Perry Ellis International (PERY) Receives New Coverage from Analysts at DA Davidson

Equities researchers at DA Davidson assumed coverage on shares of Perry Ellis International (NASDAQ:PERY) in a report issued on Thursday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $28.00 price target on the textile maker’s stock. DA Davidson’s price target would indicate a potential upside of 6.83% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised Perry Ellis International from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, December 5th. B. Riley reaffirmed a “buy” rating on shares of Perry Ellis International in a research note on Wednesday, November 1st. 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. BidaskClub raised Perry Ellis International from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Perry Ellis International in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Perry Ellis International currently has a consensus rating of “Hold” and a consensus price target of $29.75.

Shares of Perry Ellis International (PERY) traded down $0.30 on Thursday, hitting $26.21. The stock had a trading volume of 203,529 shares, compared to its average volume of 105,012. The company has a market cap of $410.66, a P/E ratio of 13.79 and a beta of 0.60. 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 has a 12-month low of $16.35 and a 12-month high of $27.27.

Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings data on Thursday, November 30th. The textile maker reported $0.25 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.25. The company had revenue of $198.80 million for the quarter, compared to analysts’ expectations of $199.40 million. Perry Ellis International had a return on equity of 8.95% and a net margin of 3.05%. Perry Ellis International’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. equities research analysts expect that Perry Ellis International will post 2.13 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Perry Ellis International by 2.6% in the 4th quarter. BlackRock Inc. now owns 2,058,232 shares of the textile maker’s stock worth $51,537,000 after purchasing an additional 51,502 shares during the period. Vanguard Group Inc. increased its stake in shares of Perry Ellis International by 2.1% during the second quarter. Vanguard Group Inc. now owns 678,254 shares of the textile maker’s stock valued at $13,199,000 after buying an additional 14,127 shares during the period. Northern Trust Corp increased its stake in shares of Perry Ellis International by 1.8% during the second quarter. Northern Trust Corp now owns 366,702 shares of the textile maker’s stock valued at $7,137,000 after buying an additional 6,643 shares during the period. State Street Corp increased its stake in shares of Perry Ellis International by 5.3% during the second quarter. State Street Corp now owns 280,040 shares of the textile maker’s stock valued at $5,448,000 after buying an additional 13,982 shares during the period. Finally, ClariVest Asset Management LLC increased its stake in shares of Perry Ellis International by 3.3% during the third quarter. ClariVest Asset Management LLC now owns 273,595 shares of the textile maker’s stock valued at $6,474,000 after buying an additional 8,654 shares during the period. 72.67% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Perry Ellis International (NASDAQ:PERY)

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