B. Riley Upgrades Inter Parfums to Buy

Brokerage firm B. Riley Upgrades its rating on Inter Parfums(NASDAQ:IPAR). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by B. Riley was issued on Jul 26, 2016.

In a different note, On May 16, 2016, Citigroup said it Maintains its rating on Inter Parfums. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Buy’ by the firm.

Inter Parfums (IPAR) shares turned negative on Fridays trading session with the shares closing down -0.09 points or -0.28% at a volume of 1,89,693. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.98. The peak price level was also seen at $32.98 while the days lowest was $32.33. Finally the shares closed at $32.54. The 52-week high of the shares is $33.48 while the 52-week low is $20.3676. According to the latest information available, the market cap of the company is $1,011 M.

Inter Parfums(IPAR) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $111.52M. Analysts had an estimated revenue of $110.58M. Earnings per share were $0.28. Analysts had estimated an EPS of $0.31.

Several Insider Transactions has been reported to the SEC. On Apr 15, 2016, Russell Greenberg (EX VP and CFO) sold 7,000 shares at $31.21 per share price.Also, On Apr 14, 2016, Philippe Santi (CFO Interparfums SA) sold 3,000 shares at $30.68 per share price.On Dec 9, 2015, Henry B. Clarke (President Inter Parfums USA) sold 7,500 shares at $26.27 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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