Perry Ellis International (NASDAQ:PERY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $28.00 price target on the textile maker’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 14.90% from the stock’s current price.

According to Zacks, “Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men’s and women’s apparel, accessories, and fragrances. The company’s collection of dress and casual shirts, golf sportswear, sweaters, dress and casual pants and shorts, jeans wear, active wear and men’s and women’s swimwear is available through all major levels of retail distribution. The company, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands including Perry Ellis, Jantzen, Cubavera, Munsingwear, Savane, Original Penguin, Grand Slam, Natural Issue, Pro Player, the Havanera Co., Axis, Tricots St. Raphael, Gotcha, Girl Star and MCD. The company enhances its roster of brands by licensing trademarks from third parties including Dockers for outerwear, Nike and JAG for swimwear, and PING and PGA TOUR for golf apparel. “

PERY has been the subject of a number of other reports. TheStreet downgraded Perry Ellis International from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. KeyCorp reiterated a “hold” rating on shares of Perry Ellis International in a research note on Tuesday, October 31st. B. Riley reiterated a “buy” rating on shares of Perry Ellis International in a research note on Wednesday, November 1st. FBR & Co set a $27.00 price objective on Perry Ellis International and gave the company a “buy” rating in a research note on Tuesday, October 17th. Finally, BidaskClub downgraded Perry Ellis International from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $30.00.

Perry Ellis International (NASDAQ:PERY) traded down $0.35 during trading on Tuesday, hitting $24.37. The company’s stock had a trading volume of 81,965 shares, compared to its average volume of 97,599. The company has a market cap of $398.59, a P/E ratio of 13.39 and a beta of 0.62. Perry Ellis International has a 1-year low of $16.35 and a 1-year high of $29.00. The company has a current ratio of 3.56, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.

Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings results on Thursday, November 30th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The business had revenue of $198.80 million during the quarter, compared to the consensus estimate of $199.40 million. Perry Ellis International had a return on equity of 8.95% and a net margin of 3.05%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. equities research analysts forecast that Perry Ellis International will post 2.15 EPS for the current fiscal year.

In related news, 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 value of $298,639.77. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Luis S. Paez sold 3,812 shares of the business’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 value of $82,148.60. The disclosure for this sale can be found here. Insiders own 20.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of PERY. California Public Employees Retirement System lifted its holdings in Perry Ellis International by 17.0% in the 1st quarter. California Public Employees Retirement System now owns 59,900 shares of the textile maker’s stock worth $1,287,000 after purchasing an additional 8,700 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Perry Ellis International by 12.8% in the 1st quarter. Vanguard Group Inc. now owns 664,127 shares of the textile maker’s stock worth $14,266,000 after purchasing an additional 75,397 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Perry Ellis International by 5.3% in the 1st quarter. Geode Capital Management LLC now owns 94,743 shares of the textile maker’s stock worth $2,035,000 after purchasing an additional 4,789 shares in the last quarter. Morgan Stanley lifted its holdings in Perry Ellis International by 12.7% in the 1st quarter. Morgan Stanley now owns 113,636 shares of the textile maker’s stock worth $2,441,000 after purchasing an additional 12,793 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Perry Ellis International by 14.0% in the 1st quarter. Bank of America Corp DE now owns 98,140 shares of the textile maker’s stock worth $2,108,000 after purchasing an additional 12,071 shares in the last quarter. 72.39% of the stock is currently owned by institutional investors.

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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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