Perry Ellis International Inc. (PERY) Stock Rating Reaffirmed by Brean Capital
Perry Ellis International Inc. (NASDAQ:PERY)‘s stock had its “buy” rating reaffirmed by equities researchers at Brean Capital in a research report issued to clients and investors on Thursday.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Perry Ellis International from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Deutsche Bank AG restated a “hold” rating and issued a $26.00 price objective on shares of Perry Ellis International in a research note on Thursday, August 18th. Finally, Sidoti started coverage on Perry Ellis International in a research note on Wednesday, June 1st. They issued a “buy” rating for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Perry Ellis International has a consensus rating of “Buy” and an average target price of $26.50.
Shares of Perry Ellis International (NASDAQ:PERY) traded up 1.41% on Thursday, hitting $20.08. The company had a trading volume of 18,967 shares. The company has a 50 day moving average price of $19.79 and a 200 day moving average price of $19.63. The firm’s market capitalization is $300.26 million. Perry Ellis International has a 1-year low of $15.73 and a 1-year high of $23.34.
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Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings results on Thursday, August 18th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.14. Perry Ellis International had a positive return on equity of 8.31% and a negative net margin of 0.54%. The business earned $202 million during the quarter, compared to the consensus estimate of $197.63 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. Perry Ellis International’s revenue was down 5.5% compared to the same quarter last year. On average, equities analysts forecast that Perry Ellis International will post $1.98 earnings per share for the current fiscal year.
In other news, major shareholder George Feldenkreis sold 20,000 shares of the company’s stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $22.05, for a total transaction of $441,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stanley P. Silverstein sold 10,942 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $19.61, for a total value of $214,572.62. Following the transaction, the insider now directly owns 74,960 shares in the company, valued at approximately $1,469,965.60. The disclosure for this sale can be found here. Insiders own 22.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. American International Group Inc. boosted its position in shares of Perry Ellis International by 0.5% in the second quarter. American International Group Inc. now owns 9,201 shares of the company’s stock worth $185,000 after buying an additional 45 shares in the last quarter. Springbok Capital Management LLC boosted its position in shares of Perry Ellis International by 34.6% in the first quarter. Springbok Capital Management LLC now owns 10,900 shares of the company’s stock worth $201,000 after buying an additional 2,800 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of Perry Ellis International during the second quarter worth approximately $203,000. Financial Consulate Inc. purchased a new position in shares of Perry Ellis International during the second quarter worth approximately $214,000. Finally, Acrospire Investment Management LLC purchased a new position in shares of Perry Ellis International during the first quarter worth approximately $221,000. 66.87% of the stock is currently owned by hedge funds and other institutional investors.
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.
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