Perry Ellis International (NASDAQ:PERY) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Several other brokerages have also weighed in on PERY. Zacks Investment Research upgraded Perry Ellis International from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Tuesday. KeyCorp restated a “neutral” rating on shares of Perry Ellis International in a research note on Friday, September 29th. Ifs Securities restated an “outperform” rating on shares of Perry Ellis International in a research note on Tuesday, October 31st. B. Riley restated a “buy” rating on shares of Perry Ellis International in a research note on Wednesday, November 1st. Finally, FBR & Co set a $27.00 price target on Perry Ellis International and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Three analysts have rated the stock with 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.

Shares of Perry Ellis International (PERY) traded up $0.25 during trading on Thursday, reaching $24.46. The company had a trading volume of 66,363 shares, compared to its average volume of 97,432. The stock has a market capitalization of $381.83, a price-to-earnings ratio of 12.83 and a beta of 0.62. Perry Ellis International has a 52 week low of $16.35 and a 52 week high of $29.00. The company has a quick ratio of 2.13, a current ratio of 3.56 and a debt-to-equity ratio of 0.27.

Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings data on Thursday, November 30th. The textile maker reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $198.80 million during the quarter, compared to analyst estimates of $199.40 million. Perry Ellis International had a return on equity of 8.95% and a net margin of 3.05%. The firm’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 business posted $0.23 earnings per share. equities research analysts predict that Perry Ellis International will post 2.15 earnings per share for the current fiscal year.

In other Perry Ellis International news, insider Luis S. Paez sold 3,812 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $21.55, for a total transaction of $82,148.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stanley P. Silverstein sold 13,507 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total value of $298,639.77. The disclosure for this sale can be found here. Company insiders own 22.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA lifted its position in shares of Perry Ellis International by 42.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,597 shares of the textile maker’s stock valued at $109,000 after acquiring an additional 1,662 shares during the period. Wells Fargo & Company MN raised its position in shares of Perry Ellis International by 3.6% during 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 last quarter. KBC Group NV acquired a new position in shares of Perry Ellis International during the 2nd quarter worth approximately $213,000. The Manufacturers Life Insurance Company raised its position in shares of Perry Ellis International by 12.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,504 shares of the textile maker’s stock worth $224,000 after purchasing an additional 1,263 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in Perry Ellis International in the 3rd quarter worth approximately $235,000. 72.39% of the stock is currently owned by institutional investors.

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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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