A Reversal for Inter Parfums, Inc. (IPAR) Is Not Near. The Stock Reaches All Time High Today

March 14, 2018 - By Stephen Andrade

Investors sentiment increased to 1.38 in Q3 2017. 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.
Macquarie Gru Ltd owns 60,045 shares or 0% of their US portfolio. Stifel Corp holds 0.06% of its portfolio in Inter Parfums, Inc. (NASDAQ:IPAR) for 395,782 shares. Gsa Capital Ptnrs Llp owns 7,087 shares. Metropolitan Life Insur New York stated it has 0% in Inter Parfums, Inc. (NASDAQ:IPAR). Piermont Incorporated invested in 35,770 shares. Prudential reported 0% stake. The Delaware-based Riverhead Capital Llc has invested 0% in Inter Parfums, Inc. (NASDAQ:IPAR). Spectrum Asset Mngmt (Nb Ca) has 26,730 shares for 0.95% of their portfolio. Arizona State Retirement Systems holds 0% or 8,909 shares. Bahl & Gaynor holds 0.03% or 57,369 shares in its portfolio. Fdx Advsr holds 16,094 shares. Citigroup holds 17,423 shares or 0% of its portfolio. Public Employees Retirement Association Of Colorado has 4,687 shares. Clearbridge Ltd Liability Com reported 231,328 shares. First Advsrs Ltd Partnership holds 11,158 shares or 0% of its portfolio.

Since October 2, 2017, it had 0 buys, and 8 selling transactions for $2.04 million activity. 750 shares were sold by Choel Patrick, worth $31,191. Shares for $115,440 were sold by GREENBERG RUSSELL on Wednesday, January 17. $835,520 worth of Inter Parfums, Inc. (NASDAQ:IPAR) shares were sold by BENACIN PHILIPPE. On Tuesday, October 10 BENSOUSSAN TORRES ROBERT sold $252,556 worth of Inter Parfums, Inc. (NASDAQ:IPAR) or 6,000 shares. Another trade for 8,200 shares valued at $360,785 was made by MADAR JEAN on Wednesday, December 13. 600 Inter Parfums, Inc. (NASDAQ:IPAR) shares with value of $26,317 were sold by SANTI PHILIPPE.

The stock of Inter Parfums, Inc. (NASDAQ:IPAR) reached all time high today, Mar, 14 and still has $48.18 target or 3.00 % above today’s $46.78 share price. This indicates more upside for the $1.46 billion company. This technical setup was reported by Barchart.com. If the $48.18 PT is reached, the company will be worth $43.77M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.48% or $0.22 during the last trading session, reaching $46.78. About 113,949 shares traded. Inter Parfums, Inc. (NASDAQ:IPAR) has risen 22.23% since March 14, 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 firm earned “Neutral” rating on Wednesday, November 15 by DA Davidson. The firm earned “Neutral” rating on Monday, January 22 by Citigroup. The firm has “Buy” rating given on Monday, October 16 by KeyBanc Capital Markets. The company was upgraded on Wednesday, January 10 by DA Davidson. Citigroup maintained it with “Buy” rating and $35 target in Monday, May 16 report. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, December 4. As per Thursday, August 11, the company rating was maintained by Citigroup. The company was upgraded on Tuesday, June 28 by Sidoti. The rating was upgraded by B. Riley & Co on Tuesday, July 26 to “Buy”. KeyBanc Capital Markets maintained the stock with “Buy” rating in Tuesday, September 12 report.

More recent Inter Parfums, Inc. (NASDAQ:IPAR) news were published by: Businesswire.com which released: “Inter Parfums, Inc. Reports 2017 Fourth Quarter and Year End Results” on March 13, 2018. Also Businesswire.com published the news titled: “Inter Parfums, Inc. Provides Initial 2018 Guidance” on November 13, 2017. Businesswire.com‘s news article titled: “Inter Parfums, Inc. Schedules 2017 Fourth Quarter Release for Tuesday, March 13” with publication date: March 05, 2018 was also an interesting one.

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 $1.46 billion. The firm operates in two divisions, European Based Operations and United States Based Operations. It has a 35.17 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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