Perry Ellis International (PERY) Rating Lowered to Hold at Zacks Investment Research

Perry Ellis International (NASDAQ:PERY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday. They presently have a $28.00 price objective on the textile maker’s stock. Zacks Investment Research‘s price objective points to a potential upside of 10.32% from the stock’s previous close.

According to Zacks, “Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men’s and women’s apparel, accessories, and fragrances. The company’s collection of dress and casual shirts, golf sportswear, sweaters, dress and casual pants and shorts, jeans wear, active wear and men’s and women’s swimwear is available through all major levels of retail distribution. The company, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands including Perry Ellis, Jantzen, Cubavera, Munsingwear, Savane, Original Penguin, Grand Slam, Natural Issue, Pro Player, the Havanera Co., Axis, Tricots St. Raphael, Gotcha, Girl Star and MCD. The company enhances its roster of brands by licensing trademarks from third parties including Dockers for outerwear, Nike and JAG for swimwear, and PING and PGA TOUR for golf apparel. “

A number of other analysts have also weighed in on PERY. B. Riley reaffirmed a “buy” rating on shares of Perry Ellis International in a research report on Wednesday, November 1st. FBR & Co set a $27.00 price objective on Perry Ellis International and gave the stock a “buy” rating in a research report on Tuesday, October 17th. KeyCorp reaffirmed a “neutral” rating on shares of Perry Ellis International in a research report on Friday, September 29th. BidaskClub raised Perry Ellis International from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, Ifs Securities reiterated an “outperform” rating on shares of Perry Ellis International in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $30.00.

Shares of Perry Ellis International (NASDAQ PERY) opened at $25.38 on Thursday. Perry Ellis International has a 12-month low of $16.35 and a 12-month high of $25.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 3.56. The firm has a market capitalization of $397.81, a price-to-earnings ratio of 13.36 and a beta of 0.62.

Perry Ellis International (NASDAQ:PERY) last posted its quarterly earnings data on Thursday, November 30th. The textile maker reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. Perry Ellis International had a return on equity of 8.95% and a net margin of 3.05%. The business had revenue of $198.80 million for the quarter, compared to analyst estimates of $199.40 million. During the same quarter in the prior year, the company earned $0.23 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. research analysts forecast that Perry Ellis International will post 2.15 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA grew its stake in shares of Perry Ellis International by 42.2% during the second quarter. BNP Paribas Arbitrage SA now owns 5,597 shares of the textile maker’s stock worth $109,000 after purchasing an additional 1,662 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Perry Ellis International by 3.6% during the second quarter. Wells Fargo & Company MN now owns 10,282 shares of the textile maker’s stock worth $200,000 after purchasing an additional 359 shares in the last quarter. KBC Group NV acquired a new position in shares of Perry Ellis International during the second quarter worth $213,000. The Manufacturers Life Insurance Company grew its stake in shares of Perry Ellis International by 12.3% during the second quarter. The Manufacturers Life Insurance Company now owns 11,504 shares of the textile maker’s stock worth $224,000 after purchasing an additional 1,263 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Perry Ellis International during the third quarter worth $235,000. Hedge funds and other institutional investors own 72.62% of the company’s stock.

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Perry Ellis International Company Profile

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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