Parametric Portfolio Associates LLC boosted its holdings in shares of Perry Ellis International Inc. (NASDAQ:PERY) by 24.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,603 shares of the textile maker’s stock after purchasing an additional 16,521 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.56% of Perry Ellis International worth $1,627,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its holdings in shares of 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 buying an additional 1,662 shares in the last quarter. Wells Fargo & Company MN increased 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 in the last quarter. KBC Group NV acquired a new stake in shares of Perry Ellis International in the 2nd quarter valued at $213,000. Financial Consulate Inc. increased its stake in shares of Perry Ellis International by 46.1% in the 2nd quarter. Financial Consulate Inc. now owns 15,576 shares of the textile maker’s stock valued at $303,000 after buying an additional 4,915 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Perry Ellis International in the 2nd quarter valued at $333,000. Institutional investors own 71.76% of the company’s stock.
Shares of Perry Ellis International Inc. (NASDAQ PERY) opened at $24.78 on Wednesday. The company has a current ratio of 3.17, a quick ratio of 1.88 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $389.52, a P/E ratio of 13.19 and a beta of 0.60. Perry Ellis International Inc. has a 1-year low of $16.35 and a 1-year high of $29.00.
Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings results on Thursday, August 24th. The textile maker reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. The business had revenue of $206.60 million during the quarter, compared to analysts’ expectations of $204.97 million. Perry Ellis International had a return on equity of 9.05% and a net margin of 2.08%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 earnings per share. equities research analysts expect that Perry Ellis International Inc. will post 2.14 EPS for the current year.
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In other Perry Ellis International news, insider Stanley P. Silverstein sold 13,507 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total transaction of $298,639.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Luis S. Paez sold 3,812 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $21.55, for a total value of $82,148.60. The disclosure for this sale can be found here. 20.20% of the stock is owned by corporate insiders.
Several research firms have recently issued reports on PERY. KeyCorp restated a “neutral” rating on shares of Perry Ellis International in a research report on Friday, September 29th. Zacks Investment Research upgraded Perry Ellis International from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Thursday, September 28th. Ifs Securities reiterated an “outperform” rating on shares of Perry Ellis International in a report on Tuesday, October 31st. B. Riley reiterated a “buy” rating on shares of Perry Ellis International in a report on Wednesday, November 1st. Finally, FBR & Co set a $27.00 target price on Perry Ellis International and gave the stock a “buy” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $29.33.
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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