Perry Ellis International (NASDAQ:PERY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

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. “

Several other research analysts also recently issued reports on PERY. BidaskClub downgraded Perry Ellis International from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. KeyCorp restated a “hold” rating on shares of Perry Ellis International in a research report on Tuesday, October 31st. FBR & Co set a $27.00 price objective on Perry Ellis International and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Ifs Securities restated an “outperform” rating on shares of Perry Ellis International in a research report on Tuesday, October 31st. Finally, B. Riley restated a “buy” rating on shares of Perry Ellis International in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $30.00.

Perry Ellis International (PERY) traded up $0.05 during mid-day trading on Friday, hitting $25.26. 58,300 shares of the stock were exchanged, compared to its average volume of 59,800. Perry Ellis International has a 52 week low of $16.35 and a 52 week high of $25.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 3.56. The firm has a market cap of $394.99, a P/E ratio of 14.95 and a beta of 0.62.

Perry Ellis International (NASDAQ:PERY) last posted 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. Perry Ellis International had a net margin of 3.05% and a return on equity of 8.95%. The company had revenue of $198.80 million during the quarter, compared to the consensus estimate of $199.40 million. During the same period last year, the firm earned $0.23 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. equities research analysts expect that Perry Ellis International will post 2.15 earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA grew its stake in 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 acquiring an additional 1,662 shares during the period. Wells Fargo & Company MN grew its stake in 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 acquiring an additional 359 shares during the period. The Manufacturers Life Insurance Company grew its stake in 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 worth $224,000 after acquiring an additional 1,263 shares during the period. First Trust Advisors LP purchased a new stake in Perry Ellis International in the 3rd quarter worth approximately $235,000. Finally, Algert Global LLC purchased a new stake in Perry Ellis International in the 3rd quarter worth approximately $243,000. Hedge funds and other institutional investors own 72.62% of the company’s stock.

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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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