Perry Ellis International, Inc. (NASDAQ:PERY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Wunderlich in a note issued to investors on Tuesday. They presently have a $35.00 price target on the stock. Wunderlich’s target price indicates a potential upside of 67.62% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. Sidoti upgraded shares of Perry Ellis International from a “neutral” rating to a “buy” rating in a research note on Thursday, February 2nd. Zacks Investment Research lowered shares of Perry Ellis International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 19th. Finally, TheStreet lowered shares of Perry Ellis International from a “b-” rating to a “c+” rating in a research note on Monday, January 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.75.
Shares of Perry Ellis International (NASDAQ:PERY) opened at 20.88 on Tuesday. The firm has a market cap of $312.82 million, a P/E ratio of 21.98 and a beta of 0.75. The company’s 50-day moving average price is $22.63 and its 200-day moving average price is $22.38. Perry Ellis International has a 12 month low of $16.24 and a 12 month high of $29.00.
Perry Ellis International (NASDAQ:PERY) last posted its quarterly earnings results on Wednesday, March 22nd. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. The company had revenue of $204 million for the quarter, compared to analysts’ expectations of $229.68 million. Perry Ellis International had a negative net margin of 1.40% and a positive return on equity of 8.73%. Perry Ellis International’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. On average, analysts predict that Perry Ellis International will post $2.00 EPS for the current year.
In related news, insider Luis S. Paez sold 10,000 shares of Perry Ellis International 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 22.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its position in Perry Ellis International by 131.5% in the third quarter. Acadian Asset Management LLC now owns 99,211 shares of the company’s stock worth $1,914,000 after buying an additional 56,363 shares during the period. Martingale Asset Management L P raised its position in Perry Ellis International by 47.5% in the fourth quarter. Martingale Asset Management L P now owns 85,728 shares of the company’s stock worth $2,136,000 after buying an additional 27,627 shares during the period. Bowling Portfolio Management LLC raised its position in 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 during the period. Numeric Investors LLC purchased a new position in Perry Ellis International during the fourth quarter worth approximately $2,541,000. Finally, Wells Fargo & Company MN raised its position in 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 during the period. Hedge funds and other institutional investors own 70.10% of the company’s stock.
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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