Perry Ellis International Inc. (PERY) Given a $25.00 Price Target by FBR & Co Analysts
Perry Ellis International Inc. (NASDAQ:PERY) has been given a $25.00 target price by FBR & Co in a report issued on Monday. The brokerage currently has a “buy” rating on the textile maker’s stock. FBR & Co’s price objective would indicate a potential upside of 47.32% from the company’s previous close.
The analysts wrote, “We are reiterating our Buy rating, estimates and $25 price target for PERY with the company reporting 2QFY18 (July) results before the open on Thursday. Given Street worries over the department store sector, PERY is trading within 5% of its 52 week low; as such, we believe expectations are low for 2Q and guidance. That said, we believe the company is set for solid upside to 2Q driven by the rollout of the Nicklaus line, expansion both domestically and internationally by Callaway (ELY) and continued market share gains in department stores, which we believe will offset weakness at JC Penney (JCP) and Kohl’s (KSS).””
A number of other brokerages also recently issued reports on PERY. Zacks Investment Research raised Perry Ellis International from a “sell” rating to a “hold” rating and set a $21.00 price objective on the stock in a research note on Saturday, May 20th. Wunderlich reissued a “buy” rating and issued a $35.00 price objective on shares of Perry Ellis International in a research note on Friday, May 19th. ValuEngine downgraded Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded Perry Ellis International from a “hold” rating to a “sell” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $27.00.
Perry Ellis International (NASDAQ:PERY) traded down 4.23% during midday trading on Monday, reaching $16.97. The company had a trading volume of 162,134 shares. The stock has a 50-day moving average price of $18.99 and a 200 day moving average price of $20.29. The company has a market capitalization of $254.69 million, a PE ratio of 20.18 and a beta of 0.69. Perry Ellis International has a 12-month low of $16.75 and a 12-month high of $29.00.
Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings data on Thursday, May 18th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.11. The company had revenue of $242 million for the quarter, compared to the consensus estimate of $241.81 million. Perry Ellis International had a return on equity of 9.18% and a net margin of 1.55%. The firm’s revenue was down 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 EPS. Equities analysts forecast that Perry Ellis International will post $2.13 EPS for the current year.
A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its stake in shares of 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 worth $109,000 after buying an additional 1,662 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Perry Ellis International during the first quarter worth approximately $122,000. SG Americas Securities LLC raised its stake in shares of 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 worth $131,000 after buying an additional 1,926 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of 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 worth $200,000 after buying an additional 359 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of Perry Ellis International during the second quarter worth approximately $213,000. 72.93% of the stock is owned by institutional investors and hedge funds.
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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