ValuEngine Lowers Perry Ellis International, Inc. (PERY) to Hold

ValuEngine downgraded shares of Perry Ellis International, Inc. (NASDAQ:PERY) from a buy rating to a hold rating in a report issued on Friday morning.

PERY has been the topic of several other research reports. Sidoti raised Perry Ellis International from a neutral rating to a buy rating in a research report on Thursday, February 2nd. Wunderlich reissued a buy rating and set a $35.00 target price on shares of Perry Ellis International in a research report on Tuesday, March 28th. Zacks Investment Research raised Perry Ellis International from a sell rating to a hold rating in a research report on Saturday, April 8th. Finally, TheStreet raised Perry Ellis International from a c+ rating to a b rating in a research report on Wednesday, March 22nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of $27.25.

Shares of Perry Ellis International (PERY) traded down 1.127% during midday trading on Friday, hitting $18.865. The stock had a trading volume of 19,578 shares. The stock has a market cap of $283.13 million, a PE ratio of 22.432 and a beta of 0.75. The firm has a 50 day moving average price of $19.79 and a 200 day moving average price of $22.63. Perry Ellis International has a one year low of $17.14 and a one year high of $29.00.

Perry Ellis International (NASDAQ:PERY) last issued its earnings results on Thursday, May 18th. The textile maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.11. Perry Ellis International had a positive return on equity of 8.73% and a negative net margin of 1.40%. The business had revenue of $242 million for the quarter, compared to analyst estimates of $241.81 million. During the same quarter last year, the company earned $1.01 EPS. The business’s quarterly revenue was down 7.3% on a year-over-year basis. On average, equities analysts forecast that Perry Ellis International will post $2.13 earnings per share for the current fiscal year.

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In other Perry Ellis International news, insider Stanley P. Silverstein sold 1,802 shares of Perry Ellis International 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 document filed with the SEC, which is available at the SEC website. Insiders own 22.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Perry Ellis International during the fourth quarter valued at approximately $2,367,000. Bessemer Group Inc. purchased a new position in Perry Ellis International during the fourth quarter valued at approximately $329,000. Comerica Bank raised its position 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 raised its position 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 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 textile maker’s stock valued at $2,136,000 after buying an additional 27,627 shares during the period. 70.10% of the stock is currently owned by institutional investors.

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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