Perry Ellis International, Inc. (NASDAQ:PERY) – Investment analysts at KeyCorp upped their Q3 2018 EPS estimates for shares of Perry Ellis International in a note issued to investors on Thursday. KeyCorp analyst E. Yruma now expects that the textile maker will post earnings of $0.37 per share for the quarter, up from their previous estimate of $0.27. KeyCorp also issued estimates for Perry Ellis International’s Q4 2018 earnings at $0.86 EPS and FY2019 earnings at $2.32 EPS.

Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings data on Thursday, May 18th. The textile maker reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.11. Perry Ellis International had a positive return on equity of 8.73% and a negative net margin of 1.40%. The firm had revenue of $242 million for the quarter, compared to the consensus estimate of $241.81 million. During the same quarter last year, the business posted $1.01 earnings per share. The firm’s revenue was down 7.3% compared to the same quarter last year.

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Earnings History and Estimates for Perry Ellis International (NASDAQ:PERY)

Several other research firms also recently issued reports on PERY. Zacks Investment Research upgraded shares of Perry Ellis International from a “sell” rating to a “hold” rating in a report on Saturday. TheStreet upgraded shares of Perry Ellis International from a “c+” rating to a “b” rating in a report on Wednesday, March 22nd. Wunderlich restated a “buy” rating and set a $35.00 price objective on shares of Perry Ellis International in a report on Friday. Finally, Sidoti upgraded shares of Perry Ellis International from a “neutral” rating to a “buy” rating in a report on Thursday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $28.75.

Perry Ellis International (NASDAQ:PERY) opened at 18.66 on Monday. The company’s 50-day moving average price is $20.36 and its 200-day moving average price is $22.72. Perry Ellis International has a 12 month low of $17.14 and a 12 month high of $29.00. The stock has a market cap of $280.05 million, a P/E ratio of 22.19 and a beta of 0.75.

A number of institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its position in Perry Ellis International by 8.5% in the first quarter. AQR Capital Management LLC now owns 182,128 shares of the textile maker’s stock worth $3,912,000 after buying an additional 14,221 shares during the period. Bank of America Corp DE raised its position in Perry Ellis International by 14.0% in the first quarter. Bank of America Corp DE now owns 98,140 shares of the textile maker’s stock worth $2,108,000 after buying an additional 12,071 shares during the period. Lucus Advisors LLC purchased a new position in Perry Ellis International during the first quarter worth approximately $405,000. New York State Teachers Retirement System raised its position in Perry Ellis International by 4.6% in the first quarter. New York State Teachers Retirement System now owns 27,416 shares of the textile maker’s stock worth $589,000 after buying an additional 1,200 shares during the period. Finally, Citadel Advisors LLC purchased a new position in Perry Ellis International during the first quarter worth approximately $389,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.

In related news, insider Stanley P. Silverstein sold 1,802 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $19.34, for a total value of $34,850.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 22.20% of the company’s stock.

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.

12 Month Chart for NASDAQ:PERY

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