Wells Fargo & Company MN lifted its stake in Perry Ellis International Inc. (NASDAQ:PERY) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,282 shares of the textile maker’s stock after buying an additional 359 shares during the period. Wells Fargo & Company MN owned about 0.07% of Perry Ellis International worth $200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Perry Ellis International by 12.8% in the 1st quarter. Vanguard Group Inc. now owns 664,127 shares of the textile maker’s stock worth $14,266,000 after buying an additional 75,397 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Perry Ellis International by 3.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 414,355 shares of the textile maker’s stock worth $8,064,000 after buying an additional 15,555 shares in the last quarter. ClariVest Asset Management LLC raised its holdings in shares of Perry Ellis International by 19.4% in the 2nd quarter. ClariVest Asset Management LLC now owns 264,941 shares of the textile maker’s stock worth $5,156,000 after buying an additional 43,000 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Perry Ellis International by 2.9% in the 2nd quarter. American Century Companies Inc. now owns 228,635 shares of the textile maker’s stock worth $4,449,000 after buying an additional 6,399 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Perry Ellis International by 14.4% in the 2nd quarter. Prudential Financial Inc. now owns 133,533 shares of the textile maker’s stock worth $2,599,000 after buying an additional 16,848 shares in the last quarter. 71.76% of the stock is owned by institutional investors and hedge funds.

WARNING: This piece was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece can be read at https://www.thecerbatgem.com/2017/11/23/wells-fargo-company-mn-buys-359-shares-of-perry-ellis-international-inc-pery.html.

In other Perry Ellis International news, insider Stanley P. Silverstein sold 13,507 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total value of $298,639.77. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Luis S. Paez sold 3,812 shares of the stock in a transaction on Thursday, September 21st. The shares were 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. 22.20% of the stock is currently owned by company insiders.

Shares of Perry Ellis International Inc. (NASDAQ:PERY) opened at $24.77 on Thursday. The company has a market capitalization of $389.36, a P/E ratio of 13.18 and a beta of 0.60. Perry Ellis International Inc. has a 12-month low of $16.35 and a 12-month high of $29.00. The company has a current ratio of 3.17, a quick ratio of 1.88 and a debt-to-equity ratio of 0.25.

Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings data on Thursday, August 24th. The textile maker reported $0.16 EPS for the quarter, beating the Zacks’ 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%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. analysts anticipate that Perry Ellis International Inc. will post 2.14 earnings per share for the current year.

PERY has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Perry Ellis International from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Thursday, September 28th. TheStreet lowered Perry Ellis International from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. KeyCorp restated a “hold” rating on shares of Perry Ellis International in a research report on Tuesday, October 31st. Finally, FBR & Co set a $27.00 price target on Perry Ellis International and gave the stock a “buy” rating in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.33.

Perry Ellis International 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.

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

Receive News & Stock Ratings for Perry Ellis International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perry Ellis International Inc. and related stocks with our FREE daily email newsletter.