Inter Parfums, Inc (IPAR) is a company that deals in fragrances and products relating to it. With various subsidiaries under its belt, the firm manufactures, distributes, and markets its products in two different regional segments.
On Friday, the shares of IPAR opened at $61.14. Reports confirm that it had been labeled an average, as researchers called for a “hold” on its stocks. Out of eleven, six analysts recommended it to be held. One rated it as to be sold, while the other two recommended the stocks to be bought- one of them issuing a “buy” label stronger.
Analysts’ Report On IPAR Stock
On December 29th, Zack Investment Research indicated a low by rating it as “sell” against a “hold” with the price being $64.00. A hike was reported on the 11th of November by Smith Barney Citigroup, reaching $56.00 against $46.00. IPAR stock saw another hike by BidaskClub on Thursday, strongly recommending a “buy.”
According to DA Davidson, the target price of Inter Parfums, Inc dipped to $50.00 from $55.00. Their report was on the 2nd of December, Wednesday, labeling the shares as “neutral.”
19,000 of the firm’s shares were sold by Philippe Benacin, at $56.55, now personally owning 19,000 shares with a value of $1,074,450. On Wednesday, Jean Madar also sold the firm’s shares. The 10,200 shares sold for $58.03. Now the CEO owns 8,500 shares in Inter Parfums, Inc. Insiders of the corporate own 44.70% of the firm’s stock.
The Employees Retirement System of Louisiana bought 3,440 additional shares, summing up its value to $306,000. Other Investors and Hedge Funds now own over 49.50% of its stock.
November 9th, Inter Parfums, Inc posted the results of the firm’s quarterly earnings. The EPS for the quarter was $0.52, outperforming Zack’s estimate that predicted $0.41 or $0.11. The company’s revenue for the quarter topped the anticipated $107.80 million, earning $160.64 million. An EPS of 0.84 is predicted for the entire current year.
