BidaskClub Lowers Perry Ellis International (PERY) to Hold
BidaskClub cut shares of Perry Ellis International (NASDAQ:PERY) from a buy rating to a hold rating in a research note issued to investors on Thursday.
A number of other equities analysts also recently weighed in on the company. Zacks Investment Research raised Perry Ellis International from a hold rating to a buy rating and set a $24.00 price target on the stock in a research report on Friday, September 1st. KeyCorp restated a hold rating on shares of Perry Ellis International in a report on Tuesday, October 31st. TheStreet cut Perry Ellis International from a b- rating to a c+ rating in a report on Friday, August 18th. Ifs Securities restated an outperform rating on shares of Perry Ellis International in a report on Tuesday, October 31st. Finally, FBR & Co set a $25.00 price objective on Perry Ellis International and gave the stock a buy rating in a report on Monday, August 21st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $30.00.
Perry Ellis International (PERY) traded down $0.29 during trading hours on Thursday, hitting $24.17. The company had a trading volume of 61,185 shares, compared to its average volume of 90,124. The company has a current ratio of 3.56, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $378.70, a P/E ratio of 12.72 and a beta of 0.62. Perry Ellis International has a twelve month low of $16.35 and a twelve month high of $29.00.
Perry Ellis International (NASDAQ:PERY) last released its earnings results on Thursday, November 30th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $198.80 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 earnings per share. research analysts anticipate that Perry Ellis International will post 2.15 EPS for the current year.
In other news, insider Luis S. Paez sold 3,812 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $21.55, for a total transaction of $82,148.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stanley P. Silverstein sold 13,507 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total transaction of $298,639.77. The disclosure for this sale can be found here. 22.20% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in Perry Ellis International by 42.2% in the second quarter. BNP Paribas Arbitrage SA now owns 5,597 shares of the textile maker’s stock valued at $109,000 after purchasing an additional 1,662 shares during the period. First Trust Advisors LP acquired a new stake in Perry Ellis International in the third quarter valued at $235,000. Algert Global LLC acquired a new stake in Perry Ellis International in the third quarter valued at $243,000. Wells Fargo & Company MN increased its holdings in Perry Ellis International by 3.6% in the second 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. Finally, Crossmark Global Holdings Inc. acquired a new stake in Perry Ellis International in the third quarter valued at $244,000. Institutional investors own 72.39% of the company’s stock.
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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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