Perry Ellis International Inc. (PERY) Issues FY17 Earnings Guidance
Perry Ellis International Inc. (NASDAQ:PERY) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $1.95-2.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.97. The company issued revenue guidance of $885-890 million, compared to the consensus revenue estimate of $886.77 million.
A number of equities analysts recently commented on the stock. Brean Capital reduced their price objective on shares of Perry Ellis International from $26.00 to $25.00 and set a buy rating for the company in a research note on Friday, August 19th. Deutsche Bank AG reaffirmed a hold rating and issued a $26.00 price target on shares of Perry Ellis International in a report on Thursday, August 18th. Finally, Zacks Investment Research raised shares of Perry Ellis International from a hold rating to a buy rating and set a $20.00 price target on the stock in a report on Tuesday, August 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $26.50.
Perry Ellis International Inc. (NASDAQ:PERY) opened at 21.85 on Thursday. Perry Ellis International Inc. has a 12 month low of $15.73 and a 12 month high of $22.71. The firm has a 50 day moving average of $19.23 and a 200-day moving average of $19.77. The firm’s market cap is $338.59 billion.
Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings results on Thursday, November 17th. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.08. Perry Ellis International had a negative net margin of 0.54% and a positive return on equity of 8.31%. The firm had revenue of $194 million for the quarter, compared to analyst estimates of $194.67 million. During the same period last year, the business earned $0.16 EPS. Perry Ellis International’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities research analysts forecast that Perry Ellis International Inc. will post $1.98 earnings per share for the current year.
In related news, insider Stanley P. Silverstein sold 10,942 shares of Perry Ellis International stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $19.61, for a total transaction of $214,572.62. Following the sale, the insider now directly owns 74,960 shares in the company, valued at approximately $1,469,965.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 22.20% of the company’s stock.
Large investors have recently made changes to their positions in the company. BlackRock Fund Advisors raised its stake in shares of Perry Ellis International by 9.5% in the third quarter. BlackRock Fund Advisors now owns 884,439 shares of the company’s stock valued at $17,052,000 after buying an additional 76,742 shares in the last quarter. Morgan Stanley raised its position in shares of Perry Ellis International by 73.2% in the third quarter. Morgan Stanley now owns 129,182 shares of the company’s stock worth $2,491,000 after buying an additional 54,583 shares in the last quarter. Allianz Asset Management AG raised its position in shares of Perry Ellis International by 192.0% in the second quarter. Allianz Asset Management AG now owns 71,530 shares of the company’s stock worth $1,439,000 after buying an additional 47,030 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Perry Ellis International by 12.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 366,168 shares of the company’s stock worth $7,367,000 after buying an additional 39,229 shares in the last quarter. Finally, Alliancebernstein L.P. bought a new position in shares of Perry Ellis International during the second quarter worth about $689,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.
Perry Ellis International Company Profile
Perry Ellis International, Inc is an apparel company. The Company designs, sources, markets and licenses its products nationally and internationally at multiple price points and across all levels of retail distribution. It operates through four segments: Men’s Sportswear and Swim, Women’s Sportswear, Direct-to-Consumer and Licensing.
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