Inter Parfums Inc (NASDAQ:IPAR) Institutional Investors Sentiment Index Dropped in 2018 Q1

June 12, 2018 - By Jacob Falcon

Sentiment for Inter Parfums Inc (NASDAQ:IPAR)

Inter Parfums Inc (NASDAQ:IPAR) institutional sentiment decreased to 1.06 in 2018 Q1. Its down -0.02, from 1.08 in 2017Q4. The ratio fall, as 67 active investment managers increased and opened new positions, while 63 reduced and sold holdings in Inter Parfums Inc. The active investment managers in our partner’s database now possess: 16.40 million shares, down from 16.77 million shares in 2017Q4. Also, the number of active investment managers holding Inter Parfums Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 51 Increased: 42 New Position: 25.

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 $1.66 billion. The firm operates in two divisions, European Based Operations and United States Based Operations. It has a 37.56 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.

The stock decreased 0.47% or $0.25 during the last trading session, reaching $53. About 78,335 shares traded. Inter Parfums, Inc. (NASDAQ:IPAR) has risen 53.18% since June 12, 2017 and is uptrending. It has outperformed by 40.61% the S&P500.

Analysts await Inter Parfums, Inc. (NASDAQ:IPAR) to report earnings on August, 6. They expect $0.26 EPS, up 18.18 % or $0.04 from last year’s $0.22 per share. IPAR’s profit will be $8.13 million for 50.96 P/E if the $0.26 EPS becomes a reality. After $0.51 actual EPS reported by Inter Parfums, Inc. for the previous quarter, Wall Street now forecasts -49.02 % negative EPS growth.

Ranger Investment Management L.P. holds 2.52% of its portfolio in Inter Parfums, Inc. for 724,266 shares. Fortaleza Asset Management Inc owns 4,765 shares or 1.37% of their US portfolio. Moreover, Spectrum Asset Management Inc. (Nb Ca) has 1.21% invested in the company for 26,935 shares. The California-based Granite Investment Partners Llc has invested 0.87% in the stock. Cortina Asset Management Llc, a Wisconsin-based fund reported 334,769 shares.

Since January 1, 0001, it had 0 buys, and 7 sales for $3.09 million activity.

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

Ratings analysis reveals 60% of Inter Parfums’s analysts are positive. Out of 5 Wall Street analysts rating Inter Parfums, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $51.0 while the high is $57. The stock’s average target of $55 is 3.77% above today’s ($53) share price. IPAR was included in 7 notes of analysts from January 3, 2018. The rating was upgraded by Raymond James to “Outperform” on Thursday, May 10. KeyBanc Capital Markets downgraded Inter Parfums, Inc. (NASDAQ:IPAR) on Tuesday, January 23 to “Sector Weight” rating. On Monday, January 22 the stock rating was downgraded by Citigroup to “Neutral”. On Wednesday, January 10 the stock rating was upgraded by DA Davidson to “Buy”. The stock has “Buy” rating by DA Davidson on Thursday, April 26.

Inter Parfums, Inc. (NASDAQ:IPAR) Institutional Positions Chart

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