Zacks Investment Research cut shares of Perry Ellis International Inc. (NASDAQ:PERY) from a buy rating to a hold rating in a research note released on Thursday morning.

According to Zacks, “Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men’s and women’s apparel, accessories, and fragrances. The company’s collection of dress and casual shirts, golf sportswear, sweaters, dress and casual pants and shorts, jeans wear, active wear and men’s and women’s swimwear is available through all major levels of retail distribution. The company, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands including Perry Ellis, Jantzen, Cubavera, Munsingwear, Savane, Original Penguin, Grand Slam, Natural Issue, Pro Player, the Havanera Co., Axis, Tricots St. Raphael, Gotcha, Girl Star and MCD. The company enhances its roster of brands by licensing trademarks from third parties including Dockers for outerwear, Nike and JAG for swimwear, and PING and PGA TOUR for golf apparel. “

Several other analysts have also recently weighed in on PERY. KeyCorp reiterated a hold rating on shares of Perry Ellis International in a research note on Thursday, August 24th. BidaskClub cut shares of Perry Ellis International from a hold rating to a sell rating in a research report on Friday, August 18th. TheStreet cut shares of Perry Ellis International from a b- rating to a c+ rating in a research report on Friday, August 18th. FBR & Co set a $25.00 target price on shares of Perry Ellis International and gave the company a buy rating in a research report on Monday, August 21st. Finally, ValuEngine cut shares of Perry Ellis International from a buy rating to a hold rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $27.75.

Perry Ellis International (NASDAQ PERY) traded down 0.32% on Thursday, reaching $21.76. 26,572 shares of the company traded hands. Perry Ellis International has a 52-week low of $16.35 and a 52-week high of $29.00. The firm has a market cap of $328.01 million, a P/E ratio of 19.05 and a beta of 0.69. The stock has a 50-day moving average price of $19.31 and a 200-day moving average price of $20.19.

Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings data on Thursday, August 24th. The textile maker reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.06. Perry Ellis International had a net margin of 2.08% and a return on equity of 9.05%. The business had revenue of $206.60 million during the quarter, compared to analysts’ expectations of $204.97 million. During the same quarter in the previous year, the company earned $0.15 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Analysts anticipate that Perry Ellis International will post $2.15 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Perry Ellis International Inc. (PERY) Lowered to Hold at Zacks Investment Research” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.watchlistnews.com/perry-ellis-international-inc-pery-lowered-to-hold-at-zacks-investment-research/1536475.html.

A number of institutional investors have recently added to or reduced their stakes in PERY. Vanguard Group Inc. boosted its position in Perry Ellis International by 2.1% in the second quarter. Vanguard Group Inc. now owns 678,254 shares of the textile maker’s stock worth $13,199,000 after buying an additional 14,127 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Perry Ellis International by 3.9% in the second quarter. JPMorgan Chase & Co. now owns 414,355 shares of the textile maker’s stock worth $8,064,000 after buying an additional 15,555 shares in the last quarter. Northern Trust Corp boosted its position in Perry Ellis International by 1.8% in the second quarter. Northern Trust Corp now owns 366,702 shares of the textile maker’s stock worth $7,137,000 after buying an additional 6,643 shares in the last quarter. State Street Corp boosted its position in Perry Ellis International by 5.3% in the second quarter. State Street Corp now owns 280,040 shares of the textile maker’s stock worth $5,448,000 after buying an additional 13,982 shares in the last quarter. Finally, ClariVest Asset Management LLC boosted its position in Perry Ellis International by 19.4% in the second quarter. ClariVest Asset Management LLC now owns 264,941 shares of the textile maker’s stock worth $5,156,000 after buying an additional 43,000 shares in the last quarter. Institutional investors and hedge funds own 71.09% 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.

Analyst Recommendations for Perry Ellis International (NASDAQ:PERY)

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