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Interparfums (IPAR) director Harrison sells $53,584 in stock

Published 25/06/2025, 22:40
Interparfums (IPAR) director Harrison sells $53,584 in stock
IPAR
-1.89%

Director Gilbert Harrison of Interparfums INC (NASDAQ:IPAR), a $4.28 billion market cap fragrance company, sold 400 shares of common stock on June 23, 2025, at a price of $133.96, totaling $53,584. Following the transaction, Harrison directly owns 1,550 shares of the company. According to InvestingPro data, IPAR maintains strong financial health with a perfect Piotroski Score of 9, indicating robust operational efficiency.

Harrison also holds options to purchase Interparfums INC common stock. These options are exercisable at various dates and prices, with expiration dates in 2028, 2029 and 2030. The company has demonstrated strong shareholder returns with a 2.39% dividend yield and has maintained dividend payments for 24 consecutive years. InvestingPro subscribers can access 10+ additional exclusive insights about IPAR’s financial performance and growth prospects through the comprehensive Pro Research Report.

In other recent news, Inter Parfums (EPA:IPAR) reported impressive financial results for the first quarter of 2025, exceeding analyst expectations. The company achieved earnings per share (EPS) of $1.32, surpassing the forecasted $1.12, and generated revenue of $339 million, which was higher than the anticipated $329.21 million. Additionally, Inter Parfums reaffirmed its full-year guidance with net sales projected at $1.51 billion and an EPS of $5.35. Piper Sandler maintained an Overweight rating on Inter Parfums’ stock, with a price target of $143, emphasizing the company’s strategic focus on brand reinvestment and new product introductions. Piper Sandler analysts expressed optimism about the company’s financial health, noting limited risk to margins or cash flow. The firm’s confidence is supported by recent market data and the company’s financial strategies. These developments highlight Inter Parfums’ strong market presence and potential for continued growth.

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