Inter Parfums, Inc. (IPAR) Reaches $48.90 High on Mar, 16; Taurus Asset Management Boosted Nike (NKE) Position

March 16, 2018 - By Richard Conner

The stock of Inter Parfums, Inc. (NASDAQ:IPAR) reached all time high today, Mar, 16 and still has $52.81 target or 8.00% above today’s $48.90 share price. This indicates more upside for the $1.53 billion company. This technical setup was reported by If the $52.81 PT is reached, the company will be worth $122.00M more. The stock increased 0.82% or $0.4 during the last trading session, reaching $48.9. About 45,020 shares traded. Inter Parfums, Inc. (NASDAQ:IPAR) has risen 22.23% since March 16, 2017 and is uptrending. It has outperformed by 5.53% the S&P500.

Taurus Asset Management Llc increased Nike Inc (NKE) stake by 11.68% reported in 2017Q3 SEC filing. Taurus Asset Management Llc acquired 33,405 shares as Nike Inc (NKE)’s stock declined 8.78%. The Taurus Asset Management Llc holds 319,482 shares with $16.57M value, up from 286,077 last quarter. Nike Inc now has $108.00 billion valuation. The stock decreased 0.02% or $0.01 during the last trading session, reaching $66.38. About 5.22M shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since March 16, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.30, from 1.38 in 2017Q2. It fall, 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. Strs Ohio has 0% invested in Inter Parfums, Inc. (NASDAQ:IPAR) for 19,300 shares. Fortaleza Asset Management Inc invested in 0.36% or 4,765 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Inter Parfums, Inc. (NASDAQ:IPAR). Pnc Financial Group owns 4,846 shares or 0% of their US portfolio. Swiss State Bank holds 0% or 29,700 shares in its portfolio. Voya Mgmt Ltd Llc has invested 0% in Inter Parfums, Inc. (NASDAQ:IPAR). Retail Bank Of America De has 0% invested in Inter Parfums, Inc. (NASDAQ:IPAR). Missouri-based Parkside Fincl Bank has invested 0% in Inter Parfums, Inc. (NASDAQ:IPAR). Morgan Stanley holds 0% or 103,850 shares in its portfolio. Congress Asset Management Com Ma has invested 0.05% in Inter Parfums, Inc. (NASDAQ:IPAR). Granite Prtn Ltd Liability holds 0.79% of its portfolio in Inter Parfums, Inc. (NASDAQ:IPAR) for 309,879 shares. Kbc Grp Nv stated it has 22,794 shares. C M Bidwell & Assocs Ltd invested in 0.25% or 3,915 shares. 1,783 were reported by Envestnet Asset Management. Balyasny Asset Mngmt Limited Liability holds 0% or 7,410 shares.

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 $1.53 billion. The firm operates in two divisions, European Based Operations and United States Based Operations. It has a 36.77 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.

Among 7 analysts covering Inter Parfums (NASDAQ:IPAR), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Inter Parfums has $56.0 highest and $33 lowest target. $45.33’s average target is -7.30% below currents $48.9 stock price. Inter Parfums had 21 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was initiated by KeyBanc Capital Markets with “Overweight” on Friday, December 4. The rating was downgraded by Sidoti to “Neutral” on Tuesday, March 22. The rating was maintained by Citigroup on Monday, May 16 with “Buy”. The rating was upgraded by B. Riley & Co to “Buy” on Tuesday, July 26. KeyBanc Capital Markets maintained the stock with “Buy” rating in Tuesday, September 12 report. The firm earned “Sector Weight” rating on Tuesday, January 23 by KeyBanc Capital Markets. The firm has “Buy” rating given on Tuesday, June 28 by Sidoti. The firm has “Buy” rating given on Wednesday, January 10 by DA Davidson. Citigroup maintained Inter Parfums, Inc. (NASDAQ:IPAR) rating on Thursday, August 11. Citigroup has “Buy” rating and $40 target. The firm earned “Neutral” rating on Tuesday, April 19 by B. Riley & Co.

Since October 2, 2017, it had 0 insider buys, and 8 selling transactions for $2.04 million activity. GREENBERG RUSSELL sold 7,595 shares worth $361,459. The insider SANTI PHILIPPE sold $26,317. 750 shares were sold by Choel Patrick, worth $31,191. 8,200 shares were sold by MADAR JEAN, worth $360,785 on Wednesday, December 13. $54,120 worth of stock was sold by GARCIA PELAYO FREDERIC on Friday, December 15. BENACIN PHILIPPE had sold 19,000 shares worth $835,520 on Wednesday, December 13. $252,556 worth of Inter Parfums, Inc. (NASDAQ:IPAR) was sold by BENSOUSSAN TORRES ROBERT on Tuesday, October 10.

Investors sentiment decreased to 0.74 in 2017 Q3. Its down 0.06, from 0.8 in 2017Q2. It is negative, as 87 investors sold NKE shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported. Ferguson Wellman Capital Mngmt has invested 0.11% in NIKE, Inc. (NYSE:NKE). United Kingdom-based Investec Asset Mgmt has invested 0.05% in NIKE, Inc. (NYSE:NKE). Zurcher Kantonalbank (Zurich Cantonalbank) reported 314,786 shares. First Manhattan invested in 0.05% or 158,546 shares. Aviva Public Limited Liability Co, United Kingdom-based fund reported 1.14M shares. Bank & Trust Of Ny Mellon Corp holds 0.39% of its portfolio in NIKE, Inc. (NYSE:NKE) for 27.62 million shares. Compton Management Ri reported 1.88% in NIKE, Inc. (NYSE:NKE). Tocqueville Asset Mgmt Lp invested 0.01% in NIKE, Inc. (NYSE:NKE). Winch Advisory Services Ltd invested in 766 shares or 0.03% of the stock. 36,824 were accumulated by Roundview Cap. Magellan Asset Limited has 313 shares for 0% of their portfolio. Mcf Advisors Limited Liability Com reported 0.04% in NIKE, Inc. (NYSE:NKE). Adage Partners Grp Ltd Limited Liability Company reported 459,566 shares. Chesley Taft And Assocs Ltd Co accumulated 0.24% or 54,456 shares. Glenview Management Ltd Liability accumulated 2.09M shares.

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