Inter Parfums, Inc. (NASDAQ:IPAR) – DA Davidson increased their FY2020 earnings per share estimates for shares of Inter Parfums in a research report issued on Monday, September 17th, according to Zacks Investment Research. DA Davidson analyst L. Weiser now forecasts that the company will post earnings per share of $2.18 for the year, up from their previous estimate of $2.10. DA Davidson currently has a “Buy” rating and a $75.00 target price on the stock.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, August 7th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.09. The company had revenue of $149.37 million during the quarter, compared to the consensus estimate of $149.42 million. Inter Parfums had a return on equity of 8.37% and a net margin of 7.54%.
IPAR stock traded down $0.85 during mid-day trading on Thursday, reaching $56.17. 78,221 shares of the company traded hands, compared to its average volume of 102,672. The company has a market capitalization of $2.02 billion, a P/E ratio of 42.23, a price-to-earnings-growth ratio of 3.30 and a beta of 1.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.18 and a current ratio of 3.17. Inter Parfums has a fifty-two week low of $39.10 and a fifty-two week high of $67.50.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a $0.21 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.50%. Inter Parfums’s payout ratio is presently 63.16%.
In other news, insider Pelayo Frederic Garcia sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $65.20, for a total value of $234,720.00. Following the transaction, the insider now owns 1,000 shares in the company, valued at approximately $65,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Russell Greenberg sold 1,059 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $66.50, for a total value of $70,423.50. Following the completion of the transaction, the chief financial officer now owns 44 shares in the company, valued at approximately $2,926. The disclosure for this sale can be found here. Insiders sold a total of 8,259 shares of company stock worth $38,188,304 in the last 90 days. Company insiders own 45.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in IPAR. BlackRock Inc. raised its holdings in shares of Inter Parfums by 5.3% in the 1st quarter. BlackRock Inc. now owns 2,921,288 shares of the company’s stock worth $137,738,000 after purchasing an additional 147,769 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Inter Parfums by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,445,086 shares of the company’s stock worth $68,136,000 after purchasing an additional 10,091 shares during the period. Northern Trust Corp raised its holdings in shares of Inter Parfums by 1.5% in the 2nd quarter. Northern Trust Corp now owns 748,289 shares of the company’s stock worth $40,033,000 after purchasing an additional 11,396 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Inter Parfums by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 478,231 shares of the company’s stock worth $25,585,000 after purchasing an additional 31,499 shares during the period. Finally, Cortina Asset Management LLC raised its holdings in shares of Inter Parfums by 36.9% in the 2nd quarter. Cortina Asset Management LLC now owns 458,351 shares of the company’s stock worth $24,522,000 after purchasing an additional 123,582 shares during the period. Hedge funds and other institutional investors own 56.47% 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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