Perry Ellis International, Inc. (PERY) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Perry Ellis International, Inc. (NASDAQ:PERY) from a sell rating to a hold rating in a research report report published on Saturday morning.

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. “

Several other equities research analysts have also recently weighed in on the company. TheStreet raised Perry Ellis International from a c+ rating to a b rating in a research note on Wednesday, March 22nd. Wunderlich reissued a buy rating and issued a $35.00 price target on shares of Perry Ellis International in a research note on Tuesday, March 28th. Finally, Sidoti raised Perry Ellis International from a neutral rating to a buy rating in a research note on Thursday, February 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $28.75.

Perry Ellis International (NASDAQ:PERY) opened at 18.66 on Friday. The stock’s 50 day moving average price is $20.36 and its 200 day moving average price is $22.72. Perry Ellis International has a 52-week low of $17.14 and a 52-week high of $29.00. The firm has a market capitalization of $279.83 million, a price-to-earnings ratio of 19.64 and a beta of 0.75.

Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings results on Thursday, May 18th. The textile maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.11. The company had revenue of $242 million during the quarter, compared to analysts’ expectations of $241.81 million. Perry Ellis International had a positive return on equity of 8.73% and a negative net margin of 1.40%. The business’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 earnings per share. On average, equities analysts anticipate that Perry Ellis International will post $2.14 earnings per share for the current fiscal year.

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In related news, insider Stanley P. Silverstein sold 1,802 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $19.34, for a total transaction of $34,850.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 22.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Perry Ellis International by 48.2% in the third quarter. Wells Fargo & Company MN now owns 5,900 shares of the textile maker’s stock valued at $114,000 after buying an additional 1,920 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Perry Ellis International during the first quarter valued at approximately $122,000. SG Americas Securities LLC boosted its stake in Perry Ellis International by 46.2% in the first quarter. SG Americas Securities LLC now owns 6,099 shares of the textile maker’s stock valued at $131,000 after buying an additional 1,926 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in Perry Ellis International during the fourth quarter valued at approximately $200,000. Finally, Airain ltd acquired a new stake in Perry Ellis International during the first quarter valued at approximately $217,000. 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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