Perry Ellis International Inc. (PERY) Receives Average Rating of “Buy” from Analysts
Shares of Perry Ellis International Inc. (NASDAQ:PERY) have been assigned an average rating of “Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $28.25.
PERY has been the subject of a number of recent analyst reports. FBR & Co restated an “outperform” rating and issued a $25.00 target price on shares of Perry Ellis International in a report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Perry Ellis International from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub downgraded shares of Perry Ellis International from a “hold” rating to a “sell” rating in a report on Friday, August 18th. TheStreet downgraded shares of Perry Ellis International from a “b-” rating to a “c+” rating in a report on Friday, August 18th. Finally, KeyCorp restated a “hold” rating on shares of Perry Ellis International in a report on Thursday, August 24th.
In other Perry Ellis International news, insider Luis S. Paez sold 3,812 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $21.55, for a total transaction of $82,148.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stanley P. Silverstein sold 13,507 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total transaction of $298,639.77. The disclosure for this sale can be found here. 20.20% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA grew its stake in Perry Ellis International by 42.2% during 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 period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Perry Ellis International during the first quarter worth approximately $122,000. SG Americas Securities LLC grew its stake in Perry Ellis International by 46.2% during 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 period. Wells Fargo & Company MN grew its stake in Perry Ellis International by 3.6% during 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 period. Finally, KBC Group NV purchased a new stake in Perry Ellis International during the second quarter worth approximately $213,000. Institutional investors own 70.95% of the company’s stock.
Perry Ellis International (PERY) opened at 23.07 on Wednesday. The stock has a market cap of $347.76 million, a PE ratio of 20.20 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 company’s 50 day moving average is $22.18 and its 200-day moving average is $20.16.
Perry Ellis International (NASDAQ:PERY) last released its earnings results on Thursday, August 24th. The textile maker reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. Perry Ellis International had a net margin of 2.08% and a return on equity of 9.05%. The firm had revenue of $206.60 million during the quarter, compared to the consensus estimate of $204.97 million. During the same period in the previous year, the firm earned $0.15 earnings per share. Perry Ellis International’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Perry Ellis International will post $2.15 earnings per share for the current year.
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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.
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