Equities analysts expect that Perry Ellis International Inc. (NASDAQ:PERY) will announce $199.61 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Perry Ellis International’s earnings. The highest sales estimate is $199.61 million and the lowest is $199.60 million. Perry Ellis International reported sales of $193.96 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.9%. The company is expected to announce its next quarterly earnings results on Thursday, November 16th.
On average, analysts expect that Perry Ellis International will report full-year sales of $199.61 million for the current financial year, with estimates ranging from $876.04 million to $876.60 million. For the next year, analysts anticipate that the business will post sales of $896.60 million per share, with estimates ranging from $888.70 million to $904.50 million. Zacks’ sales averages are an average based on a survey of analysts that follow Perry Ellis International.
Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings data on Thursday, August 24th. The textile maker reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The company had revenue of $206.60 million for the quarter, compared to the consensus estimate of $204.97 million. Perry Ellis International had a net margin of 2.08% and a return on equity of 9.05%. Perry Ellis International’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS.
A number of brokerages recently commented on PERY. Zacks Investment Research lowered Perry Ellis International from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. FBR & Co set a $27.00 target price on Perry Ellis International and gave the company a “buy” rating in a research report on Tuesday, October 17th. Finally, KeyCorp reiterated a “neutral” rating on shares of Perry Ellis International in a research report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $28.75.
In other Perry Ellis International news, insider Stanley P. Silverstein sold 13,507 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total value of $298,639.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Luis S. Paez sold 3,812 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $21.55, for a total value of $82,148.60. The disclosure for this sale can be found here. Corporate insiders own 20.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Perry Ellis International by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 678,254 shares of the textile maker’s stock worth $13,199,000 after purchasing an additional 14,127 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Perry Ellis International by 3.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 414,355 shares of the textile maker’s stock worth $8,064,000 after purchasing an additional 15,555 shares in the last quarter. Northern Trust Corp boosted its position in Perry Ellis International by 1.8% in the 2nd quarter. Northern Trust Corp now owns 366,702 shares of the textile maker’s stock worth $7,137,000 after purchasing an additional 6,643 shares in the last quarter. State Street Corp boosted its position in Perry Ellis International by 5.3% in the 2nd quarter. State Street Corp now owns 280,040 shares of the textile maker’s stock worth $5,448,000 after purchasing an additional 13,982 shares in the last quarter. Finally, ClariVest Asset Management LLC boosted its position in Perry Ellis International by 19.4% in the 2nd quarter. ClariVest Asset Management LLC now owns 264,941 shares of the textile maker’s stock worth $5,156,000 after purchasing an additional 43,000 shares in the last quarter. Institutional investors and hedge funds own 71.17% of the company’s stock.
Shares of Perry Ellis International (NASDAQ PERY) traded up 1.67% during mid-day trading on Tuesday, hitting $23.13. 14,859 shares of the stock were exchanged. Perry Ellis International has a 12 month low of $16.35 and a 12 month high of $29.00. The stock has a market cap of $348.66 million, a PE ratio of 20.25 and a beta of 0.64. The stock’s 50 day moving average is $22.74 and its 200-day moving average is $20.36.
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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