Insider Selling: Perry Ellis International Treasurer Sells 15,000 Shares of Stock (PERY)
Perry Ellis International (NASDAQ:PERY) Treasurer Fanny Hanono sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $17.05, for a total value of $255,750.00. Following the completion of the transaction, the treasurer now directly owns 18,932 shares in the company, valued at approximately $322,791. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on PERY. Analysts at Benchmark Co. raised their price target on shares of Perry Ellis International from $17.00 to $20.00 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock. Separately, analysts at KeyCorp raised their price target on shares of Perry Ellis International from $17.00 to $20.00 in a research note on Friday, May 23rd. Finally, analysts at Zacks upgraded shares of Perry Ellis International from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $15.20 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.30.
Shares of Perry Ellis International (NASDAQ:PERY) traded up 1.08% during mid-day trading on Thursday, hitting $17.71. The stock had a trading volume of 174,104 shares. Perry Ellis International has a 52 week low of $12.37 and a 52 week high of $22.19. The stock has a 50-day moving average of $15.51 and a 200-day moving average of $15.10. The company’s market cap is $261.8 million.
Perry Ellis International (NASDAQ:PERY) last announced its earnings results on Thursday, May 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.27. The company had revenue of $257.30 million for the quarter, compared to the consensus estimate of $235.47 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts expect that Perry Ellis International will post $0.90 EPS for the current fiscal year.
Perry Ellis International, Inc, is an apparel company in the United States. The Company manages a portfolio of brands.
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