Perry Ellis International (PERY) Stock Rating Lowered by 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 note issued on Thursday.

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. “

Several other analysts also recently commented on PERY. B. Riley reaffirmed a “buy” rating on shares of Perry Ellis International in a research note on Wednesday, November 1st. BidaskClub downgraded Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Wednesday. FBR & Co set a $27.00 price objective on Perry Ellis International and gave the stock a “buy” rating in a research note on Tuesday, October 17th. KeyCorp reaffirmed a “neutral” rating on shares of Perry Ellis International in a research note on Friday, September 29th. Finally, Ifs Securities reaffirmed an “outperform” rating on shares of Perry Ellis International in a research note on Tuesday, October 31st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $30.00.

Shares of Perry Ellis International (PERY) opened at $25.11 on Thursday. The company has a market capitalization of $392.33, a price-to-earnings ratio of 14.86 and a beta of 0.62. 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.

Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings data on Thursday, November 30th. The textile maker reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $198.80 million for 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 firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. analysts expect that Perry Ellis International will post 2.15 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its stake in shares of Perry Ellis International by 19.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 29,853 shares of the textile maker’s stock valued at $706,000 after purchasing an additional 4,939 shares during the period. Algert Global LLC acquired a new stake in shares of Perry Ellis International in the 3rd quarter valued at about $243,000. California Public Employees Retirement System raised its stake in shares of Perry Ellis International by 16.1% in the 3rd quarter. California Public Employees Retirement System now owns 65,156 shares of the textile maker’s stock valued at $1,542,000 after purchasing an additional 9,056 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Perry Ellis International by 115.9% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 17,700 shares of the textile maker’s stock valued at $418,000 after purchasing an additional 9,500 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in shares of Perry Ellis International by 143.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 87,800 shares of the textile maker’s stock valued at $2,077,000 after purchasing an additional 51,765 shares during the period. 72.62% of the stock is currently owned by hedge funds and other 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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