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Perry Ellis International (NASDAQ:PERY) was downgraded by stock analysts at KeyCorp from a “buy” rating to a “hold” rating in a report issued on Friday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.

Shares of Perry Ellis International (NASDAQ:PERY) opened at 20.25 on Friday. Perry Ellis International has a 1-year low of $12.37 and a 1-year high of $21.29. The stock’s 50-day moving average is $18.5 and its 200-day moving average is $16.10. The company’s market cap is $299.3 million.

Perry Ellis International (NASDAQ:PERY) last announced its earnings results on Thursday, August 21st. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.05. The company had revenue of $196.00 million for the quarter, compared to the consensus estimate of $208.00 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, analysts predict that Perry Ellis International will post $0.91 earnings per share for the current fiscal year.

PERY has been the subject of a number of other recent research reports. Analysts at Sidoti downgraded shares of Perry Ellis International from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 13th. Separately, analysts at Zacks upgraded shares of Perry Ellis International from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 23rd. They now have a $19.80 price target on the stock. Finally, analysts at TheStreet upgraded shares of Perry Ellis International from a “sell” rating to a “hold” rating in a research note on Wednesday, June 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Perry Ellis International presently has a consensus rating of “Buy” and a consensus price target of $19.27.

Perry Ellis International, Inc, is an apparel company in the United States. The Company manages a portfolio of brands.

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