Perry Ellis International Inc. (NASDAQ:PERY) had its price objective lifted by equities researchers at Brean Capital to $27.00 in a note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Brean Capital’s target price points to a potential upside of 11.57% from the stock’s current price.

PERY has been the topic of a number of other reports. Zacks Investment Research cut shares of Perry Ellis International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 19th. Deutsche Bank AG restated a “hold” rating and set a $26.00 price target on shares of Perry Ellis International in a research note on Thursday, August 18th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $28.75.

Shares of Perry Ellis International (NASDAQ:PERY) opened at 24.20 on Friday. The company’s market cap is $361.86 million. The firm’s 50 day moving average is $19.64 and its 200-day moving average is $19.88. Perry Ellis International has a 1-year low of $15.73 and a 1-year high of $24.83.

Perry Ellis International (NASDAQ:PERY) last released its earnings results on Thursday, November 17th. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.08. The firm had revenue of $194 million for the quarter, compared to analysts’ expectations of $194.67 million. Perry Ellis International had a negative net margin of 1.40% and a positive return on equity of 8.73%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 earnings per share. Equities analysts expect that Perry Ellis International will post $1.98 earnings per share for the current year.

In other Perry Ellis International news, insider Stanley P. Silverstein sold 10,942 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $19.61, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.20% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of PERY. American International Group Inc. raised its position in shares of Perry Ellis International by 0.5% in the second quarter. American International Group Inc. now owns 9,201 shares of the company’s stock worth $185,000 after buying an additional 45 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Perry Ellis International by 0.8% in the third quarter. California State Teachers Retirement System now owns 26,545 shares of the company’s stock worth $512,000 after buying an additional 200 shares during the last quarter. Engine Capital Management LLC raised its position in shares of Perry Ellis International by 1.0% in the second quarter. Engine Capital Management LLC now owns 39,107 shares of the company’s stock worth $787,000 after buying an additional 390 shares during the last quarter. Emerald Acquisition Ltd. raised its position in shares of Perry Ellis International by 2.1% in the third quarter. Emerald Acquisition Ltd. now owns 19,602 shares of the company’s stock worth $378,000 after buying an additional 400 shares during the last quarter. Finally, BlackRock Group LTD raised its position in shares of Perry Ellis International by 2.2% in the third quarter. BlackRock Group LTD now owns 26,977 shares of the company’s stock worth $520,000 after buying an additional 590 shares during the last quarter. 69.81% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:PERY

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