Zacks Investment Research downgraded shares of Perry Ellis International (NASDAQ:PERY) from a buy rating to a hold rating in a research note issued to investors on Friday 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. “
Other equities analysts also recently issued research reports about the company. FBR & Co set a $27.00 target price on Perry Ellis International and gave the stock a buy rating in a research note on Tuesday, October 17th. B. Riley restated a buy rating on shares of Perry Ellis International in a research note on Wednesday, November 1st. BidaskClub upgraded Perry Ellis International from a hold rating to a buy rating in a research note on Friday, December 22nd. KeyCorp restated a hold rating on shares of Perry Ellis International in a research note on Tuesday, October 31st. Finally, Ifs Securities restated an outperform rating on shares of Perry Ellis International in a research note on Tuesday, October 31st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $30.00.
Shares of Perry Ellis International (PERY) traded up $0.73 during midday trading on Friday, hitting $25.99. The stock had a trading volume of 105,269 shares, compared to its average volume of 46,613. Perry Ellis International has a 12-month low of $16.35 and a 12-month high of $26.09. The stock has a market cap of $395.77, a P/E ratio of 15.38 and a beta of 0.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.56 and a quick ratio of 2.13.
Perry Ellis International (NASDAQ:PERY) last announced its earnings results on Thursday, November 30th. The textile maker reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. Perry Ellis International had a return on equity of 8.95% and a net margin of 3.05%. The firm had revenue of $198.80 million for the quarter, compared to the consensus estimate of $199.40 million. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. research analysts expect that Perry Ellis International will post 2.15 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its stake in Perry Ellis International by 10.6% in the fourth quarter. Acadian Asset Management LLC now owns 150,493 shares of the textile maker’s stock valued at $3,768,000 after purchasing an additional 14,429 shares during the last quarter. Bank of Montreal Can purchased a new position in Perry Ellis International in the fourth quarter valued at approximately $1,241,000. Public Employees Retirement System of Ohio lifted its stake in Perry Ellis International by 19.8% in the third quarter. Public Employees Retirement System of Ohio now owns 29,853 shares of the textile maker’s stock valued at $706,000 after purchasing an additional 4,939 shares during the last quarter. Algert Global LLC purchased a new position in Perry Ellis International in the third quarter valued at approximately $243,000. Finally, California Public Employees Retirement System lifted its stake in Perry Ellis International by 16.1% in the third quarter. California Public Employees Retirement System now owns 65,156 shares of the textile maker’s stock valued at $1,542,000 after purchasing an additional 9,056 shares during the last quarter. Institutional investors and hedge funds own 72.62% of the company’s stock.
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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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