Perry Ellis International (PERY) Downgraded to “Sell” at BidaskClub

BidaskClub downgraded shares of Perry Ellis International (NASDAQ:PERY) from a hold rating to a sell rating in a research note published on Friday morning.

PERY has been the topic of several other reports. Zacks Investment Research lowered shares of Perry Ellis International from a buy rating to a hold rating and set a $28.00 price objective on the stock. in a report on Thursday, January 4th. KeyCorp reiterated a hold rating on shares of Perry Ellis International in a report on Tuesday, October 31st. B. Riley reiterated a buy rating on shares of Perry Ellis International in a report on Wednesday, November 1st. FBR & Co set a $27.00 price objective on shares of Perry Ellis International and gave the stock a buy rating in a report on Tuesday, October 17th. Finally, Ifs Securities reiterated an outperform rating on shares of Perry Ellis International in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $30.33.

Perry Ellis International (PERY) opened at $24.91 on Friday. The firm has a market cap of $384.88, a PE ratio of 14.74 and a beta of 0.62. Perry Ellis International has a 1-year low of $16.35 and a 1-year high of $26.09. 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 (NASDAQ:PERY) last announced its quarterly earnings data on Thursday, November 30th. The textile maker reported $0.25 earnings per share 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 analyst estimates of $199.40 million. Perry Ellis International had a net margin of 3.05% and a return on equity of 8.95%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. research analysts anticipate that Perry Ellis International will post 2.15 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of PERY. Allianz Asset Management GmbH raised its holdings in Perry Ellis International by 143.7% in the third quarter. Allianz Asset Management GmbH now owns 87,800 shares of the textile maker’s stock valued at $2,077,000 after buying an additional 51,765 shares during the period. Bank of Montreal Can purchased a new position in Perry Ellis International in the fourth quarter valued at approximately $1,241,000. Ameriprise Financial Inc. raised its holdings in Perry Ellis International by 46.8% in the second quarter. Ameriprise Financial Inc. now owns 121,617 shares of the textile maker’s stock valued at $2,367,000 after buying an additional 38,753 shares during the period. SG Capital Management LLC purchased a new position in Perry Ellis International in the third quarter valued at approximately $755,000. Finally, Prudential Financial Inc. raised its holdings in Perry Ellis International by 19.7% in the third quarter. Prudential Financial Inc. now owns 159,903 shares of the textile maker’s stock valued at $3,783,000 after buying an additional 26,370 shares during the period. Hedge funds and other institutional investors own 72.94% of the company’s stock.

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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.

Analyst Recommendations for Perry Ellis International (NASDAQ:PERY)

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