Bahl & Gaynor Inc. Buys 52,802 Shares of Interparfums, Inc. $IPAR

Bahl & Gaynor Inc. increased its holdings in Interparfums, Inc. (NASDAQ:IPAR) by 16.4% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 374,647 shares of the company’s stock after buying an additional 52,802 shares during the quarter. Bahl & Gaynor Inc. owned about 1.17% of Interparfums worth $42,661,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IPAR. Mariner LLC increased its holdings in Interparfums by 10.3% in the 4th quarter. Mariner LLC now owns 5,187 shares of the company’s stock worth $682,000 after buying an additional 483 shares in the last quarter. Guggenheim Capital LLC bought a new stake in Interparfums in the 4th quarter worth about $252,000. Marshall Wace LLP increased its holdings in Interparfums by 85.4% in the 4th quarter. Marshall Wace LLP now owns 14,689 shares of the company’s stock worth $1,932,000 after buying an additional 6,766 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Interparfums by 100.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 800 shares of the company’s stock worth $105,000 after buying an additional 400 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Interparfums by 19.3% in the 4th quarter. First Trust Advisors LP now owns 7,179 shares of the company’s stock worth $944,000 after buying an additional 1,161 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Interparfums news, Director Gilbert Harrison sold 400 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $133.96, for a total transaction of $53,584.00. Following the sale, the director owned 1,550 shares in the company, valued at approximately $207,638. This trade represents a 20.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Philippe Santi sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $139.23, for a total transaction of $139,230.00. The disclosure for this sale can be found here. 43.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a “buy” rating and issued a $172.00 price objective on shares of Interparfums in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $162.00.

Interparfums Trading Up 4.0%

Interparfums stock opened at $116.15 on Friday. The business has a 50-day simple moving average of $126.73 and a two-hundred day simple moving average of $124.92. The company has a market cap of $3.73 billion, a P/E ratio of 23.28 and a beta of 1.43. Interparfums, Inc. has a 52-week low of $97.65 and a 52-week high of $148.15. The company has a quick ratio of 1.69, a current ratio of 2.96 and a debt-to-equity ratio of 0.14.

Interparfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.11). The firm had revenue of $333.94 million for the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 earnings per share. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. Analysts predict that Interparfums, Inc. will post 5.14 EPS for the current year.

About Interparfums

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.