B. Riley & Co. Released “Buy” Rating on Inter Parfums (IPAR)

Inter Parfums (IPAR) was Reiterated by B. Riley & Co. to “Buy” while Lowering the Price Target of the company shares to $ 40 from a previous price target of $42 . B. Riley & Co. advised their Clients and Investors in a research report released on Mar 15, 2017.

Based on several research reports , Shares were Reiterated by B. Riley & Co. on Mar 15, 2017 to “Buy” and Lowered the Price Target to $ 40 from a previous price target of $42 .

Several company insiders have filed Insider transactions , on Jan 4, 2017, Henry B. Clarke (President Inter Parfums USA) sold 1,500 shares at $32.75 per share price. According to the SEC, on Dec 13, 2016, Russell Greenberg (EX VP and CFO) sold 5,000 shares at $36.05 per share price. On Dec 8, 2016, Pelayo Frederic Garcia (DirExprt InterparfumsSA) sold 600 shares at $33.63 per share price, according to the Form-4 filing with the securities and exchange commission.

On the company’s financial health, Inter Parfums reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 13, 2017. Analyst had a consensus of $0.11. The company had revenue of $134.80 million for the quarter, compared to analysts expectations of $125.17 million. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Inter Parfums opened for trading at $35.8 and hit $36.9 on the upside on Wednesday, eventually ending the session at $36.65, with a gain of 3.09% or 1.1 points. The heightened volatility saw the trading volume jump to 1,84,835 shares. Company has a market cap of $1,142 M.

Inter Parfums Inc. operates in the fragrance business and manufacture markets and distributes an array of fragrances and fragrance related products. The Company operates in two segments: European-based operations and United States-based operations. The Company produces and distributes prestige fragrance products primarily under license agreements with brand owners and prestige product sales through its European operations. It has a portfolio of prestige brands which include Balmain Boucheron Jimmy Choo Karl Lagerfeld Lanvin Montblanc Paul Smith S.T. Dupont Repetto and Van Cleef & Arpels whose products are distributed in over 100 countries around the world. The Company’s Prestige brand and specialty retail fragrance and fragrance related products are marketed through its United States operations. Its brands include Abercrombie & Fitch Agent Provocateur Anna Sui Banana Republic bebe Dunhill Gap Hollister Oscar de la Renta and Shanghai Tang brands.

Inter Parfums

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