Today it was reported that a Director at Inter Parfums (IPAR), Patrick Choel, exercised options to buy 875 IPAR shares at $29.04 a share, for a total transaction value of $25.42K. The options were close to expired and Patrick Choel retained stocks.
This recent transaction increases Patrick Choel’s holding in the company by 233.33% to a total of $120.8K. Following Patrick Choel’s last IPAR Buy transaction on February 06, 2018, the stock climbed by 18.4%.
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Based on Inter Parfums’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $177 million and quarterly net profit of $18.94 million. In comparison, last year the company earned revenue of $170 million and had a net profit of $17.08 million. IPAR’s market cap is $1.89B and the company has a P/E ratio of 37.75. Currently, Inter Parfums has an average volume of 60.14K.
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Inter Parfums, Inc. engages in the business of manufacturing, marketing and distributing wide array of fragrances and fragrance related products. It operates through following segments: European Based Operations and United States Based Operations.