The analysts who contribute to the research that is published on StockNews.com have changed their recommendation for Inter Parfums (NASDAQ: IPAR) from “hold” to “buy” in a report that was published on Thursday.
Additional articles have been written on the subject of IPAR. The price objective that DA Davidson has placed on shares of Inter Parfums has increased from $116.00 to $126.00 as a result of a report that was released on Friday, January 6. Piper Sandler increased their price target on Inter Parfums from $108.00 to $115.00 in a report published on Tuesday, January 3. According to the findings of four separate pieces of research, it is recommended that investors purchase the stock. According to data from Bloomberg.com, visitors to the website have given the company a recommendation of “buy” and established an average price objective for the stock of $113.33 per share.
When trading began on Thursday, the share price of Inter Parfums was $109.99. This price remained unchanged throughout the day. The quick ratio is 1.71, the current ratio is 2.85, and the debt-to-equity ratio is 0.15. All of these numbers are relative to the liquidity of the company. All of these numbers should be interpreted in the context of the company’s liquidity. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 34.16, an earnings growth price-to-earnings ratio of 1.99, and a beta value of 0.98. These metrics indicate that the stock is relatively expensive relative to its earnings. These metrics point to the fact that the stock trades at a premium relative to its peers. Prices for Inter Parfums have ranged from a low of $64.52 to a high of $112.94 throughout the company’s most recent 52-week period. The moving average of the stock price over the previous two hundred days is $85.36, and the moving average of the commodity’s price over the same period is $97.25.
On November 9, the quarterly earnings report for Inter Parfums, which is traded on the NASDAQ under the symbol “IPAR,” was made public. The company reported quarterly earnings at $1.30 per share, which is $0.31 more than the consensus estimate of $0.99 per share. Inter Parfums showed a return on equity of 13.98 percent and a net margin of 10.45 percent. The most recent quarter’s actual sales for the company came in at $280.46 million, which is significantly higher than the consensus expectation of $278.70 million for that period. Inter Parfums is expected to generate earnings of 3.6 cents per share during the current fiscal year, according to projections made by industry experts.
In related business-related news, Chief Operating Officer Pelayo Frederic Garcia sold 9,463 shares of the company’s stock on Monday, January 9. The transaction took place during the company’s operations. The purchase price of each share during the sale was equal to an average of $110.72, which resulted in the total value of the transaction being equal to $1,047,743.36. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. In related business-related news, Chief Operating Officer Pelayo Frederic Garcia sold 9,463 shares of the company’s stock on Monday, January 9. The transaction took place during the company’s operations. The purchase price of each share during the sale was equal to an average of $110.72, which resulted in the total value of the transaction being equal to $1,047,743.36. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately.
Additionally, on January 9, 2019, Russell Greenberg, the company’s chief financial officer, sold 13,282 shares of company stock. Russell Greenberg sold these shares. The shares were acquired for a total cost of $1,470,450.22, which works out to a price of $110.71 per share on an average basis. Following the completion of the sale, the chief financial officer will have an ownership stake in the business that is equivalent to 8,0325 shares and has a value of $7,500. Disclosures that are related to the sale might be found in this section of the website. Over the most recent three months, company insiders have disposed of 63,063 shares of company stock, which together are worth a total of $6,471,551. The company is owned by its current and former employees to 44.20% of the total share capital.
In recent times, institutional investors have been engaged in purchasing and selling shares in various companies. The final three months of 2018 were spent by Ronald Blue Trust Inc., investing approximately $25,000 to purchase additional shares of Inter Parfums. Federated Hermes Inc. increased the percentage of ownership it held in Inter Parfums by 131.6% during the second quarter of the fiscal year. Federated Hermes Inc. currently possesses 528 shares of the company’s stock, valued at $39,000. This is because it acquired an additional 300 shares over the period, bringing the total number of shares it possesses up to 528. The value of FinTrust Capital Advisors LLC’s holdings in Inter Parfums increased by 92.0% during the second quarter compared to the previous quarter. FinTrust Capital Advisors LLC now has 960 shares of the company’s stock worth $78,000, thanks to the purchase of 460 additional shares of stock during the reporting period. Each share of the company’s stock has a value of $1. Bessemer Group Inc. brought its ownership stake in Inter Parfums up to 98.4 percent during its third fiscal quarter. After purchasing an additional 483 shares during the relevant period, Bessemer Group Inc. now has a total of 974 shares of the company’s stock, with a combined value of $74,000. These shares were acquired during the period in question. During the third month of the year, Tower Research Capital LLC was responsible for an increase in the stock holdings of Inter Parfums, which equaled 101.0% of the previous value (TRC). Tower Research Capital LLC (TRC) now holds 1,425 shares of the company’s stock, worth $107,000, after purchasing an additional 716 shares during the most recent quarter. The most recent fiscal quarter was used for the purchase of these shares. Institutional investors and investors who participate in hedge funds currently hold 55.41% of the company’s stock.
Inter Parfums, Inc. and its subsidiaries produce, sell, and distribute a wide range of perfume-related goods and fragrances in the United States of America and throughout the rest of the world. These activities take place in both domestic and international markets. The company can be broken up into two distinct divisions: American activities and European operations. This company markets fragrances and cosmetics under various brand names, including Boucheron, Coach, Jimmy Choo, Kate Spade, Lily Aldridge, Lanvin, Moncler, Montblanc, Rochas, and S.T. Dupont, to name a few.