Perry Ellis International, Inc. (NASDAQ:PERY) was upgraded by research analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued on Wednesday.
Several other research firms have also recently weighed in on PERY. Wunderlich reissued a “buy” rating and set a $35.00 price objective on shares of Perry Ellis International in a report on Wednesday, December 21st. Sidoti cut shares of Perry Ellis International from a “buy” rating to a “neutral” rating in a report on Monday, December 12th. Finally, Zacks Investment Research cut shares of Perry Ellis International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $28.75.
Perry Ellis International (NASDAQ:PERY) traded down 0.9886% during mid-day trading on Wednesday, hitting $20.7825. 30,337 shares of the stock were exchanged. The company has a 50-day moving average of $22.68 and a 200-day moving average of $22.35. Perry Ellis International has a 52 week low of $16.24 and a 52 week high of $29.00. The stock has a market capitalization of $311.36 million, a PE ratio of 21.8763 and a beta of 0.75.
Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings data on Wednesday, March 22nd. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.06. Perry Ellis International had a negative net margin of 1.40% and a positive return on equity of 8.73%. The firm earned $204 million during the quarter, compared to analysts’ expectations of $229.68 million. During the same period in the previous year, the company earned $0.35 earnings per share. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities analysts predict that Perry Ellis International will post $2.00 EPS for the current fiscal year.
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In other Perry Ellis International news, insider Luis S. Paez sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $24.34, for a total transaction of $243,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 22.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in PERY. New York State Teachers Retirement System boosted its stake in shares of Perry Ellis International by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 26,216 shares of the company’s stock worth $653,000 after buying an additional 100 shares in the last quarter. Bowling Portfolio Management LLC boosted its stake in shares of Perry Ellis International by 0.4% in the fourth quarter. Bowling Portfolio Management LLC now owns 25,151 shares of the company’s stock worth $627,000 after buying an additional 102 shares in the last quarter. Comerica Bank boosted its stake in shares of Perry Ellis International by 5.9% in the fourth quarter. Comerica Bank now owns 12,848 shares of the company’s stock worth $318,000 after buying an additional 715 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Perry Ellis International by 48.2% in the third quarter. Wells Fargo & Company MN now owns 5,900 shares of the company’s stock worth $114,000 after buying an additional 1,920 shares in the last quarter. Finally, ClariVest Asset Management LLC boosted its stake in shares of Perry Ellis International by 2.0% in the third quarter. ClariVest Asset Management LLC now owns 116,340 shares of the company’s stock worth $2,243,000 after buying an additional 2,321 shares in the last quarter. 70.10% of the stock is owned by institutional investors and hedge funds.
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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