In a report released yesterday, Joseph Altobello from Raymond James maintained a Hold rating on Inter Parfums (IPAR). The company’s shares closed last Monday at $72.33, close to its 52-week high of $77.84.
According to TipRanks.com, Altobello is a 5-star analyst with an average return of 21.6% and a 67.4% success rate. Altobello covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, MasterCraft Boat Holdings, and Acushnet Holdings.
Inter Parfums has an analyst consensus of Hold, with a price target consensus of $77.50.
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Inter Parfums’ market cap is currently $2.29B and has a P/E ratio of 61.90. The company has a Price to Book ratio of 7.36.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IPAR in relation to earlier this year. Most recently, in March 2021, Philippe Santi, the CFO Interparfums SA of IPAR sold 4,800 shares for a total of $351,576.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Inter Parfums, Inc. engages in the business of manufacturing, marketing and distributing wide array of fragrances and related products. It operates through following segments: European Based Operations and United States Based Operations. The European Based Operations segment conducts primarily in France. The United States Based Operations segment includes the sale of prestige brand name fragrances. Its brands include Abercrombie & Fitch, Anna Sui, Bebe, Coach, Dunhill, Hollister, Jimmy Choo, Montblanc, Paul Smith, Repetto and other. The company was founded by Jean Madar and Philippe Benacin in May 1985 and is headquartered in New York, NY.
