Perry Ellis International Inc. (PERY) Insider George Feldenkreis Sells 16,407 Shares
Perry Ellis International Inc. (NASDAQ:PERY) insider George Feldenkreis sold 16,407 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $24.20, for a total value of $397,049.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Perry Ellis International Inc. (NASDAQ:PERY) traded down 0.08% during midday trading on Wednesday, hitting $25.68. The stock had a trading volume of 30,704 shares. The company’s market cap is $384.97 million. The company’s 50 day moving average is $19.82 and its 200 day moving average is $19.93. Perry Ellis International Inc. has a 52-week low of $15.73 and a 52-week high of $25.75.
Perry Ellis International (NASDAQ:PERY) last posted its earnings results on Thursday, November 17th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $194 million for the quarter, compared to the consensus estimate of $194.67 million. Perry Ellis International had a positive return on equity of 8.73% and a negative net margin of 1.40%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 earnings per share. On average, analysts anticipate that Perry Ellis International Inc. will post $1.98 earnings per share for the current year.
Several equities analysts recently issued reports on PERY shares. Zacks Investment Research upgraded Perry Ellis International from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Tuesday. Brean Capital lifted their price objective on Perry Ellis International from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, November 18th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $26.00 price objective on shares of Perry Ellis International in a research report on Thursday, August 18th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $28.75.
Several large investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in Perry Ellis International by 48.2% in the third quarter. Wells Fargo & Company MN now owns 5,900 shares of the company’s stock worth $114,000 after buying an additional 1,920 shares in the last quarter. American International Group Inc. increased its stake in 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 in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Perry Ellis International during the third quarter worth approximately $186,000. OMERS ADMINISTRATION Corp purchased a new stake in Perry Ellis International during the second quarter worth approximately $203,000. Finally, Financial Consulate Inc. purchased a new stake in Perry Ellis International during the second quarter worth approximately $214,000. Institutional investors own 69.81% of the company’s stock.
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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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