Perry Ellis International Inc. (PERY) Stock Rating Lowered by BidaskClub
Perry Ellis International Inc. (NASDAQ:PERY) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
A number of other research firms have also recently weighed in on PERY. Zacks Investment Research raised shares of Perry Ellis International from a “sell” rating to a “hold” rating and set a $21.00 price objective for the company in a research report on Saturday, May 20th. Wunderlich restated a “buy” rating and issued a $35.00 target price on shares of Perry Ellis International in a research note on Friday, May 19th. ValuEngine lowered shares of Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, FBR & Co restated an “outperform” rating and issued a $25.00 target price on shares of Perry Ellis International in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Perry Ellis International has an average rating of “Hold” and a consensus target price of $26.80.
Perry Ellis International (NASDAQ:PERY) traded down 0.11% on Friday, hitting $17.72. The stock had a trading volume of 69,109 shares. The firm has a market cap of $265.94 million, a price-to-earnings ratio of 21.07 and a beta of 0.69. The company’s 50-day moving average price is $19.06 and its 200 day moving average price is $20.38. Perry Ellis International has a one year low of $17.14 and a one year high of $29.00.
Perry Ellis International (NASDAQ:PERY) last posted its quarterly earnings data on Thursday, May 18th. The textile maker reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.11. The company had revenue of $242 million during the quarter, compared to analysts’ expectations of $241.81 million. Perry Ellis International had a net margin of 1.55% and a return on equity of 9.18%. The firm’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 EPS. Analysts expect that Perry Ellis International will post $2.13 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in Perry Ellis International by 42.2% in the second quarter. BNP Paribas Arbitrage SA now owns 5,597 shares of the textile maker’s stock valued at $109,000 after buying an additional 1,662 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Perry Ellis International during the first quarter valued at $122,000. SG Americas Securities LLC raised 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 period. Wells Fargo & Company MN raised its stake in Perry Ellis International by 3.6% in the second quarter. Wells Fargo & Company MN now owns 10,282 shares of the textile maker’s stock valued at $200,000 after buying an additional 359 shares during the period. Finally, KBC Group NV acquired a new stake in Perry Ellis International during the second quarter valued at $213,000. Hedge funds and other institutional investors own 72.93% 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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