Inter Parfums, Inc. (IPAR) Director Torres Robert Bensoussan Sells 6,000 Shares of Stock

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%.

TRADEMARK VIOLATION WARNING: This report was first published by Community Financial News and is owned by of Community Financial News. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.com-unik.info/2017/10/13/inter-parfums-inc-ipar-director-torres-robert-bensoussan-sells-6000-shares-of-stock.html.

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.

What are top analysts saying about Inter Parfums Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Inter Parfums Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit