Perry Ellis International Inc. (NASDAQ:PERY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men’s and women’s apparel, accessories, and fragrances. The company’s collection of dress and casual shirts, golf sportswear, sweaters, dress and casual pants and shorts, jeans wear, active wear and men’s and women’s swimwear is available through all major levels of retail distribution. The company, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands including Perry Ellis, Jantzen, Cubavera, Munsingwear, Savane, Original Penguin, Grand Slam, Natural Issue, Pro Player, the Havanera Co., Axis, Tricots St. Raphael, Gotcha, Girl Star and MCD. The company enhances its roster of brands by licensing trademarks from third parties including Dockers for outerwear, Nike and JAG for swimwear, and PING and PGA TOUR for golf apparel. “

PERY has been the subject of a number of other research reports. Brean Capital lowered their price objective on shares of Perry Ellis International from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, August 19th. Deutsche Bank AG reissued a “hold” rating and set a $26.00 target price on shares of Perry Ellis International in a research note on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Perry Ellis International presently has a consensus rating of “Hold” and a consensus target price of $26.50.

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Perry Ellis International (NASDAQ:PERY) opened at 18.95 on Wednesday. Perry Ellis International has a 52 week low of $15.73 and a 52 week high of $22.71. The stock’s 50 day moving average is $19.33 and its 200-day moving average is $19.67. The stock’s market capitalization is $283.36 million.

Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings data on Thursday, August 18th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.14. Perry Ellis International had a negative net margin of 0.54% and a positive return on equity of 8.31%. 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 firm earned $0.31 EPS. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities research analysts forecast that Perry Ellis International will post $1.98 EPS for the current year.

In other Perry Ellis International news, insider Stanley P. Silverstein sold 10,942 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $19.61, for a total transaction of $214,572.62. Following the completion of the transaction, the insider now directly owns 74,960 shares of the company’s stock, valued at approximately $1,469,965.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 22.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. raised its position in Perry Ellis International by 26.3% in the first quarter. Prudential Financial Inc. now owns 34,415 shares of the company’s stock worth $633,000 after buying an additional 7,175 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Perry Ellis International by 211.6% in the first quarter. JPMorgan Chase & Co. now owns 237,475 shares of the company’s stock worth $4,372,000 after buying an additional 161,275 shares in the last quarter. Spark Investment Management LLC bought a new stake in shares of Perry Ellis International during the first quarter worth $554,000. Goldman Sachs Group Inc. raised its stake in shares of Perry Ellis International by 1.7% in the first quarter. Goldman Sachs Group Inc. now owns 101,944 shares of the company’s stock worth $1,877,000 after buying an additional 1,715 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in shares of Perry Ellis International by 46.2% in the first quarter. Kennedy Capital Management Inc. now owns 217,764 shares of the company’s stock worth $4,009,000 after buying an additional 68,848 shares in the last quarter. 66.82% of the stock is owned by hedge funds and other institutional investors.

Perry Ellis International Company Profile

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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