Shares of Perry Ellis International Inc. (NASDAQ:PERY) have received an average recommendation of “Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $28.25.

A number of equities analysts have weighed in on PERY shares. Zacks Investment Research raised Perry Ellis International from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Friday, September 1st. FBR & Co set a $25.00 price objective on Perry Ellis International and gave the stock a “buy” rating in a research note on Monday, August 21st. Wunderlich reissued a “buy” rating and set a $35.00 price objective on shares of Perry Ellis International in a research note on Friday, May 19th. TheStreet lowered Perry Ellis International from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Finally, KeyCorp reissued a “hold” rating on shares of Perry Ellis International in a research note on Thursday, August 24th.

Perry Ellis International (NASDAQ PERY) opened at 22.34 on Friday. The company has a market capitalization of $336.75 million, a P/E ratio of 19.56 and a beta of 0.65. Perry Ellis International has a 52-week low of $16.35 and a 52-week high of $29.00. The stock’s 50 day moving average price is $20.14 and its 200-day moving average price is $20.17.

Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings data on Thursday, August 24th. The textile maker reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.06. The company had revenue of $206.60 million for the quarter, compared to analyst estimates of $204.97 million. Perry Ellis International had a return on equity of 9.05% and a net margin of 2.08%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. Analysts predict that Perry Ellis International will post $2.15 earnings per share for the current fiscal year.

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In other Perry Ellis International news, insider Stanley P. Silverstein sold 13,507 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total transaction of $298,639.77. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 22.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Perry Ellis International by 12.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,504 shares of the textile maker’s stock valued at $224,000 after purchasing an additional 1,263 shares during the last quarter. State Street Corp lifted its stake in shares of Perry Ellis International by 5.3% in the 2nd quarter. State Street Corp now owns 280,040 shares of the textile maker’s stock valued at $5,448,000 after purchasing an additional 13,982 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Perry Ellis International by 4.0% in the 2nd quarter. Voya Investment Management LLC now owns 33,823 shares of the textile maker’s stock valued at $658,000 after purchasing an additional 1,306 shares during the last quarter. OxFORD Asset Management LLP lifted its stake in shares of Perry Ellis International by 5.4% in the 2nd quarter. OxFORD Asset Management LLP now owns 69,588 shares of the textile maker’s stock valued at $1,354,000 after purchasing an additional 3,553 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in shares of Perry Ellis International by 88.3% in the 2nd quarter. Citadel Advisors LLC now owns 34,137 shares of the textile maker’s stock valued at $664,000 after purchasing an additional 16,012 shares during the last quarter. 70.95% of the stock is currently 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.

Analyst Recommendations for Perry Ellis International (NASDAQ:PERY)

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