Zacks Investment Research upgraded shares of Perry Ellis International Inc. (NASDAQ:PERY) from a hold rating to a buy rating in a report released on Friday. They currently have $25.00 price objective on the textile maker’s stock.
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 equities analysts have also recently weighed in on the stock. ValuEngine cut shares of Perry Ellis International from a buy rating to a hold rating in a research note on Friday, June 2nd. Wunderlich reissued a buy rating and issued a $35.00 target price on shares of Perry Ellis International in a research note on Friday, May 19th. TheStreet cut shares of Perry Ellis International from a b- rating to a c+ rating in a research note 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 note on Monday, August 21st. Finally, BidaskClub cut shares of Perry Ellis International from a hold rating to a sell rating in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $28.00.
Shares of Perry Ellis International (PERY) opened at 21.97 on Friday. The stock has a 50 day moving average of $19.71 and a 200-day moving average of $20.19. The firm has a market capitalization of $331.18 million, a PE ratio of 19.24 and a beta of 0.65. Perry Ellis International has a 52 week low of $16.35 and a 52 week high of $29.00.
Perry Ellis International (NASDAQ:PERY) last released its earnings results on Thursday, August 24th. The textile maker reported $0.16 earnings per share for the quarter, beating 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 period last year, the business earned $0.15 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate that Perry Ellis International will post $2.15 earnings per share for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in PERY. BNP Paribas Arbitrage SA lifted its holdings in Perry Ellis International by 42.2% during the 2nd 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 last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Perry Ellis International during the 1st quarter valued at $122,000. SG Americas Securities LLC lifted its holdings in Perry Ellis International by 46.2% during the 1st quarter. SG Americas Securities LLC now owns 6,099 shares of the textile maker’s stock valued at $131,000 after purchasing an additional 1,926 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Perry Ellis International by 3.6% during the 2nd 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 last quarter. Finally, KBC Group NV acquired a new stake in Perry Ellis International during the 2nd quarter valued at $213,000. 71.09% of the stock is owned by institutional investors and hedge funds.
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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