Inter Parfums, Inc. (NASDAQ:IPAR) Shares Acquired by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. grew its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 253,443 shares of the company’s stock after purchasing an additional 1,023 shares during the period. Bahl & Gaynor Inc. owned about 0.79% of Inter Parfums worth $29,407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of IPAR. Victory Capital Management Inc. boosted its stake in Inter Parfums by 0.7% in the 4th quarter. Victory Capital Management Inc. now owns 11,393 shares of the company’s stock worth $1,641,000 after purchasing an additional 81 shares during the period. Comerica Bank boosted its position in shares of Inter Parfums by 0.7% in the fourth quarter. Comerica Bank now owns 11,360 shares of the company’s stock worth $1,636,000 after buying an additional 83 shares during the period. CWM LLC grew its holdings in shares of Inter Parfums by 44.4% during the second quarter. CWM LLC now owns 286 shares of the company’s stock valued at $33,000 after buying an additional 88 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Inter Parfums by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company’s stock valued at $390,000 after buying an additional 92 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in Inter Parfums by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company’s stock valued at $1,044,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 55.57% of the company’s stock.

Insider Activity at Inter Parfums

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $125.96, for a total value of $188,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 43.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IPAR. Piper Sandler reaffirmed an “overweight” rating and issued a $151.00 price target (up from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Jefferies Financial Group upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Friday, July 12th. DA Davidson restated a “buy” rating and issued a $192.00 price objective on shares of Inter Parfums in a report on Wednesday, August 7th. Finally, BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $163.75.

Inter Parfums Stock Down 2.1 %

Shares of IPAR stock opened at $114.88 on Wednesday. The stock has a 50 day moving average of $126.46 and a 200-day moving average of $126.58. The firm has a market cap of $3.68 billion, a PE ratio of 26.47 and a beta of 1.16. The company has a quick ratio of 1.27, a current ratio of 2.58 and a debt-to-equity ratio of 0.12. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $156.75.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The firm had revenue of $342.00 million during the quarter, compared to the consensus estimate of $342.00 million. During the same period in the prior year, the firm earned $1.09 EPS. The business’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts predict that Inter Parfums, Inc. will post 5.15 EPS for the current year.

About Inter Parfums

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.