Inter Parfums (IPAR) Insider Pelayo Frederic Garcia Sells 5,000 Shares of Stock

Inter Parfums (NASDAQ:IPAR) insider Pelayo Frederic Garcia sold 5,000 shares of Inter Parfums stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $51.24, for a total transaction of $256,200.00. Following the transaction, the insider now owns 600 shares of the company’s stock, valued at approximately $30,744. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Pelayo Frederic Garcia also recently made the following trade(s):

  • On Monday, March 26th, Pelayo Frederic Garcia sold 6,400 shares of Inter Parfums stock. The stock was sold at an average price of $46.43, for a total transaction of $297,152.00.

Shares of Inter Parfums traded down $0.05, reaching $53.00, during midday trading on Friday, according to Marketbeat.com. 149,097 shares of the stock were exchanged, compared to its average volume of 123,365. The company has a market cap of $1.66 billion, a PE ratio of 39.85, a price-to-earnings-growth ratio of 2.72 and a beta of 1.58. Inter Parfums has a 52-week low of $34.05 and a 52-week high of $53.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.36 and a quick ratio of 2.53.



Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Tuesday, May 8th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $171.77 million during the quarter, compared to the consensus estimate of $159.85 million. Inter Parfums had a net margin of 7.12% and a return on equity of 7.80%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. analysts anticipate that Inter Parfums will post 1.59 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be issued a $0.21 dividend. The ex-dividend date is Thursday, June 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.58%. Inter Parfums’s payout ratio is 63.16%.

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in Inter Parfums in the first quarter valued at approximately $119,000. BB&T Securities LLC purchased a new stake in Inter Parfums in the first quarter valued at approximately $202,000. Crossmark Global Holdings Inc. purchased a new stake in Inter Parfums in the fourth quarter valued at approximately $206,000. LPL Financial LLC purchased a new stake in Inter Parfums in the fourth quarter valued at approximately $222,000. Finally, Millennium Management LLC purchased a new stake in Inter Parfums in the fourth quarter valued at approximately $233,000. Hedge funds and other institutional investors own 55.21% of the company’s stock.

IPAR has been the subject of a number of recent research reports. ValuEngine downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, April 4th. BidaskClub upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a report on Saturday, March 10th. Finally, BWS Financial set a $56.00 price target on shares of Inter Parfums and gave the stock a “buy” rating in a report on Monday, February 26th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $49.33.

About Inter Parfums

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.

Insider Buying and Selling by Quarter for Inter Parfums (NASDAQ:IPAR)

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