Perry Ellis International (PERY) Downgraded by Zacks Investment Research to “Hold”

Perry Ellis International (NASDAQ:PERY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

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 research firms have also weighed in on PERY. BidaskClub upgraded shares of Perry Ellis International from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. KeyCorp reiterated a “neutral” rating on shares of Perry Ellis International in a report on Friday, September 29th. 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 shares of Perry Ellis International and gave the stock a “buy” rating in a report on Tuesday, October 17th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Perry Ellis International has a consensus rating of “Buy” and an average target price of $30.00.

Shares of Perry Ellis International (NASDAQ PERY) traded up $0.05 during midday trading on Friday, reaching $25.26. 58,300 shares of the company traded hands, compared to its average volume of 59,800. Perry Ellis International has a fifty-two week low of $16.35 and a fifty-two week high of $25.99. The firm has a market capitalization of $394.99, a price-to-earnings ratio of 14.95 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 posted its earnings results on Thursday, November 30th. The textile maker reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $198.80 million for the quarter, compared to analyst estimates of $199.40 million. Perry Ellis International had a net margin of 3.05% and a return on equity of 8.95%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. equities research analysts anticipate that Perry Ellis International will post 2.15 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its holdings in shares of Perry Ellis International by 42.2% during the second quarter. BNP Paribas Arbitrage SA now owns 5,597 shares of the textile maker’s stock worth $109,000 after acquiring an additional 1,662 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Perry Ellis International by 3.6% during the second quarter. Wells Fargo & Company MN now owns 10,282 shares of the textile maker’s stock worth $200,000 after acquiring an additional 359 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Perry Ellis International by 12.3% during the second quarter. The Manufacturers Life Insurance Company now owns 11,504 shares of the textile maker’s stock worth $224,000 after acquiring an additional 1,263 shares during the period. First Trust Advisors LP acquired a new stake in shares of Perry Ellis International during the third quarter worth $235,000. Finally, Algert Global LLC acquired a new stake in shares of Perry Ellis International during the third quarter worth $243,000. Institutional investors and hedge funds own 72.62% of the company’s stock.

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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.

Analyst Recommendations for Perry Ellis International (NASDAQ:PERY)

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