Inter Parfums (IPAR) Reaches New 1-Year High at $69.96

Inter Parfums, Inc. (NASDAQ:IPAR) reached a new 52-week high during trading on Tuesday . The company traded as high as $69.96 and last traded at $68.93, with a volume of 1612 shares. The stock had previously closed at $68.82.

A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Inter Parfums from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. BWS Financial cut shares of Inter Parfums from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Friday, December 28th. BidaskClub cut shares of Inter Parfums from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 9th. Citigroup set a $64.00 target price on shares of Inter Parfums and gave the company a “hold” rating in a report on Wednesday, November 7th. Finally, DA Davidson lowered their target price on shares of Inter Parfums from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, November 13th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $65.80.

The company has a current ratio of 3.36, a quick ratio of 2.37 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.16 billion, a PE ratio of 51.83, a price-to-earnings-growth ratio of 3.11 and a beta of 0.88.

In other news, CFO Russell Greenberg sold 8,941 shares of the business’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $67.98, for a total transaction of $607,809.18. Following the completion of the transaction, the chief financial officer now directly owns 3,941 shares in the company, valued at approximately $267,909.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philippe Benacin sold 19,000 shares of the business’s stock in a transaction on Friday, December 21st. The shares were sold at an average price of $63.52, for a total transaction of $1,206,880.00. Following the transaction, the insider now owns 19,000 shares of the company’s stock, valued at $1,206,880. The disclosure for this sale can be found here. Insiders have sold a total of 50,082 shares of company stock worth $3,230,233 in the last three months. Insiders own 45.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new position in shares of Inter Parfums during the 4th quarter valued at $105,000. LS Investment Advisors LLC grew its position in shares of Inter Parfums by 60.7% during the 4th quarter. LS Investment Advisors LLC now owns 2,133 shares of the company’s stock valued at $140,000 after purchasing an additional 806 shares in the last quarter. First Manhattan Co. grew its position in shares of Inter Parfums by 200.0% during the 4th quarter. First Manhattan Co. now owns 2,400 shares of the company’s stock valued at $157,000 after purchasing an additional 1,600 shares in the last quarter. First Mercantile Trust Co. purchased a new position in shares of Inter Parfums during the 4th quarter valued at $177,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Inter Parfums during the 4th quarter valued at $215,000. Hedge funds and other institutional investors own 57.23% of the company’s stock.

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Inter Parfums Company Profile (NASDAQ:IPAR)

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.

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