Perry Ellis International (NASDAQ:PERY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men’s and women’s apparel, accessories, and fragrances. The company’s collection of dress and casual shirts, golf sportswear, sweaters, dress and casual pants and shorts, jeans wear, active wear and men’s and women’s swimwear is available through all major levels of retail distribution. The company, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands including Perry Ellis, Jantzen, Cubavera, Munsingwear, Savane, Original Penguin, Grand Slam, Natural Issue, Pro Player, the Havanera Co., Axis, Tricots St. Raphael, Gotcha, Girl Star and MCD. The company enhances its roster of brands by licensing trademarks from third parties including Dockers for outerwear, Nike and JAG for swimwear, and PING and PGA TOUR for golf apparel. “

A number of other research firms also recently weighed in on PERY. BidaskClub raised shares of Perry Ellis International from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. KeyCorp reaffirmed a “neutral” rating on shares of Perry Ellis International in a research report on Friday, September 29th. Ifs Securities reaffirmed an “outperform” rating on shares of Perry Ellis International in a research report on Tuesday, October 31st. B. Riley reaffirmed a “buy” rating on shares of Perry Ellis International in a research report on Wednesday, November 1st. Finally, FBR & Co set a $27.00 price objective on shares of Perry Ellis International and gave the company a “buy” rating in a research report on Tuesday, October 17th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Perry Ellis International has a consensus rating of “Buy” and a consensus price target of $30.00.

Perry Ellis International (PERY) traded up $0.05 during trading on Friday, reaching $25.26. 58,300 shares of the company were exchanged, compared to its average volume of 59,800. The company has a market capitalization of $394.99, a P/E ratio of 14.95 and a beta of 0.62. Perry Ellis International has a 1-year low of $16.35 and a 1-year high of $25.99. The company has a current ratio of 3.56, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.

Perry Ellis International (NASDAQ:PERY) last released its earnings results on Thursday, November 30th. The textile maker reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $198.80 million during the quarter, compared to the consensus estimate of $199.40 million. Perry Ellis International had a net margin of 3.05% and a return on equity of 8.95%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. analysts predict that Perry Ellis International will post 2.15 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in PERY. Allianz Asset Management GmbH grew its position in shares of Perry Ellis International by 143.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 87,800 shares of the textile maker’s stock valued at $2,077,000 after acquiring an additional 51,765 shares during the period. Bank of Montreal Can bought a new stake in shares of Perry Ellis International during the 4th quarter worth about $1,241,000. Ameriprise Financial Inc. boosted its holdings in shares of Perry Ellis International by 46.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 121,617 shares of the textile maker’s stock worth $2,367,000 after buying an additional 38,753 shares during the period. SG Capital Management LLC bought a new stake in shares of Perry Ellis International during the 3rd quarter worth about $755,000. Finally, Prudential Financial Inc. boosted its holdings in shares of Perry Ellis International by 19.7% during the 3rd quarter. Prudential Financial Inc. now owns 159,903 shares of the textile maker’s stock worth $3,783,000 after buying an additional 26,370 shares during the period. 72.62% of the stock is owned by institutional investors.

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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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Analyst Recommendations for Perry Ellis International (NASDAQ:PERY)

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