Parametric Portfolio Associates LLC Increases Position in Perry Ellis International Inc. (PERY)

Parametric Portfolio Associates LLC increased its stake in Perry Ellis International Inc. (NASDAQ:PERY) by 24.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,603 shares of the textile maker’s stock after acquiring an additional 16,521 shares during the period. Parametric Portfolio Associates LLC owned about 0.56% of Perry Ellis International worth $1,627,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew 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 acquiring an additional 14,127 shares in the last quarter. JPMorgan Chase & Co. grew 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 acquiring an additional 15,555 shares in the last quarter. Northern Trust Corp grew 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 acquiring an additional 6,643 shares in the last quarter. ClariVest Asset Management LLC grew 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 acquiring an additional 43,000 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Perry Ellis International by 2.9% in the second quarter. American Century Companies Inc. now owns 228,635 shares of the textile maker’s stock worth $4,449,000 after acquiring an additional 6,399 shares in the last quarter. Institutional investors own 71.18% of the company’s stock.

Several analysts have weighed in on PERY shares. Zacks Investment Research raised shares of Perry Ellis International from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, September 1st. TheStreet downgraded shares of Perry Ellis International from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Finally, FBR & Co set a $25.00 price target on shares of Perry Ellis International and gave the stock a “buy” rating in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $28.75.

TRADEMARK VIOLATION WARNING: “Parametric Portfolio Associates LLC Increases Position in Perry Ellis International Inc. (PERY)” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this news story can be viewed at https://ledgergazette.com/2017/11/13/parametric-portfolio-associates-llc-increases-position-in-perry-ellis-international-inc-pery.html.

Perry Ellis International Inc. (NASDAQ:PERY) opened at $23.39 on Monday. The company has a market cap of $367.52, a PE ratio of 12.44 and a beta of 0.60. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.88 and a current ratio of 3.17. Perry Ellis International Inc. has a one year low of $16.35 and a one year high of $29.00.

Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings data on Thursday, August 24th. The textile maker reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06. The firm had revenue of $206.60 million during the quarter, compared to the consensus estimate of $204.97 million. Perry Ellis International had a net margin of 2.08% and a return on equity of 9.05%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share. sell-side analysts predict that Perry Ellis International Inc. will post 2.15 EPS for the current year.

In other news, insider Stanley P. Silverstein sold 13,507 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $22.11, for a total transaction of $298,639.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Luis S. Paez sold 3,812 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $21.55, for a total transaction of $82,148.60. The disclosure for this sale can be found here. Corporate 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.

Want to see what other hedge funds are holding PERY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perry Ellis International Inc. (NASDAQ:PERY).

Institutional Ownership by Quarter 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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply