Bank of America Corp DE increased its stake in shares of Perry Ellis International Inc. (NASDAQ:PERY) by 14.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,140 shares of the textile maker’s stock after buying an additional 12,071 shares during the period. Bank of America Corp DE’s holdings in Perry Ellis International were worth $2,108,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PERY. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Perry Ellis International during the first quarter valued at about $122,000. SG Americas Securities LLC boosted its stake in shares of Perry Ellis International by 46.2% in the first quarter. SG Americas Securities LLC now owns 6,099 shares of the textile maker’s stock valued at $131,000 after buying an additional 1,926 shares during the last quarter. Airain ltd bought a new stake in shares of Perry Ellis International during the first quarter valued at about $217,000. State of Tennessee Treasury Department boosted its stake in shares of Perry Ellis International by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 10,855 shares of the textile maker’s stock valued at $233,000 after buying an additional 1,638 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of Perry Ellis International by 3.9% in the first quarter. Comerica Bank now owns 13,351 shares of the textile maker’s stock valued at $286,000 after buying an additional 503 shares during the last quarter. Institutional investors and hedge funds own 72.50% of the company’s stock.

Perry Ellis International Inc. (NASDAQ PERY) traded down 1.23% during mid-day trading on Friday, reaching $18.49. The company’s stock had a trading volume of 78,151 shares. The stock has a market capitalization of $277.50 million, a P/E ratio of 21.99 and a beta of 0.69. Perry Ellis International Inc. has a 1-year low of $17.14 and a 1-year high of $29.00. The stock’s 50 day moving average price is $19.22 and its 200 day moving average price is $20.59.

Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings results on Thursday, May 18th. The textile maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. Perry Ellis International had a net margin of 1.55% and a return on equity of 9.18%. The firm had revenue of $242 million during the quarter, compared to analysts’ expectations of $241.81 million. During the same period in the prior year, the company earned $1.01 EPS. The firm’s revenue was down 7.3% on a year-over-year basis. Analysts expect that Perry Ellis International Inc. will post $2.13 EPS for the current fiscal year.

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Several brokerages have recently issued reports on PERY. ValuEngine cut Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Wunderlich reiterated a “buy” rating and issued a $35.00 price objective on shares of Perry Ellis International in a research note on Friday, May 19th. Zacks Investment Research cut Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, FBR & Co reiterated an “outperform” rating and issued a $25.00 price objective on shares of Perry Ellis International in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $26.80.

In other Perry Ellis International news, insider Stanley P. Silverstein sold 1,802 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $19.34, for a total value of $34,850.68. The sale was disclosed in a document filed with the SEC, which is available at this link. 22.20% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Perry Ellis International (NASDAQ:PERY)

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