Perry Ellis International Inc. (NASDAQ:PERY) has earned a consensus recommendation of “Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $28.25.
PERY has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Perry Ellis International from a “sell” rating to a “hold” rating and set a $21.00 target price on the stock in a research note on Saturday, May 20th. FBR & Co restated an “outperform” rating and issued a $25.00 target price on shares of Perry Ellis International in a research note on Tuesday, July 11th. Wunderlich reaffirmed a “buy” rating and issued a $35.00 price target on shares of Perry Ellis International in a report on Friday, May 19th. Finally, ValuEngine cut Perry Ellis International from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
Shares of Perry Ellis International (NASDAQ PERY) traded down 0.53% during trading on Friday, reaching $18.60. 41,196 shares of the company’s stock traded hands. The stock has a 50-day moving average of $19.18 and a 200-day moving average of $20.64. Perry Ellis International has a 1-year low of $17.14 and a 1-year high of $29.00. The company has a market capitalization of $279.15 million, a price-to-earnings ratio of 22.12 and a beta of 0.69.
Perry Ellis International (NASDAQ:PERY) last issued its earnings results on Thursday, May 18th. The textile maker reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.11. Perry Ellis International had a net margin of 1.55% and a return on equity of 9.18%. The company had revenue of $242 million for the quarter, compared to the consensus estimate of $241.81 million. During the same quarter in the previous year, the company earned $1.01 EPS. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. On average, equities analysts predict that Perry Ellis International will post $2.13 EPS for the current fiscal year.
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In related news, insider Stanley P. Silverstein sold 1,802 shares of the business’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 value of $34,850.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.20% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in 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 period. Vanguard Group Inc. increased its position in Perry Ellis International by 12.8% in the first quarter. Vanguard Group Inc. now owns 664,127 shares of the textile maker’s stock worth $14,266,000 after buying an additional 75,397 shares during the period. Prudential Financial Inc. increased its position in Perry Ellis International by 169.3% in the first quarter. Prudential Financial Inc. now owns 116,685 shares of the textile maker’s stock worth $2,506,000 after buying an additional 73,360 shares during the period. ClariVest Asset Management LLC increased its position in Perry Ellis International by 19.4% in the second quarter. ClariVest Asset Management LLC now owns 264,941 shares of the textile maker’s stock worth $5,156,000 after buying an additional 43,000 shares during the period. Finally, Nordea Investment Management AB increased its position in Perry Ellis International by 28.5% in the first quarter. Nordea Investment Management AB now owns 185,900 shares of the textile maker’s stock worth $3,993,000 after buying an additional 41,200 shares during the period. 72.50% of the stock is owned by hedge funds and other 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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