Equities research analysts expect Perry Ellis International, Inc. (NASDAQ:PERY) to report sales of $204.25 million for the current quarter, according to Zacks. Two analysts have provided estimates for Perry Ellis International’s earnings, with the lowest sales estimate coming in at $203.70 million and the highest estimate coming in at $204.80 million. Perry Ellis International reported sales of $201.65 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.3%. The company is scheduled to issue its next quarterly earnings report on Thursday, August 17th.

On average, analysts expect that Perry Ellis International will report full year sales of $204.25 million for the current year, with estimates ranging from $875.10 million to $879.00 million. For the next fiscal year, analysts forecast that the business will post sales of $893.75 million per share, with estimates ranging from $892.60 million to $894.90 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Perry Ellis International.

Perry Ellis International (NASDAQ:PERY) last released its earnings results on Thursday, May 18th. The textile maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $242 million for the quarter, compared to analyst estimates of $241.81 million. During the same quarter last year, the firm posted $1.01 earnings per share. The business’s revenue was down 7.3% compared to the same quarter last year.

A number of research firms have weighed in on PERY. ValuEngine downgraded Perry Ellis International from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Wunderlich restated a “buy” rating and issued a $35.00 target price on shares of Perry Ellis International in a research report on Friday, May 19th. Zacks Investment Research upgraded Perry Ellis International from a “sell” rating to a “hold” rating and set a $21.00 target price for the company in a research report on Saturday, May 20th. Finally, TheStreet upgraded Perry Ellis International from a “c+” rating to a “b” rating in a research report on Wednesday, March 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Perry Ellis International currently has a consensus rating of “Buy” and an average price target of $27.25.

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Perry Ellis International (NASDAQ:PERY) traded down 0.68% during mid-day trading on Friday, reaching $18.91. The company’s stock had a trading volume of 67,367 shares. The stock has a market cap of $283.80 million, a price-to-earnings ratio of 22.49 and a beta of 0.75. The firm’s 50 day moving average price is $19.70 and its 200 day moving average price is $22.58. Perry Ellis International has a 12-month low of $17.14 and a 12-month high of $29.00.

In other Perry Ellis International news, insider Stanley P. Silverstein sold 1,802 shares of the company’s stock in a transaction on Friday, May 19th. The stock was 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 accessible through this link. 22.20% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Perry Ellis International by 12.8% in the first quarter. Vanguard Group Inc. now owns 664,127 shares of the textile maker’s stock valued at $14,266,000 after buying an additional 75,397 shares in the last quarter. Renaissance Technologies LLC boosted its position in Perry Ellis International by 13.0% in the fourth quarter. Renaissance Technologies LLC now owns 485,700 shares of the textile maker’s stock valued at $12,099,000 after buying an additional 56,000 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Perry Ellis International by 62.6% in the first quarter. JPMorgan Chase & Co. now owns 398,800 shares of the textile maker’s stock valued at $8,566,000 after buying an additional 153,525 shares in the last quarter. State Street Corp boosted its position in Perry Ellis International by 9.5% in the fourth quarter. State Street Corp now owns 249,049 shares of the textile maker’s stock valued at $6,204,000 after buying an additional 21,505 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Perry Ellis International by 2.7% in the first quarter. American Century Companies Inc. now owns 222,236 shares of the textile maker’s stock valued at $4,774,000 after buying an additional 5,936 shares in the last quarter. 70.10% of the stock is currently owned by 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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