First Citizens Bank & Trust Co. decreased its stake in shares of Perry Ellis International Inc. (NASDAQ:PERY) by 9.1% during the second quarter, Holdings Channel reports. The institutional investor owned 19,310 shares of the company’s stock after selling 1,934 shares during the period. First Citizens Bank & Trust Co.’s holdings in Perry Ellis International were worth $389,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Perry Ellis International by 211.6% in the first quarter. JPMorgan Chase & Co. now owns 237,475 shares of the company’s stock valued at $4,372,000 after buying an additional 161,275 shares in the last quarter. Kennedy Capital Management Inc. raised its stake in shares of Perry Ellis International by 46.2% in the first quarter. Kennedy Capital Management Inc. now owns 217,764 shares of the company’s stock valued at $4,009,000 after buying an additional 68,848 shares in the last quarter. Spark Investment Management LLC acquired a new stake in shares of Perry Ellis International during the first quarter valued at about $554,000. Adams Diversified Equity Fund Inc. acquired a new stake in shares of Perry Ellis International during the second quarter valued at about $368,000. Finally, Diker Management LLC acquired a new stake in shares of Perry Ellis International during the first quarter valued at about $272,000. 66.82% of the stock is owned by hedge funds and other institutional investors.
Shares of Perry Ellis International Inc. (NASDAQ:PERY) traded down 1.11% during midday trading on Monday, reaching $18.78. The company had a trading volume of 40,053 shares. Perry Ellis International Inc. has a 1-year low of $15.73 and a 1-year high of $22.71. The stock’s market capitalization is $280.82 million. The company’s 50-day moving average is $19.34 and its 200-day moving average is $19.67.
Perry Ellis International (NASDAQ:PERY) last released its earnings results on Thursday, August 18th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.14. Perry Ellis International had a positive return on equity of 8.31% and a negative net margin of 0.54%. The business had revenue of $202 million for the quarter, compared to the consensus estimate of $197.63 million. During the same period in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Perry Ellis International Inc. will post $1.98 EPS for the current year.
Several equities research analysts have recently issued reports on PERY shares. Zacks Investment Research lowered Perry Ellis International from a “buy” rating to a “hold” rating in a research report on Wednesday, August 24th. Brean Capital reaffirmed a “buy” rating on shares of Perry Ellis International in a research report on Thursday, September 22nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $26.00 target price on shares of Perry Ellis International in a research report on Thursday, August 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Perry Ellis International currently has a consensus rating of “Buy” and an average target price of $26.50.
In other Perry Ellis International news, insider Stanley P. Silverstein sold 10,942 shares of the business’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $19.61, for a total value of $214,572.62. Following the sale, the insider now directly owns 74,960 shares of the company’s stock, valued at $1,469,965.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.20% of the stock is owned by company insiders.
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.
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