Perry Ellis International (PERY) Raised to “Strong-Buy” at ValuEngine

Perry Ellis International (NASDAQ:PERY) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

PERY has been the topic of several other research reports. Zacks Investment Research raised shares of Perry Ellis International from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, December 5th. BidaskClub downgraded shares of Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. KeyCorp reaffirmed a “hold” rating on shares of Perry Ellis International in a research note on Tuesday, October 31st. Finally, FBR & Co set a $27.00 price target on shares of Perry Ellis International and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Perry Ellis International currently has an average rating of “Hold” and an average target price of $29.75.

Perry Ellis International (PERY) traded down $0.30 during trading on Thursday, hitting $26.21. 203,529 shares of the stock traded hands, compared to its average volume of 105,012. The company has a market cap of $410.66, a price-to-earnings ratio of 15.51 and a beta of 0.60. Perry Ellis International has a 12-month low of $16.35 and a 12-month high of $27.27. 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 posted its quarterly earnings results on Thursday, November 30th. The textile maker reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $198.80 million for the quarter, compared to the consensus estimate of $199.40 million. Perry Ellis International had a net margin of 3.05% and a return on equity of 8.95%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 EPS. equities analysts forecast that Perry Ellis International will post 2.13 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. LSV Asset Management purchased a new position in Perry Ellis International during the 4th quarter valued at about $108,000. BNP Paribas Arbitrage SA increased its position in Perry Ellis International by 41.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,924 shares of the textile maker’s stock valued at $187,000 after purchasing an additional 2,327 shares during the period. Wells Fargo & Company MN increased its position 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. The Manufacturers Life Insurance Company increased its position in 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 valued at $224,000 after purchasing an additional 1,263 shares during the period. Finally, First Trust Advisors LP purchased a new position in Perry Ellis International during the 3rd quarter valued at about $235,000. 72.67% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Perry Ellis International (PERY) Raised to “Strong-Buy” at ValuEngine” was reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/11/perry-ellis-international-pery-raised-to-strong-buy-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Perry Ellis International (NASDAQ:PERY)

Receive News & Ratings for Perry Ellis International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perry Ellis International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply