Inter Parfums, Inc. (NASDAQ:IPAR – Get Rating) – Stock analysts at Jefferies Financial Group lifted their Q1 2023 EPS estimates for shares of Inter Parfums in a research note issued to investors on Monday, November 21st. Jefferies Financial Group analyst A. Helgans now forecasts that the company will post earnings of $1.34 per share for the quarter, up from their previous forecast of $1.10. The consensus estimate for Inter Parfums’ current full-year earnings is $3.41 per share. Jefferies Financial Group also issued estimates for Inter Parfums’ Q3 2023 earnings at $1.34 EPS and Q4 2023 earnings at $0.08 EPS.
IPAR has been the topic of several other research reports. Piper Sandler boosted their price target on shares of Inter Parfums to $108.00 in a research report on Wednesday, November 16th. StockNews.com began coverage on shares of Inter Parfums in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. DA Davidson boosted their price target on shares of Inter Parfums from $98.00 to $104.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, TheStreet raised shares of Inter Parfums from a “c+” rating to a “b-” rating in a research report on Monday, August 15th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.00.
Inter Parfums Trading Down 1.1 %
Inter Parfums Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $2.00 annualized dividend and a yield of 2.20%. Inter Parfums’s dividend payout ratio (DPR) is currently 62.11%.
Insider Activity at Inter Parfums
In related news, CFO Russell Greenberg sold 2,489 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $78.51, for a total value of $195,411.39. Following the sale, the chief financial officer now directly owns 7,500 shares in the company, valued at approximately $588,825. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 44.20% of the stock is owned by insiders.
Institutional Trading of Inter Parfums
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Laurel Wealth Advisors Inc. raised its holdings in Inter Parfums by 2.9% in the 3rd quarter. Laurel Wealth Advisors Inc. now owns 4,653 shares of the company’s stock valued at $351,000 after buying an additional 129 shares during the period. Mutual of America Capital Management LLC increased its stake in Inter Parfums by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 2,561 shares of the company’s stock worth $225,000 after purchasing an additional 133 shares during the period. BNP Paribas Arbitrage SA increased its stake in Inter Parfums by 1.2% during the second quarter. BNP Paribas Arbitrage SA now owns 11,253 shares of the company’s stock worth $822,000 after purchasing an additional 135 shares during the period. Arbor Capital Management Inc. ADV increased its stake in Inter Parfums by 1.1% during the third quarter. Arbor Capital Management Inc. ADV now owns 13,049 shares of the company’s stock worth $1,014,000 after purchasing an additional 147 shares during the period. Finally, Captrust Financial Advisors increased its stake in Inter Parfums by 4.9% during the first quarter. Captrust Financial Advisors now owns 3,299 shares of the company’s stock worth $290,000 after purchasing an additional 155 shares during the period. 55.58% of the stock is currently owned by hedge funds and other institutional investors.
About Inter Parfums
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.
- Get a free copy of the StockNews.com research report on Inter Parfums (IPAR)
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