Bahl & Gaynor Inc. Buys 50,247 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Bahl & Gaynor Inc. lifted its position in Inter Parfums, Inc. (NASDAQ:IPAR) by 18.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 321,845 shares of the company’s stock after purchasing an additional 50,247 shares during the quarter. Bahl & Gaynor Inc. owned about 1.00% of Inter Parfums worth $42,326,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its stake in Inter Parfums by 5,393.6% during the third quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock worth $47,075,000 after acquiring an additional 356,949 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Inter Parfums by 44.2% in the 3rd quarter. Wellington Management Group LLP now owns 323,863 shares of the company’s stock worth $41,934,000 after purchasing an additional 99,316 shares during the period. Bank of New York Mellon Corp increased its position in shares of Inter Parfums by 17.2% during the 4th quarter. Bank of New York Mellon Corp now owns 291,575 shares of the company’s stock valued at $38,345,000 after purchasing an additional 42,692 shares during the last quarter. Annex Advisory Services LLC raised its stake in shares of Inter Parfums by 36.5% in the fourth quarter. Annex Advisory Services LLC now owns 118,390 shares of the company’s stock valued at $15,569,000 after acquiring an additional 31,654 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Inter Parfums by 293.0% in the 3rd quarter. Barclays PLC now owns 34,689 shares of the company’s stock worth $4,492,000 after acquiring an additional 25,862 shares during the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Inter Parfums Trading Down 2.8 %

Shares of NASDAQ IPAR opened at $135.05 on Tuesday. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $148.15. The business has a fifty day moving average price of $135.89 and a 200 day moving average price of $129.73. The stock has a market capitalization of $4.33 billion, a P/E ratio of 28.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm had revenue of $361.50 million for the quarter, compared to analysts’ expectations of $361.56 million. Equities research analysts expect that Inter Parfums, Inc. will post 5.14 EPS for the current fiscal year.

Inter Parfums Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.37%. This is an increase from Inter Parfums’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, March 14th. Inter Parfums’s payout ratio is 62.87%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IPAR shares. Piper Sandler raised their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. DA Davidson raised their price objective on Inter Parfums from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a report on Monday, January 27th. Finally, Canaccord Genuity Group raised their price target on Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $162.80.

Inter Parfums 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.