Bahl & Gaynor Inc. Acquires 1,023 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Bahl & Gaynor Inc. raised its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 0.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 253,443 shares of the company’s stock after acquiring an additional 1,023 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Inter Parfums were worth $29,407,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IPAR. Victory Capital Management Inc. grew its position in Inter Parfums by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 11,393 shares of the company’s stock worth $1,641,000 after acquiring an additional 81 shares during the last quarter. Comerica Bank grew its holdings in Inter Parfums by 0.7% during the 4th quarter. Comerica Bank now owns 11,360 shares of the company’s stock worth $1,636,000 after acquiring an additional 83 shares during the last quarter. CWM LLC increased its position in Inter Parfums by 44.4% in the 2nd quarter. CWM LLC now owns 286 shares of the company’s stock valued at $33,000 after acquiring an additional 88 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Inter Parfums by 2.8% in the second quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company’s stock worth $390,000 after acquiring an additional 92 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of 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 purchasing an additional 100 shares during the last quarter. 55.57% of the stock is owned by institutional investors.

Insider Activity at Inter Parfums

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of Inter Parfums stock in a transaction on Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 43.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Inter Parfums Stock Performance

IPAR stock opened at $114.88 on Wednesday. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $156.75. The company has a quick ratio of 1.27, a current ratio of 2.58 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.68 billion, a P/E ratio of 26.47 and a beta of 1.16. The business’s fifty day moving average is $126.46 and its 200-day moving average is $126.58.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.09. The firm had revenue of $342.00 million for the quarter, compared to analyst estimates of $342.00 million. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Equities research analysts forecast 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.