Shares of Inter Parfums, Inc. (NASDAQ:IPAR) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $72.80.
Several research firms have issued reports on IPAR. DA Davidson began coverage on Postal Realty Trust in a report on Monday, June 10th. They issued a “buy” rating on the stock. BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Finally, Zacks Investment Research cut Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th.
IPAR traded up $1.09 during trading on Tuesday, reaching $66.43. The stock had a trading volume of 95,500 shares, compared to its average volume of 120,004. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 38.85, a price-to-earnings-growth ratio of 2.80 and a beta of 0.95. The company has a quick ratio of 2.20, a current ratio of 3.10 and a debt-to-equity ratio of 0.07. Inter Parfums has a 1-year low of $54.22 and a 1-year high of $80.99. The stock has a 50 day simple moving average of $65.77.
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, June 27th. Inter Parfums’s dividend payout ratio (DPR) is currently 64.33%.
In other Inter Parfums news, CEO Jean Madar sold 4,523 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $67.05, for a total transaction of $303,267.15. Following the sale, the chief executive officer now directly owns 77,007 shares of the company’s stock, valued at approximately $5,163,319.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 58,946 shares of company stock worth $3,959,128. Company insiders own 45.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund acquired a new stake in Inter Parfums in the fourth quarter worth about $430,000. LPL Financial LLC boosted its holdings in Inter Parfums by 4.0% in the fourth quarter. LPL Financial LLC now owns 7,075 shares of the company’s stock worth $464,000 after acquiring an additional 269 shares in the last quarter. Texas Permanent School Fund boosted its holdings in Inter Parfums by 4.1% in the fourth quarter. Texas Permanent School Fund now owns 11,278 shares of the company’s stock worth $739,000 after acquiring an additional 439 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Inter Parfums in the fourth quarter worth about $215,000. Finally, Citigroup Inc. boosted its holdings in Inter Parfums by 15.7% in the fourth quarter. Citigroup Inc. now owns 12,485 shares of the company’s stock worth $819,000 after acquiring an additional 1,692 shares in the last quarter. Institutional investors and hedge funds own 54.70% of the company’s stock.
Inter Parfums Company Profile
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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