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.
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.
ILLEGAL ACTIVITY WARNING: This story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/04/08/perry-ellis-international-pery-upgraded-to-hold-by-bidaskclub.html.
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.
Receive News & Ratings for Perry Ellis International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perry Ellis International and related companies with MarketBeat.com's FREE daily email newsletter.