Insider Selling: Gary Dix Sells 8,502 Shares of Perry Ellis International Stock (PERY)
Perry Ellis International (NASDAQ:PERY) Director Gary Dix sold 8,502 shares of Perry Ellis International stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $17.65, for a total value of $150,060.30. Following the sale, the director now directly owns 25,788 shares in the company, valued at approximately $455,158. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on PERY shares. 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 issued a hold rating and three have assigned a buy rating to the company. Perry Ellis International currently has an average rating of “Hold” and an average price target of $18.30.
Perry Ellis International (NASDAQ:PERY) traded up 2.98% on Monday, hitting $18.33. 101,795 shares of the company’s stock traded hands. Perry Ellis International has a one year low of $12.37 and a one year high of $22.19. The stock’s 50-day moving average is $15.58 and its 200-day moving average is $15.1. The company’s market cap is $270.9 million.
Perry Ellis International (NASDAQ:PERY) last released its earnings data on Thursday, May 22nd. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts predict that Perry Ellis International will post $0.90 earnings per share 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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