Perry Ellis International (NASDAQ:PERY) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Tuesday, September 11th.
PERY has been the topic of a number of other reports. Zacks Investment Research cut Perry Ellis International from a “hold” rating to a “sell” rating in a research note on Saturday, September 8th. Sidoti cut Perry Ellis International from a “buy” rating to a “neutral” rating in a research note on Friday, June 1st. Ifs Securities cut Perry Ellis International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 1st. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Perry Ellis International in a research note on Thursday, May 31st. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Perry Ellis International currently has an average rating of “Hold” and an average price target of $28.33.
Shares of NASDAQ PERY traded down $0.02 during trading hours on Tuesday, reaching $27.40. 60,188 shares of the stock traded hands, compared to its average volume of 115,311. The stock has a market cap of $434.11 million, a price-to-earnings ratio of 12.86 and a beta of 0.33. The company has a current ratio of 2.98, a quick ratio of 1.69 and a debt-to-equity ratio of 0.10. Perry Ellis International has a 52-week low of $21.46 and a 52-week high of $29.59.
Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings data on Thursday, August 30th. The textile maker reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. The company had revenue of $199.30 million for the quarter, compared to analysts’ expectations of $203.40 million. Perry Ellis International had a return on equity of 8.64% and a net margin of 5.66%. Perry Ellis International’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. On average, analysts forecast that Perry Ellis International will post 1.9 EPS for the current fiscal year.
In other news, insider Stanley P. Silverstein sold 12,076 shares of the business’s stock in a transaction that occurred on Sunday, September 9th. The stock was sold at an average price of $27.15, for a total transaction of $327,863.40. Following the transaction, the insider now directly owns 61,590 shares of the company’s stock, valued at $1,672,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 20.20% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in shares of Perry Ellis International during the second quarter valued at approximately $124,000. Mint Tower Capital Management B.V. purchased a new position in shares of Perry Ellis International during the second quarter valued at approximately $136,000. SG Americas Securities LLC purchased a new position in shares of Perry Ellis International during the second quarter valued at approximately $177,000. Chicago Capital Management LLC purchased a new position in shares of Perry Ellis International during the second quarter valued at approximately $203,000. Finally, Thrivent Financial for Lutherans purchased a new position in shares of Perry Ellis International during the first quarter valued at approximately $210,000. 69.21% of the stock is currently owned by hedge funds and other institutional investors.
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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