Zacks Investment Research Upgrades Perry Ellis International, Inc. (PERY) to Hold
Perry Ellis International, Inc. (NASDAQ:PERY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
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 topic of several other reports. Sidoti raised shares of Perry Ellis International from a “neutral” rating to a “buy” rating in a research report on Thursday, February 2nd. Wunderlich reissued a “buy” rating and set a $35.00 target price on shares of Perry Ellis International in a research report on Tuesday, March 28th. Finally, TheStreet raised shares of Perry Ellis International from a “c+” rating to a “b” rating in a research report on Wednesday, March 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Perry Ellis International presently has an average rating of “Buy” and an average target price of $28.75.
Perry Ellis International (NASDAQ:PERY) opened at 18.66 on Friday. The firm has a 50-day moving average of $20.36 and a 200 day moving average of $22.72. Perry Ellis International has a 12-month low of $17.14 and a 12-month high of $29.00. The firm has a market capitalization of $279.83 million, a price-to-earnings ratio of 19.64 and a beta of 0.75.
Perry Ellis International (NASDAQ:PERY) last released its earnings results on Thursday, May 18th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.11. Perry Ellis International had a negative net margin of 1.40% and a positive return on equity of 8.73%. The business had revenue of $242 million for the quarter, compared to analysts’ expectations of $241.81 million. During the same period last year, the company earned $1.01 earnings per share. The company’s quarterly revenue was down 7.3% on a year-over-year basis. On average, equities analysts predict that Perry Ellis International will post $2.14 EPS for the current year.
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In other Perry Ellis International news, insider Stanley P. Silverstein sold 1,802 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $19.34, for a total transaction of $34,850.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.20% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in PERY. Wells Fargo & Company MN raised its position in Perry Ellis International by 48.2% in the third quarter. Wells Fargo & Company MN now owns 5,900 shares of the textile maker’s stock valued at $114,000 after buying an additional 1,920 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Perry Ellis International during the first quarter valued at $122,000. SG Americas Securities LLC increased its stake in Perry Ellis International by 46.2% in the first quarter. SG Americas Securities LLC now owns 6,099 shares of the textile maker’s stock valued at $131,000 after buying an additional 1,926 shares during the last quarter. Public Sector Pension Investment Board bought a new stake in Perry Ellis International during the fourth quarter valued at $200,000. Finally, Airain ltd bought a new stake in Perry Ellis International during the first quarter valued at $217,000. Institutional investors and hedge funds own 70.10% of the company’s stock.
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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