Inter Parfums, Inc. (IPAR)’s Stock Is Buy After Reaching 52-Week High

March 17, 2018 - By Darrin Black

Investors sentiment increased to 1.38 in 2017 Q3. Its up 0.32, from 1.06 in 2017Q2. It increased, as 12 investors sold Inter Parfums, Inc. shares while 35 reduced holdings. 18 funds opened positions while 47 raised stakes. 16.85 million shares or 0.21% less from 16.89 million shares in 2017Q2 were reported.
Envestnet Asset Mgmt Inc invested in 0% or 1,783 shares. Goldman Sachs Group Inc owns 146,626 shares. Qs Investors Limited Liability Co accumulated 21 shares. Congress Asset Management Ma holds 73,834 shares or 0.05% of its portfolio. Bogle Investment Mgmt L P De reported 44,070 shares or 0.12% of all its holdings. Blair William & Com Il reported 0% in Inter Parfums, Inc. (NASDAQ:IPAR). Atlanta Capital Mngmt L L C holds 0.27% of its portfolio in Inter Parfums, Inc. (NASDAQ:IPAR) for 1.14M shares. First Advsr L P owns 11,158 shares or 0% of their US portfolio. Spectrum Asset Mgmt (Nb Ca) owns 26,730 shares. New York-based Pinebridge Invests L P has invested 0.02% in Inter Parfums, Inc. (NASDAQ:IPAR). Suntrust Banks invested in 0.01% or 40,000 shares. Kbc Nv stated it has 22,794 shares. Manufacturers Life Ins Co The accumulated 13,836 shares. Riverhead Mgmt Ltd Liability reported 0% of its portfolio in Inter Parfums, Inc. (NASDAQ:IPAR). Pnc Fin Serv Gp reported 4,846 shares or 0% of all its holdings.

Since October 2, 2017, it had 0 insider buys, and 8 sales for $2.04 million activity. 2,405 shares valued at $115,440 were sold by GREENBERG RUSSELL on Wednesday, January 17. BENSOUSSAN TORRES ROBERT sold $252,556 worth of stock or 6,000 shares. 750 shares were sold by Choel Patrick, worth $31,191. The insider BENACIN PHILIPPE sold $835,520. 1,200 Inter Parfums, Inc. (NASDAQ:IPAR) shares with value of $54,120 were sold by GARCIA PELAYO FREDERIC. 8,200 shares were sold by MADAR JEAN, worth $360,785 on Wednesday, December 13.

The stock of Inter Parfums, Inc. (NASDAQ:IPAR) hit a new 52-week high and has $52.10 target or 6.00 % above today’s $49.15 share price. The 8 months bullish chart indicates low risk for the $1.53B company. The 1-year high was reported on Mar, 17 by If the $52.10 price target is reached, the company will be worth $91.98M 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.

The stock increased 1.34% or $0.65 during the last trading session, reaching $49.15. About 175,218 shares traded or 53.66% up from the average. Inter Parfums, Inc. (NASDAQ:IPAR) has risen 22.23% since March 17, 2017 and is uptrending. It has outperformed by 5.53% the S&P500.

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

Among 7 analysts covering Inter Parfums (NASDAQ:IPAR), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Inter Parfums had 21 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Inter Parfums, Inc. (NASDAQ:IPAR) has “Buy” rating given on Monday, October 16 by KeyBanc Capital Markets. Citigroup downgraded Inter Parfums, Inc. (NASDAQ:IPAR) on Monday, January 22 to “Neutral” rating. The stock of Inter Parfums, Inc. (NASDAQ:IPAR) has “Buy” rating given on Tuesday, June 28 by Sidoti. The company was initiated on Friday, December 4 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained the stock with “Buy” rating in Tuesday, September 12 report. The firm has “Buy” rating given on Tuesday, July 26 by B. Riley & Co. The firm earned “Neutral” rating on Thursday, November 2 by Sidoti. The rating was downgraded by KeyBanc Capital Markets on Tuesday, January 23 to “Sector Weight”. DA Davidson upgraded the stock to “Buy” rating in Wednesday, January 10 report. Sidoti downgraded Inter Parfums, Inc. (NASDAQ:IPAR) on Tuesday, March 22 to “Neutral” rating.

Inter Parfums, Inc., together with its subsidiaries, makes, markets, and distributes a range of fragrances and fragrance related products. The company has market cap of $1.53 billion. The firm operates in two divisions, European Based Operations and United States Based Operations. It has a 36.95 P/E ratio. It offers its fragrance and cosmetic products under the Balmain, Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, S.T.

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