Perry Ellis International Inc. (NASDAQ:PERY) – Analysts at KeyCorp raised their FY2018 earnings estimates for Perry Ellis International in a research note issued to investors on Thursday. KeyCorp analyst E. Yruma now forecasts that the textile maker will earn $2.18 per share for the year, up from their previous estimate of $2.17. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Perry Ellis International’s Q4 2018 earnings at $0.93 EPS, Q1 2019 earnings at $0.95 EPS, Q2 2019 earnings at $0.22 EPS, Q4 2019 earnings at $0.97 EPS and FY2019 earnings at $2.40 EPS.

Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings data on Thursday, November 30th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. Perry Ellis International had a return on equity of 8.95% and a net margin of 3.05%. The firm had revenue of $198.80 million during the quarter, compared to analysts’ expectations of $199.40 million. During the same period last year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Perry Ellis International from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday, September 22nd. FBR & Co set a $25.00 target price on Perry Ellis International and gave the stock a “buy” rating in a report on Monday, August 21st. B. Riley reaffirmed a “buy” rating on shares of Perry Ellis International in a report on Wednesday, November 1st. Finally, TheStreet lowered Perry Ellis International from a “b-” rating to a “c+” rating in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $29.33.

Perry Ellis International (PERY) opened at $25.44 on Monday. Perry Ellis International has a 12 month low of $16.35 and a 12 month high of $29.00. The stock has a market capitalization of $398.59, a PE ratio of 13.39 and a beta of 0.62. The company has a quick ratio of 2.13, a current ratio of 3.56 and a debt-to-equity ratio of 0.27.

In other Perry Ellis International news, insider Luis S. Paez sold 3,812 shares of the firm’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 value of $82,148.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stanley P. Silverstein sold 13,507 shares of the firm’s stock in a transaction that occurred on 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.

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its holdings in Perry Ellis International by 42.2% in the second quarter. BNP Paribas Arbitrage SA now owns 5,597 shares of the textile maker’s stock valued at $109,000 after purchasing an additional 1,662 shares during the period. Wells Fargo & Company MN grew its holdings in Perry Ellis International by 3.6% in the second quarter. Wells Fargo & Company MN now owns 10,282 shares of the textile maker’s stock valued at $200,000 after purchasing an additional 359 shares during the period. KBC Group NV acquired a new stake in Perry Ellis International in the second quarter valued at approximately $213,000. The Manufacturers Life Insurance Company grew its holdings in Perry Ellis International by 12.3% in the second quarter. The Manufacturers Life Insurance Company now owns 11,504 shares of the textile maker’s stock valued at $224,000 after purchasing an additional 1,263 shares during the period. Finally, First Trust Advisors LP acquired a new stake in Perry Ellis International in the third quarter valued at approximately $235,000. 72.39% of the stock is currently owned by institutional investors.

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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.

Earnings History and Estimates for Perry Ellis International (NASDAQ:PERY)

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