Perry Ellis International Inc. (PERY) Shares Bought by State of Tennessee Treasury Department

State of Tennessee Treasury Department boosted its stake in shares of Perry Ellis International Inc. (NASDAQ:PERY) by 17.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,855 shares of the textile maker’s stock after buying an additional 1,638 shares during the period. State of Tennessee Treasury Department’s holdings in Perry Ellis International were worth $233,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in Perry Ellis International during the fourth quarter valued at approximately $2,367,000. Bessemer Group Inc. purchased a new stake in Perry Ellis International during the fourth quarter valued at approximately $329,000. Comerica Bank boosted its stake in Perry Ellis International by 5.9% in the fourth quarter. Comerica Bank now owns 12,848 shares of the textile maker’s stock valued at $318,000 after buying an additional 715 shares during the period. State Street Corp boosted its stake in Perry Ellis International by 9.5% in the fourth quarter. State Street Corp now owns 249,049 shares of the textile maker’s stock valued at $6,204,000 after buying an additional 21,505 shares during the period. Finally, Martingale Asset Management L P boosted its stake in Perry Ellis International by 47.5% in the fourth quarter. Martingale Asset Management L P now owns 85,728 shares of the textile maker’s stock valued at $2,136,000 after buying an additional 27,627 shares during the period. 73.63% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Perry Ellis International (NASDAQ:PERY)

Shares of Perry Ellis International Inc. (NASDAQ PERY) opened at 18.53 on Friday. Perry Ellis International Inc. has a 1-year low of $17.14 and a 1-year high of $29.00. The stock has a 50 day moving average price of $19.14 and a 200 day moving average price of $22.16. The firm has a market capitalization of $278.10 million, a PE ratio of 22.03 and a beta of 0.74.

Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings results on Thursday, May 18th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.11. The company had revenue of $242 million during the quarter, compared to the consensus estimate of $241.81 million. Perry Ellis International had a net margin of 1.55% and a return on equity of 9.18%. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 earnings per share. Equities research analysts anticipate that Perry Ellis International Inc. will post $2.13 earnings per share for the current fiscal year.

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Several equities research analysts have recently commented on PERY shares. TheStreet raised Perry Ellis International from a “c+” rating to a “b” rating in a research note on Wednesday, March 22nd. Zacks Investment Research cut Perry Ellis International from a “hold” rating to a “sell” rating in a research note on Tuesday, March 28th. Wunderlich reissued a “buy” rating and issued a $35.00 target price on shares of Perry Ellis International in a research note on Tuesday, March 28th. Finally, ValuEngine cut Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Perry Ellis International has a consensus rating of “Buy” and a consensus target price of $27.25.

In other news, insider Stanley P. Silverstein sold 1,802 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $19.34, for a total transaction of $34,850.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.20% of the stock is currently owned by corporate 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PERY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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