Perry Ellis International Inc. (PERY) Receives “Hold” Rating from KeyCorp
Perry Ellis International Inc. (NASDAQ:PERY)‘s stock had its “hold” rating reaffirmed by KeyCorp in a research report issued on Tuesday.
A number of other equities analysts also recently commented on the stock. Ifs Securities began coverage on shares of Perry Ellis International in a research note on Tuesday. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded shares of Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, FBR & Co set a $27.00 target price on shares of Perry Ellis International and gave the stock a “buy” rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $28.75.
Shares of Perry Ellis International (PERY) traded down 2.66% during mid-day trading on Tuesday, reaching $22.67. 28,128 shares of the company’s stock traded hands. The firm has a market capitalization of $341.73 million, a price-to-earnings ratio of 19.85 and a beta of 0.65. The stock has a 50-day moving average price of $22.76 and a 200 day moving average price of $20.38. Perry Ellis International has a 12-month low of $16.35 and a 12-month high of $29.00.
Perry Ellis International (NASDAQ:PERY) last issued its earnings results on Thursday, August 24th. The textile maker reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.06. The business had revenue of $206.60 million for the quarter, compared to the consensus estimate of $204.97 million. Perry Ellis International had a net margin of 2.08% and a return on equity of 9.05%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. Analysts anticipate that Perry Ellis International will post $2.15 EPS for the current fiscal year.
In other news, insider Stanley P. Silverstein sold 13,507 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $22.11, for a total value of $298,639.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Luis S. Paez sold 3,812 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $21.55, for a total transaction of $82,148.60. The disclosure for this sale can be found here. 20.20% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its position in shares of Perry Ellis International by 42.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,597 shares of the textile maker’s stock worth $109,000 after purchasing an additional 1,662 shares during the period. SG Americas Securities LLC lifted its position in shares of Perry Ellis International by 46.2% in the 1st quarter. SG Americas Securities LLC now owns 6,099 shares of the textile maker’s stock worth $131,000 after purchasing an additional 1,926 shares during the period. First Trust Advisors LP purchased a new stake in shares of Perry Ellis International in the 3rd quarter worth approximately $235,000. Wells Fargo & Company MN lifted its position in shares of Perry Ellis International by 3.6% in the 2nd quarter. Wells Fargo & Company MN now owns 10,282 shares of the textile maker’s stock worth $200,000 after purchasing an additional 359 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Perry Ellis International in the 3rd quarter worth approximately $244,000. 71.17% of the stock is owned by hedge funds and other institutional investors.
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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