Perry Ellis International (PERY) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Perry Ellis International (NASDAQ:PERY) from a sell rating to a hold rating in a report published on Wednesday.

PERY has been the subject of several other research reports. Zacks Investment Research downgraded shares of Perry Ellis International from a buy rating to a hold rating and set a $28.00 price target for the company. in a research report on Thursday, January 4th. ValuEngine raised shares of Perry Ellis International from a buy rating to a strong-buy rating in a research note on Thursday, February 8th. Finally, DA Davidson initiated coverage on shares of Perry Ellis International in a research note on Thursday, February 8th. They issued a neutral rating and a $28.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $29.75.

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PERY stock opened at $27.09 on Wednesday. Perry Ellis International has a 12 month low of $16.35 and a 12 month high of $28.00. The firm has a market capitalization of $424.45, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 4.91 and a beta of 0.43. The company has a quick ratio of 1.53, a current ratio of 2.78 and a debt-to-equity ratio of 0.25.

Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings results on Friday, March 16th. The textile maker reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. Perry Ellis International had a net margin of 6.48% and a return on equity of 9.55%. The firm had revenue of $227.00 million during the quarter, compared to the consensus estimate of $229.03 million. During the same quarter in the prior year, the firm earned $0.66 EPS. Perry Ellis International’s revenue for the quarter was up 11.3% on a year-over-year basis. equities research analysts forecast that Perry Ellis International will post 1.84 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in PERY. LSV Asset Management acquired a new position in Perry Ellis International in the 4th quarter valued at $108,000. MetLife Investment Advisors LLC acquired a new position in Perry Ellis International in the 4th quarter valued at $183,000. BNP Paribas Arbitrage SA increased its stake in Perry Ellis International by 41.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,924 shares of the textile maker’s stock valued at $187,000 after buying an additional 2,327 shares during the period. The Manufacturers Life Insurance Company increased its stake in Perry Ellis International by 12.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,504 shares of the textile maker’s stock valued at $224,000 after buying an additional 1,263 shares during the period. Finally, First Trust Advisors LP acquired a new position in Perry Ellis International in the 3rd quarter valued at $235,000. 74.36% of the stock is currently owned by institutional investors.

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About Perry Ellis International

Perry Ellis International, Inc designs, sources, markets, and licenses apparel products and accessories. The company operates through Men's Sportswear and Swim, Women's Sportswear, Direct-to-Consumer, and Licensing segments. It offers men's wear, such as career and casual sportswear, golf apparel, sports apparel, swimwear, activewear, and accessories; and women's wear, including dresses, sportswear, swimwear, activewear, and accessories.

Analyst Recommendations for Perry Ellis International (NASDAQ:PERY)

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