Perry Ellis International, Inc. (NASDAQ:PERY) – Equities research analysts at KeyCorp increased their Q3 2019 earnings per share (EPS) estimates for Perry Ellis International in a research note issued on Wednesday. KeyCorp analyst E. Yruma now forecasts that the textile maker will post earnings of $0.27 per share for the quarter, up from their previous estimate of $0.26. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Perry Ellis International’s FY2019 earnings at $2.43 EPS.
Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings data on Thursday, November 30th. The textile maker reported $0.25 EPS 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 business had revenue of $198.80 million during the quarter, compared to analysts’ expectations of $199.40 million. During the same period in the previous year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year.
A number of other equities research analysts have also recently commented on PERY. Zacks Investment Research cut Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Ifs Securities reaffirmed an “outperform” rating on shares of Perry Ellis International in a research note on Tuesday, October 31st. B. Riley reaffirmed a “buy” rating on shares of Perry Ellis International in a research note on Wednesday, November 1st. Finally, BidaskClub cut Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Perry Ellis International has an average rating of “Hold” and an average target price of $29.75.
Shares of Perry Ellis International (NASDAQ PERY) traded up $0.07 during trading on Friday, hitting $26.84. The company had a trading volume of 66,059 shares, compared to its average volume of 131,166. The company has a current ratio of 3.56, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. Perry Ellis International has a twelve month low of $16.35 and a twelve month high of $27.27. The firm has a market capitalization of $419.43, a PE ratio of 15.88, a PEG ratio of 3.97 and a beta of 0.60.
Several institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new position in Perry Ellis International during the fourth quarter worth about $183,000. Cornerstone Capital Management Holdings LLC. lifted its holdings in Perry Ellis International by 191.5% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 51,600 shares of the textile maker’s stock worth $1,291,000 after acquiring an additional 33,900 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in Perry Ellis International during the fourth quarter worth about $791,000. Guggenheim Capital LLC lifted its holdings in Perry Ellis International by 36.7% during the fourth quarter. Guggenheim Capital LLC now owns 110,266 shares of the textile maker’s stock worth $2,761,000 after acquiring an additional 29,619 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Perry Ellis International by 141.0% during the fourth quarter. Deutsche Bank AG now owns 28,949 shares of the textile maker’s stock worth $723,000 after acquiring an additional 16,939 shares in the last quarter. 72.49% of the stock is owned by institutional investors and hedge funds.
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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.
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