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

Key Points

• Bahl & Gaynor Inc. increased its stake in Interparfums, Inc. by 16.4% during Q1, acquiring an additional 52,802 shares, bringing their total holdings to approximately 374,647 shares valued at $42.66 million.
• Despite a recent decrease in earnings per share to $0.99, Interparfums had revenue of $333.94 million for the quarter, though this fell short of estimates and marked a 2.3% decline compared to the prior year.
• The company currently has a consensus rating of "Buy" from four analysts, with a price target average set at $162.00.

Bahl & Gaynor Inc. boosted its holdings in Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 374,647 shares of the company's stock after purchasing 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 quarter.

Several other hedge funds have also bought and sold shares of the business. AlphaQuest LLC purchased a new position in Interparfums during the 1st quarter worth $189,000. T. Rowe Price Investment Management Inc. boosted its holdings in Interparfums by 0.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,133,046 shares of the company's stock worth $129,020,000 after acquiring an additional 8,318 shares during the last quarter. Northern Trust Corp boosted its holdings in Interparfums by 1.7% during the 1st quarter. Northern Trust Corp now owns 410,738 shares of the company's stock worth $46,771,000 after acquiring an additional 6,824 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its holdings in Interparfums by 55.5% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 1,244 shares of the company's stock worth $141,000 after acquiring an additional 444 shares during the last quarter. Finally, Liontrust Investment Partners LLP purchased a new position in Interparfums during the 1st quarter worth $760,000. Institutional investors and hedge funds own 55.57% of the company's stock.

Insider Transactions at Interparfums

In related news, VP Philippe Santi sold 1,000 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $139.23, for a total value of $139,230.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gilbert Harrison sold 400 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $133.96, for a total value of $53,584.00. Following the completion of the sale, the director owned 1,550 shares in the company, valued at $207,638. This represents a 20.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 43.70% of the company's stock.

Analyst Ratings Changes

Separately, BWS Financial reaffirmed a "buy" rating and set a $172.00 price objective on shares of Interparfums in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Interparfums has a consensus rating of "Buy" and an average target price of $162.00.

Interparfums Stock Performance

Shares of NASDAQ IPAR traded up $0.57 during mid-day trading on Thursday, reaching $116.59. 64,505 shares of the company's stock were exchanged, compared to its average volume of 237,029. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 23.36 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 debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69. The firm has a 50-day moving average price of $125.52 and a two-hundred day moving average price of $124.44.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.11). The business had revenue of $333.94 million for the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a return on equity of 16.45% and a net margin of 11.03%.The company's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous 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.