Other research analysts also recently issued reports about the company. KeyCorp restated a hold rating on shares of Perry Ellis International in a research note on Thursday, August 24th. Zacks Investment Research downgraded Perry Ellis International from a buy rating to a hold rating in a research note on Wednesday, September 13th. FBR & Co restated an outperform rating and set a $25.00 target price on shares of Perry Ellis International in a research note on Tuesday, July 11th. Finally, BidaskClub downgraded Perry Ellis International from a hold rating to a sell rating in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $28.75.
Shares of Perry Ellis International (PERY) traded down $0.31 during trading on Tuesday, hitting $22.49. The stock had a trading volume of 100,912 shares, compared to its average volume of 96,564. The company has a current ratio of 3.17, a quick ratio of 1.88 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $353.69 million, a PE ratio of 11.97 and a beta of 0.60.
Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings results on Thursday, August 24th. The textile maker reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. Perry Ellis International had a return on equity of 9.05% and a net margin of 2.08%. The business had revenue of $206.60 million for the quarter, compared to the consensus estimate of $204.97 million. During the same period last year, the business posted $0.15 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. sell-side analysts expect that Perry Ellis International will post 2.15 earnings per share for the current fiscal year.
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In other Perry Ellis International news, insider Stanley P. Silverstein sold 13,507 shares of the business’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 transaction of $298,639.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Luis S. Paez sold 3,812 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were 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. 22.20% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Perry Ellis International by 2.9% in the second quarter. American Century Companies Inc. now owns 228,635 shares of the textile maker’s stock valued at $4,449,000 after purchasing an additional 6,399 shares in the last quarter. Citadel Advisors LLC grew its position in shares of Perry Ellis International by 88.3% in the second quarter. Citadel Advisors LLC now owns 34,137 shares of the textile maker’s stock valued at $664,000 after purchasing an additional 16,012 shares in the last quarter. AXA lifted its holdings in Perry Ellis International by 44.5% in the second quarter. AXA now owns 77,610 shares of the textile maker’s stock valued at $1,510,000 after acquiring an additional 23,910 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Perry Ellis International by 14.4% in the second quarter. Prudential Financial Inc. now owns 133,533 shares of the textile maker’s stock valued at $2,599,000 after acquiring an additional 16,848 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Perry Ellis International by 3.9% in the second quarter. JPMorgan Chase & Co. now owns 414,355 shares of the textile maker’s stock valued at $8,064,000 after acquiring an additional 15,555 shares during the last quarter. Institutional investors and hedge funds own 71.17% of the company’s stock.
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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