Perry Ellis International, Inc. (NASDAQ:PERY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
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 equities research analysts also recently weighed in on the stock. Sidoti raised shares of Perry Ellis International from a “neutral” rating to a “buy” rating in a research note on Thursday, February 2nd. TheStreet raised shares of Perry Ellis International from a “hold” rating to a “buy” rating in a research note on Monday, December 12th. Finally, Wunderlich reaffirmed a “buy” rating and issued a $35.00 target price on shares of Perry Ellis International in a research note on Wednesday, December 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $28.75.
Shares of Perry Ellis International (NASDAQ:PERY) opened at 20.88 on Tuesday. Perry Ellis International has a 1-year low of $16.24 and a 1-year high of $29.00. The stock has a 50 day moving average of $22.63 and a 200-day moving average of $22.38. The company has a market capitalization of $312.82 million, a price-to-earnings ratio of 21.98 and a beta of 0.75.
Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings results on Wednesday, March 22nd. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 had revenue of $204 million for the quarter, compared to the consensus estimate of $229.68 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts forecast that Perry Ellis International will post $2.00 earnings per share for the current year.
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In related news, insider Luis S. Paez sold 10,000 shares of the firm’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 value of $243,400.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 22.20% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Numeric Investors LLC bought a new stake in shares of Perry Ellis International during the fourth quarter worth $2,541,000. Bowling Portfolio Management LLC increased 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. Guggenheim Capital LLC increased its stake in shares of Perry Ellis International by 30.4% in the fourth quarter. Guggenheim Capital LLC now owns 106,962 shares of the company’s stock worth $2,664,000 after buying an additional 24,909 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Perry Ellis International by 42.5% in the fourth quarter. Two Sigma Investments LP now owns 89,367 shares of the company’s stock worth $2,226,000 after buying an additional 26,671 shares in the last quarter. Finally, Public Sector Pension Investment Board bought a new stake in shares of Perry Ellis International during the fourth quarter worth $200,000. 70.10% of the stock is currently 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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