Perry Ellis International’s Buy Rating Reiterated at Benchmark Co. (PERY)
Perry Ellis International (NASDAQ:PERY)‘s stock had its “buy” rating restated by analysts at Benchmark Co. in a research report issued to clients and investors on Friday. They currently have a $23.00 price objective on the stock, up from their previous price objective of $20.00. Benchmark Co.’s price target points to a potential upside of 13.58% from the stock’s previous close.
Perry Ellis International (NASDAQ:PERY) traded down 6.12% during mid-day trading on Friday, hitting $19.01. The stock had a trading volume of 102,275 shares. Perry Ellis International has a 52-week low of $12.37 and a 52-week high of $21.29. The stock has a 50-day moving average of $18.5 and a 200-day moving average of $16.10. The company’s market cap is $281.0 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 prior year, the company posted ($0.15) earnings per share. The company’s quarterly revenue 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at KeyCorp downgraded shares of Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Friday. They now have a $20.00 price target on the stock. They noted that the move was a valuation call. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $20.20.
Perry Ellis International, Inc, is an apparel company in the United States. The Company manages a portfolio of brands.
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