Insider Selling: Interparfums, Inc. (NASDAQ:IPAR) Director Sells $53,584.00 in Stock

Interparfums, Inc. (NASDAQ:IPAR) Director Gilbert Harrison sold 400 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $133.96, for a total transaction of $53,584.00. Following the completion of the transaction, the director now owns 1,550 shares of the company’s stock, valued at $207,638. This represents a 20.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Interparfums Price Performance

Shares of NASDAQ IPAR opened at $131.91 on Friday. Interparfums, Inc. has a twelve month low of $97.65 and a twelve month high of $148.15. The company has a current ratio of 2.97, a quick ratio of 1.68 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 25.66 and a beta of 1.40. The firm has a 50-day moving average of $126.64 and a two-hundred day moving average of $127.65.

Interparfums (NASDAQ:IPAR) last issued its quarterly earnings results on Monday, May 5th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.19. Interparfums had a net margin of 11.30% and a return on equity of 17.62%. The company had revenue of $339.00 million during the quarter, compared to the consensus estimate of $329.21 million. During the same period in the prior year, the company earned $1.27 EPS. Interparfums’s revenue was up 4.6% on a year-over-year basis. As a group, analysts expect that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Interparfums

A number of institutional investors and hedge funds have recently bought and sold shares of IPAR. Principal Securities Inc. lifted its holdings in Interparfums by 15.1% in the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock valued at $174,000 after acquiring an additional 174 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Interparfums by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 87,539 shares of the company’s stock valued at $11,512,000 after acquiring an additional 2,548 shares during the last quarter. Truist Financial Corp lifted its holdings in Interparfums by 1.1% in the 4th quarter. Truist Financial Corp now owns 17,583 shares of the company’s stock valued at $2,312,000 after acquiring an additional 184 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Interparfums by 17.2% in the 4th quarter. Bank of New York Mellon Corp now owns 291,575 shares of the company’s stock valued at $38,345,000 after acquiring an additional 42,692 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Interparfums by 23.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the company’s stock valued at $215,000 after acquiring an additional 310 shares during the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Interparfums in a research report on Wednesday, May 7th. DA Davidson reiterated a “buy” rating and issued a $170.00 target price on shares of Interparfums in a research report on Tuesday, March 25th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $138.00 target price (down previously from $169.00) on shares of Interparfums in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $157.60.

About Interparfums

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. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.