Zacks Investment Research downgraded shares of Perry Ellis International (NASDAQ:PERY) from a hold rating to a sell rating in a research note issued to investors on Wednesday 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. “
PERY has been the subject of a number of other reports. BidaskClub lowered shares of Perry Ellis International from a hold rating to a sell rating in a research note on Friday, January 26th. KeyCorp reissued a hold rating on shares of Perry Ellis International in a research note on Tuesday, October 31st. B. Riley restated a buy rating on shares of Perry Ellis International in a report on Wednesday, November 1st. FBR & Co set a $27.00 price objective on Perry Ellis International and gave the company a buy rating in a report on Tuesday, October 17th. Finally, Ifs Securities restated an outperform rating on shares of Perry Ellis International in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $30.33.
Shares of Perry Ellis International (PERY) opened at $23.98 on Wednesday. The stock has a market cap of $381.99, a price-to-earnings ratio of 12.83 and a beta of 0.62. Perry Ellis International has a one year low of $16.35 and a one year high of $26.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 3.56.
Perry Ellis International (NASDAQ:PERY) last issued its earnings results on Thursday, November 30th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The firm had revenue of $198.80 million during 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 was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 earnings per share. sell-side analysts predict that Perry Ellis International will post 2.15 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its holdings in shares of Perry Ellis International by 41.6% in the third quarter. BNP Paribas Arbitrage SA now owns 7,924 shares of the textile maker’s stock valued at $187,000 after acquiring an additional 2,327 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Perry Ellis International in the third quarter valued at about $235,000. Algert Global LLC bought a new stake in shares of Perry Ellis International in the third quarter valued at about $243,000. Wells Fargo & Company MN raised its holdings in shares of Perry Ellis International by 3.6% in the second quarter. Wells Fargo & Company MN now owns 10,282 shares of the textile maker’s stock valued at $200,000 after acquiring an additional 359 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Perry Ellis International in the third quarter valued at about $244,000. Hedge funds and other institutional investors own 72.82% 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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