Inter Parfums, Inc. (NASDAQ:IPAR) Director Patrick Choel sold 750 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $41.59, for a total value of $31,192.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Inter Parfums, Inc. (NASDAQ:IPAR) traded up 0.12% on Friday, reaching $41.45. The company’s stock had a trading volume of 11,253 shares. Inter Parfums, Inc. has a 52-week low of $29.40 and a 52-week high of $42.55. The firm has a market cap of $1.29 billion, a PE ratio of 32.13 and a beta of 1.76. The stock’s 50 day moving average price is $39.90 and its 200 day moving average price is $37.39.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Monday, August 7th. The company reported $0.22 earnings per share for the quarter, beating 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 firm had revenue of $129.10 million for the quarter, compared to analysts’ expectations of $122.57 million. During the same quarter last year, the firm posted $0.19 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. Equities research analysts expect that Inter Parfums, Inc. will post $1.28 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.64%. Inter Parfums’s payout ratio is currently 52.31%.

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A number of research analysts recently commented on IPAR shares. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Friday, September 1st. Citigroup Inc. reiterated a “buy” rating and issued a $45.00 target price (up previously from $42.00) on shares of Inter Parfums in a research report on Thursday, August 10th. DA Davidson reiterated a “buy” rating and issued a $45.00 target price (up previously from $44.00) 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 Monday, July 24th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $42.60.

Several institutional investors have recently made changes to their positions in the company. Arizona State Retirement System increased its position in shares of Inter Parfums by 1.1% during the 1st quarter. Arizona State Retirement System now owns 8,909 shares of the company’s stock valued at $326,000 after purchasing an additional 100 shares during the last quarter. Texas Permanent School Fund increased its position in shares of Inter Parfums by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 12,516 shares of the company’s stock valued at $459,000 after purchasing an additional 129 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Inter Parfums by 3.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,954 shares of the company’s stock valued at $145,000 after purchasing an additional 136 shares during the last quarter. Rhumbline Advisers increased its position in shares of Inter Parfums by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 46,668 shares of the company’s stock valued at $1,710,000 after purchasing an additional 232 shares during the last quarter. Finally, Mason Street Advisors LLC increased its position in shares of Inter Parfums by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 4,001 shares of the company’s stock valued at $146,000 after purchasing an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 55.61% of the company’s stock.

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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