Segall Bryant & Hamill LLC Has $4.54 Million Position in Interparfums, Inc. (NASDAQ:IPAR)

Segall Bryant & Hamill LLC decreased its holdings in shares of Interparfums, Inc. (NASDAQ:IPAR - Free Report) by 6.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,903 shares of the company's stock after selling 2,840 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.12% of Interparfums worth $4,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in IPAR. HighTower Advisors LLC raised its stake in shares of Interparfums by 15.2% in the 4th quarter. HighTower Advisors LLC now owns 3,418 shares of the company's stock valued at $450,000 after purchasing an additional 452 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Interparfums by 7.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company's stock valued at $239,000 after purchasing an additional 124 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of Interparfums in the 4th quarter valued at about $224,000. Intech Investment Management LLC raised its stake in shares of Interparfums by 122.2% in the 4th quarter. Intech Investment Management LLC now owns 16,617 shares of the company's stock valued at $2,185,000 after purchasing an additional 9,138 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Interparfums by 23.3% in the 4th quarter. American Century Companies Inc. now owns 453,993 shares of the company's stock valued at $59,705,000 after purchasing an additional 85,871 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on IPAR shares. DA Davidson restated a "buy" rating and issued a $170.00 target price on shares of Interparfums in a research report on Tuesday, March 25th. Piper Sandler restated an "overweight" rating and issued a $138.00 target price (down previously from $169.00) on shares of Interparfums in a research report on Thursday, April 24th. Finally, BWS Financial restated a "buy" rating and issued a $172.00 target price on shares of Interparfums in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Interparfums presently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

Insider Activity at Interparfums

In other Interparfums news, Director Gilbert Harrison sold 400 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $133.96, for a total value of $53,584.00. Following the sale, the director directly owned 1,550 shares in the company, valued at $207,638. This trade represents a 20.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $122.15, for a total transaction of $183,225.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,900 shares of company stock worth $376,039. 43.90% of the stock is owned by insiders.

Interparfums Stock Up 2.7%

IPAR stock traded up $3.55 during midday trading on Tuesday, reaching $132.65. The company had a trading volume of 199,001 shares, compared to its average volume of 192,055. Interparfums, Inc. has a 1 year low of $97.65 and a 1 year high of $148.15. The company has a current ratio of 2.97, a quick ratio of 1.68 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $4.26 billion, a P/E ratio of 25.81 and a beta of 1.36. The company has a 50 day moving average of $133.82 and a two-hundred day moving average of $127.85.

Interparfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.13 by $0.19. Interparfums had a net margin of 11.30% and a return on equity of 17.62%. The company had revenue of $339.00 million for the quarter, compared to analyst estimates of $329.21 million. During the same quarter in the prior year, the business posted $1.27 EPS. Interparfums's quarterly revenue was up 4.6% on a year-over-year basis. On average, equities research analysts expect that Interparfums, Inc. will post 5.14 earnings per share for the current fiscal year.

Interparfums Profile

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.