Price Action Don’t Lie: Today Inter Parfums, Inc. Stock Reaches 52-Week High

Price Action Don't Lie: Today Inter Parfums, Inc. Stock Reaches 52 Week High

The stock of Inter Parfums, Inc. (NASDAQ:IPAR) hit a new 52-week high and has $36.05 target or 3.00% above today’s $35.00 share price. The 8 months bullish chart indicates low risk for the $1.09 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $36.05 price target is reached, the company will be worth $32.70M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 86,250 shares traded hands or 17.28% up from the average. Inter Parfums, Inc. (NASDAQ:IPAR) has risen 11.16% since April 25, 2016 and is uptrending. It has outperformed by 5.15% the S&P500.

Analysts await Inter Parfums, Inc. (NASDAQ:IPAR) to report earnings on March, 13. They expect $0.12 earnings per share, up 100.00% or $0.06 from last year’s $0.06 per share. IPAR’s profit will be $3.74M for 72.92 P/E if the $0.12 EPS becomes a reality. After $0.52 actual earnings per share reported by Inter Parfums, Inc. for the previous quarter, Wall Street now forecasts -76.92% negative EPS growth.

Inter Parfums, Inc. (NASDAQ:IPAR) Ratings Coverage

Out of 4 analysts covering Inter Parfums (NASDAQ:IPAR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Inter Parfums has been the topic of 9 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by B. Riley & Co on Tuesday, April 19. Zacks upgraded the shares of IPAR in a report on Wednesday, August 5 to “Sell” rating. Citigroup maintained it with “Buy” rating and $35 target price in Monday, May 16 report. Sidoti downgraded the shares of IPAR in a report on Tuesday, March 22 to “Neutral” rating. The company was initiated on Friday, December 4 by KeyBanc Capital Markets. B. Riley & Co upgraded the shares of IPAR in a report on Tuesday, July 26 to “Buy” rating. The stock of Inter Parfums, Inc. (NASDAQ:IPAR) earned “Buy” rating by Citigroup on Tuesday, March 15. The rating was maintained by Citigroup on Thursday, August 11 with “Buy”. The firm has “Buy” rating given on Tuesday, June 28 by Sidoti.

According to Zacks Investment Research, “Inter Parfums, Inc. is a world-wide provider of prestige perfumes and mass market perfumes and cosmetics. They operate in the fragrance and cosmetic industry, specializing in prestige perfumes and mass market perfumes and cosmetics.”

Insitutional Activity: The institutional sentiment increased to 1.53 in Q2 2016. Its up 0.10, from 1.43 in 2016Q1. The ratio is positive, as 6 funds sold all Inter Parfums, Inc. shares owned while 34 reduced positions. 11 funds bought stakes while 46 increased positions. They now own 16.30 million shares or 0.71% less from 16.42 million shares in 2016Q1.
Ny State Teachers Retirement Systems accumulated 0% or 7,675 shares. Moreover, Fincl Bank Of Montreal Can has 0% invested in Inter Parfums, Inc. (NASDAQ:IPAR) for 3,887 shares. Swiss National Bank & Trust accumulated 0% or 29,700 shares. Blackrock Inc holds 0% of its portfolio in Inter Parfums, Inc. (NASDAQ:IPAR) for 3,352 shares. Ls Investment Ltd has invested 0% of its portfolio in Inter Parfums, Inc. (NASDAQ:IPAR). Louisiana State Employees Retirement holds 0.01% of its portfolio in Inter Parfums, Inc. (NASDAQ:IPAR) for 7,600 shares. Ladenburg Thalmann Financial Incorporated, a Florida-based fund reported 1,170 shares. Ny State Common Retirement Fund accumulated 0% or 41,141 shares. Tiaa Cref Inv Mngmt Llc accumulated 53,346 shares or 0% of the stock. Schwab Charles Inv Management last reported 52,903 shares in the company. Qs Investors Lc reported 21 shares or 0% of all its holdings. Texas Permanent School Fund holds 13,060 shares or 0% of its portfolio. Dimensional Fund Advisors Lp has 1.27 million shares for 0.02% of their US portfolio. Moreover, Fincl Bank Of America De has 0% invested in Inter Parfums, Inc. (NASDAQ:IPAR) for 197,552 shares. Capital Impact Advisors Limited Liability Co has 28,373 shares for 0.38% of their US portfolio.

Insider Transactions: Since August 12, 2016, the stock had 0 insider purchases, and 4 sales for $1.14 million net activity. Another trade for 12,323 shares valued at $426,656 was sold by GREENBERG RUSSELL. 12,418 shares were sold by Clarke Henry B., worth $428,494.

More notable recent Inter Parfums, Inc. (NASDAQ:IPAR) news were published by: Businesswire.com which released: “Inter Parfums, Inc. Provides Initial 2017 Guidance” on November 14, 2016, also Businesswire.com with their article: “Inter Parfums, Inc. Reports 13.4% Increase in 2016 Third Quarter Sales” published on October 24, 2016, Businesswire.com published: “Inter Parfums, Inc. Schedules 2016 Third Quarter Release for Tuesday, November …” on October 31, 2016. More interesting news about Inter Parfums, Inc. (NASDAQ:IPAR) were released by: Investorplace.com and their article: “Why AK Steel Holding Corporation (AKS), Inter Parfums, Inc. (IPAR) and JetBlue …” published on July 26, 2016 as well as Nasdaq.com‘s news article titled: “Inter Parfums (IPAR) Passes Through 2% Yield Mark” with publication date: November 23, 2016.

IPAR Company Profile

Inter Parfums, Inc., incorporated on May 6, 1985, operates in the fragrance business. The Firm makes, markets and distributes fragrances and fragrance-related products. The Firm operates in two divisions: European based activities and United States based operations. The European assets are located and activities are conducted in France. The Company’s European and United States Operations represent the sale of prestige brand name fragrances. The Firm operates stores in the United States, Canada, Europe, Asia, Australia and the Middle East.

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