Perry Ellis International (PERY) Rating Lowered to Hold at BidaskClub

Perry Ellis International (NASDAQ:PERY) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.

A number of other research firms also recently weighed in on PERY. Zacks Investment Research upgraded Perry Ellis International from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday. KeyCorp reiterated a “neutral” rating on shares of Perry Ellis International in a research report on Friday, September 29th. Ifs Securities reiterated an “outperform” rating on shares of Perry Ellis International in a research report on Tuesday, October 31st. B. Riley reiterated a “buy” rating on shares of Perry Ellis International in a research report on Wednesday, November 1st. Finally, 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. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $30.00.

Shares of Perry Ellis International (PERY) opened at $24.21 on Thursday. The firm has a market capitalization of $387.31, a price-to-earnings ratio of 13.01 and a beta of 0.62. The company has a current ratio of 3.56, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. Perry Ellis International has a 1 year low of $16.35 and a 1 year high of $29.00.

Perry Ellis International (NASDAQ:PERY) last released its earnings results on Thursday, November 30th. The textile maker reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $198.80 million during the quarter, compared to the consensus estimate of $199.40 million. Perry Ellis International had a return on equity of 8.95% and a net margin of 3.05%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 EPS. sell-side analysts anticipate that Perry Ellis International will post 2.15 earnings per share for the current year.

In other news, insider Luis S. Paez sold 3,812 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $21.55, for a total transaction of $82,148.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stanley P. Silverstein sold 13,507 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total value of $298,639.77. The disclosure for this sale can be found here. 20.20% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its holdings in shares of Perry Ellis International by 42.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,597 shares of the textile maker’s stock worth $109,000 after buying an additional 1,662 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Perry Ellis International during the 3rd quarter worth $235,000. Algert Global LLC acquired a new position in shares of Perry Ellis International during the 3rd quarter worth $243,000. Wells Fargo & Company MN raised its holdings in shares of Perry Ellis International by 3.6% during the 2nd quarter. Wells Fargo & Company MN now owns 10,282 shares of the textile maker’s stock worth $200,000 after buying an additional 359 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Perry Ellis International during the 3rd quarter worth $244,000. 72.39% of the stock is owned by institutional investors.

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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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