Perry Ellis International’s (PERY) Neutral Rating Reiterated at KeyCorp
A number of other equities research analysts have also commented on PERY. Zacks Investment Research upgraded shares of Perry Ellis International from a hold rating to a buy rating and set a $26.00 price objective on the stock in a report on Thursday, September 28th. TheStreet lowered shares of Perry Ellis International from a b- rating to a c+ rating in a research note on Friday, August 18th. Finally, FBR & Co set a $25.00 target price on shares of Perry Ellis International and gave the stock a buy rating in a research note on Monday, August 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $28.25.
Perry Ellis International (NASDAQ:PERY) opened at 23.93 on Friday. The firm has a 50-day moving average price of $21.26 and a 200-day moving average price of $20.12. Perry Ellis International has a 52 week low of $16.35 and a 52 week high of $29.00. The stock has a market cap of $376.01 million, a P/E ratio of 20.99 and a beta of 0.64.
Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings results on Thursday, August 24th. The textile maker reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The company had revenue of $206.60 million during the quarter, compared to analysts’ expectations of $204.97 million. Perry Ellis International had a net margin of 2.08% and a return on equity of 9.05%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 earnings per share. On average, equities research analysts predict that Perry Ellis International will post $2.15 EPS for the current year.
In other news, insider Luis S. Paez sold 3,812 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $21.55, for a total value of $82,148.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stanley P. Silverstein sold 13,507 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $22.11, for a total value of $298,639.77. The disclosure for this sale can be found here. 20.20% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in PERY. Vanguard Group Inc. raised its holdings in Perry Ellis International by 2.1% during the second quarter. Vanguard Group Inc. now owns 678,254 shares of the textile maker’s stock worth $13,199,000 after acquiring an additional 14,127 shares in the last quarter. JPMorgan Chase & Co. boosted its position in 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 purchasing an additional 15,555 shares during the last quarter. Northern Trust Corp boosted its position in 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 purchasing an additional 6,643 shares during the last quarter. State Street Corp boosted its position in 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 purchasing an additional 13,982 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its position in 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 purchasing an additional 43,000 shares during the last quarter. 70.95% of the stock is currently owned by institutional investors and hedge funds.
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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