Frederic Garcia Pelayo, Executive Vice President and COO of Interparfums SA, executed a series of transactions involving Interparfums Inc. (NASDAQ:IPAR) shares on November 22, 2024. According to a recent SEC filing, Garcia Pelayo sold 4,000 shares of common stock, generating a total of $532,140. The shares were sold at prices ranging from $133.035 to $133.04 per share.
In addition to the sales, Garcia Pelayo also exercised options to acquire 4,000 shares at prices between $65.25 and $73.09, totaling $276,680. Following these transactions, Garcia Pelayo no longer holds any shares directly.
"In other recent news, Inter Parfums (NASDAQ:IPAR) has demonstrated robust growth in Q3 2024, achieving record sales increases across all markets. This growth was particularly notable in the Travel Retail segment. Despite foreign exchange losses impacting net income, the company maintained a steady gross margin and improved its operating margin to 25% in Q3. Piper Sandler has reiterated an Overweight rating for Inter Parfums, spotlighting the company as an attractive choice for consumer investors. Furthermore, Inter Parfums is preparing to introduce its guidance for the year 2025. The company also anticipates record earnings per diluted share of $5.15 for 2024, as reaffirmed in its 2024 guidance. These recent developments indicate a strong performance by Inter Parfums, despite challenges, and reflect its commitment to growth and shareholder returns."
InvestingPro Insights
The recent insider transactions by Frederic Garcia Pelayo at Interparfums Inc. (NASDAQ:IPAR) come at a time when the company's stock is showing strong performance. According to InvestingPro data, IPAR has seen a significant return of 10.67% over the last week and 13.71% over the last month, indicating positive momentum in the short term.
Interparfums Inc. boasts impressive financial metrics that may be of interest to investors. The company's gross profit margin stands at a robust 55.81%, reflecting its ability to maintain pricing power in the competitive fragrance market. This aligns with one of the InvestingPro Tips, which highlights IPAR's "impressive gross profit margins."
Additionally, IPAR has demonstrated a commitment to shareholder returns. The company has maintained dividend payments for 23 consecutive years and has raised its dividend for 4 consecutive years, as noted in the InvestingPro Tips. With a current dividend yield of 2.17% and a dividend growth rate of 20% over the last twelve months, IPAR appears to be rewarding its long-term investors.
While Garcia Pelayo's sale of shares might raise questions, it's worth noting that IPAR operates with a moderate level of debt and its cash flows can sufficiently cover interest payments, according to InvestingPro Tips. This financial stability could provide some reassurance to investors considering the stock's current valuation, which includes a P/E ratio of 29.14.
For those seeking a more comprehensive analysis, InvestingPro offers 13 additional tips for IPAR, providing deeper insights into the company's financial health and market position.
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