Perry Ellis International (NASDAQ:PERY) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. DA Davidson restated a “neutral” rating on shares of Perry Ellis International in a research note on Thursday, May 31st. Sidoti downgraded shares of Perry Ellis International from a “buy” rating to a “neutral” rating in a research note on Friday, June 1st. Ifs Securities downgraded shares of Perry Ellis International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 1st. Finally, ValuEngine downgraded shares of Perry Ellis International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $28.33.

NASDAQ PERY opened at $27.54 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.56 and a current ratio of 4.01. Perry Ellis International has a 52-week low of $21.38 and a 52-week high of $29.59. The company has a market cap of $438.25 million, a PE ratio of 12.93 and a beta of 0.42.

Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings data on Thursday, August 30th. The textile maker reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. The firm had revenue of $199.30 million for the quarter, compared to the consensus estimate of $203.40 million. Perry Ellis International had a net margin of 6.10% and a return on equity of 8.97%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share. equities analysts predict that Perry Ellis International will post 1.9 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in Perry Ellis International by 4.3% in the second quarter. Renaissance Technologies LLC now owns 408,500 shares of the textile maker’s stock valued at $11,099,000 after acquiring an additional 16,700 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Perry Ellis International by 0.8% during the first quarter. Northern Trust Corp now owns 369,206 shares of the textile maker’s stock worth $9,525,000 after buying an additional 2,829 shares during the period. American Century Companies Inc. lifted its stake in shares of Perry Ellis International by 1.5% during the second quarter. American Century Companies Inc. now owns 218,439 shares of the textile maker’s stock worth $5,935,000 after buying an additional 3,278 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Perry Ellis International during the second quarter worth $3,322,000. Finally, Kassirer Asset Management Corp acquired a new stake in shares of Perry Ellis International during the second quarter worth $3,040,000. Institutional investors own 69.02% of the company’s stock.

Perry Ellis International Company Profile

Perry Ellis International, Inc designs, sources, markets, and licenses apparel products, accessories, and fragrances. It operates through four segments: Men's Sportswear and Swim, Women's Sportswear, Direct-to-Consumer, and Licensing. It provides men's wear, including career and casual sportswear, golf apparel, sports apparel, swimwear, and activewear; and womenswear, such as dresses, sportswear, swimwear, and activewear.

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Analyst Recommendations for Perry Ellis International (NASDAQ:PERY)

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