Equities Analysts Offer Predictions for Perry Ellis International Inc.’s Q1 2018 Earnings (PERY)
Perry Ellis International Inc. (NASDAQ:PERY) – KeyCorp raised their Q1 2018 earnings per share (EPS) estimates for Perry Ellis International in a research note issued to investors on Friday. KeyCorp analyst E. Yruma now anticipates that the brokerage will post earnings per share of $1.12 for the quarter, up from their prior forecast of $1.08. KeyCorp also issued estimates for Perry Ellis International’s Q2 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.69 EPS and FY2018 earnings at $2.24 EPS.
PERY has been the subject of several other research reports. Brean Capital increased their price target on Perry Ellis International to $27.00 and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research cut Perry Ellis International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 19th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $26.00 target price on shares of Perry Ellis International in a research note on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $27.00.
Perry Ellis International (NASDAQ:PERY) opened at 23.90 on Monday. The company’s market cap is $357.38 million. The stock’s 50 day moving average price is $19.38 and its 200 day moving average price is $19.80. Perry Ellis International has a 12-month low of $15.73 and a 12-month high of $24.62.
Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings data on Thursday, November 17th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.08. Perry Ellis International had a positive return on equity of 8.73% and a negative net margin of 1.40%. The business had revenue of $194 million for the quarter, compared to analysts’ expectations of $194.67 million. During the same quarter in the previous year, the business posted $0.16 EPS. Perry Ellis International’s revenue for the quarter was down 5.6% on a year-over-year basis.
In other news, insider Stanley P. Silverstein sold 10,942 shares of Perry Ellis International stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $19.61, for a total value of $214,572.62. Following the completion of the transaction, the insider now directly owns 74,960 shares in the company, valued at $1,469,965.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 22.20% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Panagora Asset Management Inc. raised its stake in Perry Ellis International by 1.6% in the third quarter. Panagora Asset Management Inc. now owns 182,269 shares of the company’s stock valued at $3,514,000 after buying an additional 2,838 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in Perry Ellis International during the third quarter valued at about $341,000. The Manufacturers Life Insurance Company acquired a new stake in Perry Ellis International during the third quarter valued at about $186,000. Two Sigma Advisers LP raised its stake in Perry Ellis International by 4.6% in the third quarter. Two Sigma Advisers LP now owns 63,746 shares of the company’s stock valued at $1,229,000 after buying an additional 2,800 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its stake in Perry Ellis International by 21.0% in the third quarter. Eagle Global Advisors LLC now owns 30,570 shares of the company’s stock valued at $589,000 after buying an additional 5,300 shares in the last quarter. Institutional investors own 69.81% of the company’s stock.
About Perry Ellis International
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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