Perry Ellis International Inc. (NASDAQ:PERY) has been given a $27.00 target price by FBR & Co in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the textile maker’s stock. FBR & Co’s price objective would suggest a potential upside of 20.48% from the company’s current price.

PERY has been the topic of several other research reports. Zacks Investment Research lowered Perry Ellis International from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub lowered Perry Ellis International from a “hold” rating to a “sell” rating in a report on Friday, August 18th. TheStreet lowered Perry Ellis International from a “b-” rating to a “c+” rating in a report on Friday, August 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Perry Ellis International in a 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. Perry Ellis International has an average rating of “Buy” and a consensus price target of $28.75.

Shares of Perry Ellis International (PERY) opened at 22.35 on Tuesday. Perry Ellis International has a 12 month low of $16.35 and a 12 month high of $29.00. The firm’s 50-day moving average price is $22.57 and its 200-day moving average price is $20.21. The firm has a market cap of $336.90 million, a PE ratio of 19.57 and a beta of 0.65.

Perry Ellis International (NASDAQ:PERY) last posted its earnings results on Thursday, August 24th. The textile maker reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06. The firm had revenue of $206.60 million for the quarter, compared to analyst estimates of $204.97 million. Perry Ellis International had a return on equity of 9.05% and a net margin of 2.08%. Perry Ellis International’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. Analysts expect that Perry Ellis International will post $2.15 earnings per share for the current year.

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In other Perry Ellis International news, insider Stanley P. Silverstein sold 13,507 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total transaction of $298,639.77. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. Company insiders own 22.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Perry Ellis International by 12.3% during the second quarter. The Manufacturers Life Insurance Company now owns 11,504 shares of the textile maker’s stock worth $224,000 after buying an additional 1,263 shares during the last quarter. State Street Corp grew its holdings 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 worth $5,448,000 after buying an additional 13,982 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Perry Ellis International by 4.0% during the second quarter. Voya Investment Management LLC now owns 33,823 shares of the textile maker’s stock worth $658,000 after buying an additional 1,306 shares during the last quarter. OxFORD Asset Management LLP grew its holdings in shares of Perry Ellis International by 5.4% during the second quarter. OxFORD Asset Management LLP now owns 69,588 shares of the textile maker’s stock worth $1,354,000 after buying an additional 3,553 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Perry Ellis International by 88.3% during the second quarter. Citadel Advisors LLC now owns 34,137 shares of the textile maker’s stock worth $664,000 after buying an additional 16,012 shares during the last quarter. 71.07% 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.

Analyst Recommendations for Perry Ellis International (NASDAQ:PERY)

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