Inter Parfums, Inc. (NASDAQ:IPAR – Get Rating) gapped up prior to trading on Tuesday after DA Davidson raised their price target on the stock from $98.00 to $104.00. The stock had previously closed at $88.51, but opened at $91.60. DA Davidson currently has a buy rating on the stock. Inter Parfums shares last traded at $91.60, with a volume of 4 shares changing hands.
Several other equities analysts have also recently weighed in on the company. StockNews.com started coverage on Inter Parfums in a report on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet raised Inter Parfums from a “c+” rating to a “b-” rating in a report on Monday, August 15th. Finally, Piper Sandler lifted their price objective on Inter Parfums to $108.00 in a report on Wednesday, November 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Inter Parfums presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.00.
Insider Transactions at Inter Parfums
In other news, CFO Russell Greenberg sold 2,489 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $78.51, for a total transaction of $195,411.39. Following the completion of the transaction, the chief financial officer now owns 7,500 shares of the company’s stock, valued at approximately $588,825. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 44.20% of the stock is owned by insiders.
Institutional Investors Weigh In On Inter Parfums
Inter Parfums Price Performance
The business has a 50-day moving average of $79.80 and a two-hundred day moving average of $77.41. The firm has a market cap of $2.93 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96. The company has a current ratio of 2.85, a quick ratio of 1.71 and a debt-to-equity ratio of 0.15.
Inter Parfums Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.18%. Inter Parfums’s dividend payout ratio (DPR) is presently 62.11%.
Inter Parfums Company Profile
Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. 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, Kate Spade, Lily Aldridge, Lanvin, Moncler, Montblanc, Rochas, S.T.
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