% during the second quarter. Texas Permanent School Fund now owns 12,516 shares of the company’s stock worth $459,000 after acquiring an additional 129 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Inter Parfums by 3.6% during the first quarter. BNP Paribas Arbitrage SA now owns 3,954 shares of the company’s stock worth $145,000 after acquiring an additional 136 shares in the last quarter. Rhumbline Advisers raised its holdings in Inter Parfums by 0.5% during the second quarter. Rhumbline Advisers now owns 46,668 shares of the company’s stock worth $1,710,000 after acquiring an additional 232 shares in the last quarter. Finally, Mason Street Advisors LLC raised its holdings in Inter Parfums by 7.0% during the first quarter. Mason Street Advisors LLC now owns 4,001 shares of the company’s stock worth $146,000 after acquiring an additional 263 shares in the last quarter. Institutional investors and hedge funds own 55.61% of the company’s stock.
A number of equities analysts recently weighed in on the company. DA Davidson reiterated a “buy” rating and issued a $45.00 price target (up previously from $44.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Zacks Investment Research lowered Inter Parfums from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Citigroup Inc. reiterated a “buy” rating and issued a $45.00 price target (up previously from $42.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Finally, BidaskClub upgraded Inter Parfums from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $42.60.
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.
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