Inter Parfums Inc. (NASDAQ:IPAR) – B. Riley raised their Q1 2017 EPS estimates for Inter Parfums in a report issued on Tuesday. B. Riley analyst L. Weiser now expects that the firm will post earnings per share of $0.30 for the quarter, up from their prior estimate of $0.29. B. Riley has a “Buy” rating and a $40.00 price target on the stock. B. Riley also issued estimates for Inter Parfums’ Q2 2017 earnings at $0.22 EPS.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, November 8th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Inter Parfums had a net margin of 6.20% and a return on equity of 6.62%. The firm earned $157.60 million during the quarter, compared to the consensus estimate of $155.23 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 13.5% on a year-over-year basis.

Earnings History and Estimates for Inter Parfums (NASDAQ:IPAR)

IPAR has been the subject of several other research reports. Zacks Investment Research lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. Citigroup Inc. raised their price target on shares of Inter Parfums from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Piper Jaffray Cos. restated a “neutral” rating and set a $33.00 price target (up previously from $29.00) on shares of Inter Parfums in a report on Saturday, August 13th. Brean Capital raised their price target on shares of Inter Parfums from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, August 15th. Finally, TheStreet upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $36.71.

Shares of Inter Parfums (NASDAQ:IPAR) traded up 3.36% during midday trading on Wednesday, reaching $32.30. 31,927 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $32.09 and a 200-day moving average price of $31.26. Inter Parfums has a 52-week low of $20.37 and a 52-week high of $35.07. The stock has a market cap of $1.00 billion, a P/E ratio of 32.30 and a beta of 1.63.

Hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. increased its stake in Inter Parfums by 3.3% in the first quarter. Prudential Financial Inc. now owns 41,192 shares of the company’s stock valued at $1,273,000 after buying an additional 1,300 shares during the last quarter. BlackRock Fund Advisors increased its stake in Inter Parfums by 0.5% in the first quarter. BlackRock Fund Advisors now owns 1,070,812 shares of the company’s stock valued at $33,088,000 after buying an additional 5,261 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Inter Parfums by 5.3% in the first quarter. JPMorgan Chase & Co. now owns 26,579 shares of the company’s stock valued at $821,000 after buying an additional 1,347 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Inter Parfums by 89.6% in the first quarter. Goldman Sachs Group Inc. now owns 23,569 shares of the company’s stock valued at $728,000 after buying an additional 11,136 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Inter Parfums by 80.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,893 shares of the company’s stock valued at $168,000 after buying an additional 2,634 shares during the last quarter. 53.43% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Russell Greenberg sold 2,677 shares of Inter Parfums stock in a transaction on Monday, August 29th. The shares were sold at an average price of $34.80, for a total value of $93,159.60. Following the completion of the sale, the chief financial officer now owns 677 shares of the company’s stock, valued at approximately $23,559.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Henry B. Clarke sold 5,582 shares of Inter Parfums stock in a transaction on Friday, August 26th. The shares were sold at an average price of $34.50, for a total transaction of $192,579.00. Following the completion of the sale, the insider now directly owns 2,707 shares of the company’s stock, valued at approximately $93,391.50. The disclosure for this sale can be found here. 45.50% of the stock is currently owned by corporate insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be given a $0.17 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $0.68 annualized dividend and a yield of 2.18%. This is an increase from Inter Parfums’s previous quarterly dividend of $0.15. Inter Parfums’s dividend payout ratio (DPR) is presently 59.41%.

About Inter Parfums

Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes fragrances and fragrance-related products. It operates in two segments: European based operations and United States based operations. Under its European Operations, the Company produces and distributes fragrance products primarily under license agreements with brand owners and its prestige brands include Balmain, Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, S.T.

5 Day Chart for NASDAQ:IPAR

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