Perry Ellis International, Inc. (NASDAQ:PERY) insider Stanley P. Silverstein sold 12,076 shares of the company’s stock in a transaction on Sunday, September 9th. The stock was sold at an average price of $27.15, for a total value of $327,863.40. Following the sale, the insider now owns 61,590 shares of the company’s stock, valued at approximately $1,672,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of PERY traded down $0.02 during midday trading on Friday, hitting $27.40. 60,188 shares of the company’s stock traded hands, compared to its average volume of 115,311. Perry Ellis International, Inc. has a 1 year low of $21.46 and a 1 year high of $29.59. The company has a current ratio of 2.98, a quick ratio of 1.69 and a debt-to-equity ratio of 0.10. The firm has a market cap of $434.11 million, a PE ratio of 12.86 and a beta of 0.33.
Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings data on Thursday, August 30th. The textile maker reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Perry Ellis International had a return on equity of 8.64% and a net margin of 5.66%. The firm had revenue of $199.30 million during the quarter, compared to analyst estimates of $203.40 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, research analysts forecast that Perry Ellis International, Inc. will post 1.9 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in shares of Perry Ellis International by 4.3% in the 2nd quarter. Renaissance Technologies LLC now owns 408,500 shares of the textile maker’s stock valued at $11,099,000 after acquiring an additional 16,700 shares during the period. Northern Trust Corp increased its position in shares of Perry Ellis International by 1.2% in the 2nd quarter. Northern Trust Corp now owns 373,563 shares of the textile maker’s stock valued at $10,150,000 after acquiring an additional 4,357 shares during the period. American Century Companies Inc. increased its position in shares of Perry Ellis International by 1.5% in the 2nd quarter. American Century Companies Inc. now owns 218,439 shares of the textile maker’s stock valued at $5,935,000 after acquiring an additional 3,278 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Perry Ellis International in the 2nd quarter valued at $3,322,000. Finally, Kassirer Asset Management Corp acquired a new position in shares of Perry Ellis International in the 2nd quarter valued at $3,040,000. 69.21% of the stock is currently owned by hedge funds and other institutional investors.
PERY has been the subject of a number of analyst reports. BidaskClub upgraded Perry Ellis International from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 11th. Zacks Investment Research lowered Perry Ellis International from a “hold” rating to a “sell” rating in a report on Saturday, September 8th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Perry Ellis International currently has an average rating of “Hold” and a consensus target price of $28.33.
About Perry Ellis International
Perry Ellis International, Inc designs, sources, markets, and licenses apparel products, accessories, and fragrances. It operates through four segments: Men's Sportswear and Swim, Women's Sportswear, Direct-to-Consumer, and Licensing. It provides men's wear, including career and casual sportswear, golf apparel, sports apparel, swimwear, and activewear; and womenswear, such as dresses, sportswear, swimwear, and activewear.
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