Zacks Investment Research upgraded shares of Perry Ellis International Inc. (NASDAQ:PERY) from a hold rating to a buy rating in a research report report published on Friday. The brokerage currently has $26.00 price objective on the textile maker’s stock.

According to Zacks, “Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men’s and women’s apparel, accessories, and fragrances. The company’s collection of dress and casual shirts, golf sportswear, sweaters, dress and casual pants and shorts, jeans wear, active wear and men’s and women’s swimwear is available through all major levels of retail distribution. The company, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands including Perry Ellis, Jantzen, Cubavera, Munsingwear, Savane, Original Penguin, Grand Slam, Natural Issue, Pro Player, the Havanera Co., Axis, Tricots St. Raphael, Gotcha, Girl Star and MCD. The company enhances its roster of brands by licensing trademarks from third parties including Dockers for outerwear, Nike and JAG for swimwear, and PING and PGA TOUR for golf apparel. “

Other equities analysts also recently issued research reports about the stock. KeyCorp reaffirmed a hold rating on shares of Perry Ellis International in a report on Thursday, August 24th. FBR & Co reaffirmed an outperform rating and set a $25.00 price target on shares of Perry Ellis International in a report on Tuesday, July 11th. BidaskClub downgraded shares of Perry Ellis International from a hold rating to a sell rating in a report on Friday, August 18th. ValuEngine downgraded shares of Perry Ellis International from a buy rating to a hold rating in a report on Friday, June 2nd. Finally, TheStreet downgraded shares of Perry Ellis International from a b- rating to a c+ rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $28.25.

Perry Ellis International (NASDAQ:PERY) traded up 0.04% during mid-day trading on Friday, reaching $22.34. 176,253 shares of the company were exchanged. The stock has a market capitalization of $336.75 million, a price-to-earnings ratio of 19.56 and a beta of 0.65. The stock has a 50 day moving average of $20.14 and a 200-day moving average of $20.17. Perry Ellis International has a one year low of $16.35 and a one year high of $29.00.

Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings results on Thursday, August 24th. The textile maker reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. Perry Ellis International had a net margin of 2.08% and a return on equity of 9.05%. The business had revenue of $206.60 million for the quarter, compared to the consensus estimate of $204.97 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts expect that Perry Ellis International will post $2.15 earnings per share for the current fiscal year.

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In other news, insider Stanley P. Silverstein sold 13,507 shares of Perry Ellis International stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $22.11, for a total transaction of $298,639.77. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 22.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Perry Ellis International by 2.1% during the second quarter. Vanguard Group Inc. now owns 678,254 shares of the textile maker’s stock valued at $13,199,000 after buying an additional 14,127 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Perry Ellis International by 3.9% during the second quarter. JPMorgan Chase & Co. now owns 414,355 shares of the textile maker’s stock valued at $8,064,000 after buying an additional 15,555 shares during the last quarter. Northern Trust Corp raised its position in shares of Perry Ellis International by 1.8% during the second quarter. Northern Trust Corp now owns 366,702 shares of the textile maker’s stock valued at $7,137,000 after buying an additional 6,643 shares during the last quarter. State Street Corp raised its position in shares of Perry Ellis International by 5.3% during the second quarter. State Street Corp now owns 280,040 shares of the textile maker’s stock valued at $5,448,000 after buying an additional 13,982 shares during the last quarter. Finally, ClariVest Asset Management LLC raised its position in shares of Perry Ellis International by 19.4% during the second quarter. ClariVest Asset Management LLC now owns 264,941 shares of the textile maker’s stock valued at $5,156,000 after buying an additional 43,000 shares during the last quarter. Hedge funds and other institutional investors own 70.95% 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.

Analyst Recommendations for Perry Ellis International (NASDAQ:PERY)

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