Systematic Financial Management LP Has $1.21 Million Stake in Perry Ellis International Inc. (PERY)

Systematic Financial Management LP boosted its position in shares of Perry Ellis International Inc. (NASDAQ:PERY) by 8.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,264 shares of the textile maker’s stock after buying an additional 4,580 shares during the period. Systematic Financial Management LP’s holdings in Perry Ellis International were worth $1,209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PERY. Renaissance Technologies LLC boosted its position in shares of Perry Ellis International by 13.0% in the fourth quarter. Renaissance Technologies LLC now owns 485,700 shares of the textile maker’s stock worth $12,099,000 after buying an additional 56,000 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Perry Ellis International by 62.6% in the first quarter. JPMorgan Chase & Co. now owns 398,800 shares of the textile maker’s stock worth $8,566,000 after buying an additional 153,525 shares during the last quarter. State Street Corp boosted its position in shares of Perry Ellis International by 9.5% in the fourth quarter. State Street Corp now owns 249,049 shares of the textile maker’s stock worth $6,204,000 after buying an additional 21,505 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Perry Ellis International by 2.7% in the first quarter. American Century Companies Inc. now owns 222,236 shares of the textile maker’s stock worth $4,774,000 after buying an additional 5,936 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its position in shares of Perry Ellis International by 23.4% in the first quarter. ClariVest Asset Management LLC now owns 221,941 shares of the textile maker’s stock worth $4,768,000 after buying an additional 42,089 shares during the last quarter. Institutional investors own 73.63% of the company’s stock.

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

Shares of Perry Ellis International Inc. (NASDAQ PERY) traded down 1.99% during mid-day trading on Tuesday, reaching $18.21. The company’s stock had a trading volume of 7,713 shares. The firm has a market cap of $273.30 million, a price-to-earnings ratio of 21.65 and a beta of 0.74. Perry Ellis International Inc. has a 12 month low of $17.14 and a 12 month high of $29.00. The company’s 50-day moving average is $19.21 and its 200 day moving average is $22.21.

Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings data on Thursday, May 18th. The textile maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.72 by $0.11. The firm 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 quarterly revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 earnings per share. On average, equities analysts anticipate that Perry Ellis International Inc. will post $2.13 EPS for the current year.

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A number of research analysts have recently commented on PERY shares. Zacks Investment Research upgraded Perry Ellis International from a “sell” rating to a “hold” rating and set a $21.00 price target for the company in a research note on Saturday, May 20th. TheStreet upgraded Perry Ellis International from a “c+” rating to a “b” rating in a report on Wednesday, March 22nd. Wunderlich restated a “buy” rating and issued a $35.00 price objective on shares of Perry Ellis International in a report on Friday, May 19th. Finally, ValuEngine downgraded Perry Ellis International from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $27.25.

In other news, insider Stanley P. Silverstein sold 1,802 shares of the company’s stock in a transaction dated 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. Corporate insiders own 20.20% of the company’s stock.

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.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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