IndexIQ Advisors LLC boosted its stake in Perry Ellis International Inc. (NASDAQ:PERY) by 83.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,350 shares of the textile maker’s stock after purchasing an additional 18,325 shares during the period. IndexIQ Advisors LLC owned approximately 0.26% of Perry Ellis International worth $955,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PERY. BNP Paribas Arbitrage SA grew its position in Perry Ellis International by 42.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,597 shares of the textile maker’s stock worth $109,000 after purchasing an additional 1,662 shares during the period. SG Americas Securities LLC grew its position in Perry Ellis International by 46.2% in the 1st quarter. SG Americas Securities LLC now owns 6,099 shares of the textile maker’s stock worth $131,000 after purchasing an additional 1,926 shares during the period. Wells Fargo & Company MN grew its position in Perry Ellis International by 3.6% in the 2nd quarter. Wells Fargo & Company MN now owns 10,282 shares of the textile maker’s stock worth $200,000 after purchasing an additional 359 shares during the period. KBC Group NV bought a new stake in Perry Ellis International in the 2nd quarter worth approximately $213,000. Finally, The Manufacturers Life Insurance Company grew its position in Perry Ellis International by 12.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,504 shares of the textile maker’s stock worth $224,000 after purchasing an additional 1,263 shares during the period. 70.82% of the stock is owned by institutional investors and hedge funds.

In related news, insider Luis S. Paez sold 3,812 shares of Perry Ellis International 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Stanley P. Silverstein sold 13,507 shares of Perry Ellis International stock in a transaction on Tuesday, September 12th. The shares were 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. Insiders own 22.20% of the company’s stock.

A number of equities research analysts have commented on PERY shares. Zacks Investment Research raised shares of Perry Ellis International from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Thursday, September 28th. TheStreet downgraded shares of Perry Ellis International from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. KeyCorp reissued a “hold” rating on shares of Perry Ellis International in a research report on Tuesday, October 31st. Finally, FBR & Co set a $27.00 price objective on shares of Perry Ellis International and gave the company a “buy” rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $28.75.

Shares of Perry Ellis International Inc. (NASDAQ:PERY) opened at $23.39 on Friday. Perry Ellis International Inc. has a 1 year low of $16.35 and a 1 year high of $29.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.88 and a current ratio of 3.17. The stock has a market cap of $362.33, a price-to-earnings ratio of 12.27 and a beta of 0.60.

Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings data on Thursday, August 24th. The textile maker reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $206.60 million during the quarter, compared to the consensus estimate of $204.97 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. sell-side analysts forecast that Perry Ellis International Inc. will post 2.15 earnings per share for the current year.

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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.

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

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