KeyCorp Weighs in on Perry Ellis International, Inc.’s Q4 2019 Earnings (PERY)

Perry Ellis International, Inc. (NASDAQ:PERY) – Stock analysts at KeyCorp raised their Q4 2019 earnings estimates for shares of Perry Ellis International in a report issued on Wednesday. KeyCorp analyst E. Yruma now anticipates that the textile maker will post earnings of $0.98 per share for the quarter, up from their previous forecast of $0.97. KeyCorp currently has a “Hold” rating on the stock.

Perry Ellis International (NASDAQ:PERY) last posted its earnings results on Thursday, November 30th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $199.40 million. During the same quarter in the prior year, the company earned $0.23 EPS. Perry Ellis International’s revenue was up 2.5% on a year-over-year basis.

A number of other research firms have also issued reports on PERY. DA Davidson assumed coverage on Perry Ellis International in a research note on Thursday, February 8th. They issued a “neutral” rating and a $28.00 target price on the stock. ValuEngine raised Perry Ellis International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. BidaskClub raised Perry Ellis International from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Finally, Zacks Investment Research raised Perry Ellis International from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $29.75.

Perry Ellis International (NASDAQ:PERY) traded up $0.07 during mid-day trading on Monday, reaching $26.84. The company had a trading volume of 66,000 shares, compared to its average volume of 101,788. Perry Ellis International has a 12-month low of $16.35 and a 12-month high of $27.27. The company has a current ratio of 3.56, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a market cap of $420.53, a price-to-earnings ratio of 15.88, a P/E/G ratio of 3.98 and a beta of 0.60.

Institutional investors and hedge funds have recently modified their holdings of the business. Prudential Financial Inc. raised its holdings in Perry Ellis International by 19.7% in the 3rd quarter. Prudential Financial Inc. now owns 159,903 shares of the textile maker’s stock valued at $3,783,000 after acquiring an additional 26,370 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its holdings in Perry Ellis International by 115.9% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 17,700 shares of the textile maker’s stock valued at $418,000 after acquiring an additional 9,500 shares during the last quarter. California Public Employees Retirement System raised its holdings in Perry Ellis International by 16.1% in the 3rd quarter. California Public Employees Retirement System now owns 65,156 shares of the textile maker’s stock valued at $1,542,000 after acquiring an additional 9,056 shares during the last quarter. State Street Corp raised its holdings in Perry Ellis International by 5.3% in the 2nd quarter. State Street Corp now owns 280,040 shares of the textile maker’s stock valued at $5,448,000 after acquiring an additional 13,982 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Perry Ellis International by 54.6% in the 3rd quarter. Wells Fargo & Company MN now owns 15,896 shares of the textile maker’s stock valued at $376,000 after acquiring an additional 5,614 shares during the last quarter. Institutional investors own 76.42% 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.

Earnings History and Estimates for Perry Ellis International (NASDAQ:PERY)

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