Foundry Partners LLC reduced its stake in Perry Ellis International Inc. (NASDAQ:PERY) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 178,070 shares of the textile maker’s stock after selling 2,550 shares during the period. Foundry Partners LLC’s holdings in Perry Ellis International were worth $3,465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Perry Ellis International during the first quarter valued at approximately $122,000. SG Americas Securities LLC boosted its position 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 period. Airain ltd purchased a new position in shares of Perry Ellis International during the first quarter valued at approximately $217,000. State of Tennessee Treasury Department boosted its position 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 period. Finally, Comerica Bank boosted its position 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 period. 72.93% of the stock is owned by hedge funds and other institutional investors.

Perry Ellis International Inc. (NASDAQ PERY) opened at 18.01 on Wednesday. The company has a 50-day moving average price of $19.20 and a 200 day moving average price of $20.46. Perry Ellis International Inc. has a 12 month low of $17.14 and a 12 month high of $29.00. The company has a market capitalization of $270.29 million, a PE ratio of 21.41 and a beta of 0.69.

Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings results on Thursday, May 18th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.11. The business had revenue of $242 million during the quarter, compared to the consensus estimate of $241.81 million. Perry Ellis International had a return on equity of 9.18% and a net margin of 1.55%. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 EPS. On average, equities research analysts forecast that Perry Ellis International Inc. will post $2.13 EPS for the current fiscal year.

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Several research analysts recently commented on the company. FBR & Co reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Perry Ellis International in a research report on Tuesday, July 11th. Zacks Investment Research raised Perry Ellis International from a “sell” rating to a “hold” rating and set a $21.00 target price for the company in a research report on Saturday, May 20th. ValuEngine cut Perry Ellis International from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Wunderlich reaffirmed a “buy” rating and issued a $35.00 target price on shares of Perry Ellis International in a research report on Friday, May 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Perry Ellis International presently has an average rating of “Buy” and a consensus price target of $26.80.

In related news, insider Stanley P. Silverstein sold 1,802 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $19.34, for a total value of $34,850.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 20.20% of the company’s stock.

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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