Zacks Investment Research Lowers Perry Ellis International (PERY) to Sell

Perry Ellis International (NASDAQ:PERY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

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 firms also recently commented on PERY. BidaskClub upgraded Perry Ellis International from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. KeyCorp reiterated a “hold” rating on shares of Perry Ellis International in a report on Tuesday, October 31st. Ifs Securities reiterated an “outperform” rating on shares of Perry Ellis International in a report on Tuesday, October 31st. B. Riley reiterated a “buy” rating on shares of Perry Ellis International in a report on Wednesday, November 1st. Finally, FBR & Co set a $27.00 price objective on Perry Ellis International and gave the stock a “buy” rating in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $30.33.

Shares of Perry Ellis International (PERY) opened at $24.38 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 3.56. Perry Ellis International has a 52 week low of $16.35 and a 52 week high of $26.09. The stock has a market capitalization of $383.40, a PE ratio of 14.43 and a beta of 0.62.

Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings results on Thursday, November 30th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The firm 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 company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. sell-side analysts forecast that Perry Ellis International will post 2.15 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PERY. Legal & General Group Plc increased its holdings in shares of Perry Ellis International by 14.4% in the second quarter. Legal & General Group Plc now owns 22,675 shares of the textile maker’s stock worth $441,000 after buying an additional 2,848 shares during the period. Principal Financial Group Inc. increased its holdings in Perry Ellis International by 1.6% during the 2nd quarter. Principal Financial Group Inc. now owns 93,346 shares of the textile maker’s stock valued at $1,817,000 after purchasing an additional 1,465 shares during the period. Wells Fargo & Company MN increased its holdings in 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 valued at $200,000 after purchasing an additional 359 shares during the period. Teachers Advisors LLC increased its holdings in Perry Ellis International by 5.7% during the 2nd quarter. Teachers Advisors LLC now owns 23,540 shares of the textile maker’s stock valued at $458,000 after purchasing an additional 1,263 shares during the period. Finally, TIAA CREF Investment Management LLC increased its holdings in Perry Ellis International by 2.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 65,751 shares of the textile maker’s stock valued at $1,280,000 after purchasing an additional 1,547 shares during the period. Hedge funds and other institutional investors own 72.82% 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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