Legal & General Group Plc raised its stake in Perry Ellis International Inc. (NASDAQ:PERY) by 14.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,675 shares of the textile maker’s stock after buying an additional 2,848 shares during the quarter. Legal & General Group Plc owned about 0.15% of Perry Ellis International worth $441,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PERY. JPMorgan Chase & Co. lifted its position in Perry Ellis International by 62.6% in the first quarter. JPMorgan Chase & Co. now owns 398,800 shares of the textile maker’s stock valued at $8,566,000 after buying an additional 153,525 shares during the last quarter. Vanguard Group Inc. lifted its position in Perry Ellis International by 12.8% in the first quarter. Vanguard Group Inc. now owns 664,127 shares of the textile maker’s stock valued at $14,266,000 after buying an additional 75,397 shares during the last quarter. Prudential Financial Inc. lifted its position in Perry Ellis International by 169.3% in the first quarter. Prudential Financial Inc. now owns 116,685 shares of the textile maker’s stock valued at $2,506,000 after buying an additional 73,360 shares during the last quarter. ClariVest Asset Management LLC lifted its position in Perry Ellis International by 19.4% in 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. Finally, Alliancebernstein L.P. lifted its position in Perry Ellis International by 38.2% in the first quarter. Alliancebernstein L.P. now owns 120,880 shares of the textile maker’s stock valued at $2,597,000 after buying an additional 33,420 shares during the last quarter. 70.95% of the stock is currently owned by institutional investors.

Shares of Perry Ellis International Inc. (PERY) opened at 23.11 on Friday. The stock’s 50 day moving average is $21.86 and its 200 day moving average is $20.16. Perry Ellis International Inc. has a 12 month low of $16.35 and a 12 month high of $29.00. The firm has a market cap of $348.36 million, a PE ratio of 20.24 and a beta of 0.65.

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

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In related news, insider Luis S. Paez sold 3,812 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $21.55, for a total transaction of $82,148.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stanley P. Silverstein sold 13,507 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was 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. 22.20% of the stock is currently owned by insiders.

A number of research analysts have commented on PERY shares. FBR & Co set a $25.00 target price on shares of Perry Ellis International and gave the company a “buy” rating in a research report on Monday, August 21st. Zacks Investment Research raised shares of Perry Ellis International from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, September 1st. TheStreet cut shares of Perry Ellis International from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Perry Ellis International in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $28.25.

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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Institutional Ownership by Quarter for Perry Ellis International (NASDAQ:PERY)

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