Matarin Capital Management LLC bought a new stake in Perry Ellis International (NASDAQ:PERY) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 111,522 shares of the textile maker’s stock, valued at approximately $2,877,000. Matarin Capital Management LLC owned approximately 0.70% of Perry Ellis International at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of PERY. Royce & Associates LP acquired a new position in shares of Perry Ellis International in the 4th quarter valued at $6,165,000. Kennedy Capital Management Inc. boosted its holdings in shares of Perry Ellis International by 69.0% in the 4th quarter. Kennedy Capital Management Inc. now owns 178,475 shares of the textile maker’s stock valued at $4,469,000 after buying an additional 72,871 shares in the last quarter. Delphi Management Inc. MA acquired a new position in shares of Perry Ellis International in the 4th quarter valued at $1,720,000. Alliancebernstein L.P. acquired a new position in shares of Perry Ellis International in the 4th quarter valued at $1,708,000. Finally, BlackRock Inc. boosted its holdings in shares of Perry Ellis International by 2.6% in the 4th quarter. BlackRock Inc. now owns 2,058,232 shares of the textile maker’s stock valued at $51,537,000 after buying an additional 51,502 shares in the last quarter. Institutional investors and hedge funds own 71.91% of the company’s stock.
Several brokerages have recently issued reports on PERY. Zacks Investment Research upgraded shares of Perry Ellis International from a “strong sell” rating to a “hold” rating in a report on Tuesday. ValuEngine cut shares of Perry Ellis International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 8th. BidaskClub upgraded shares of Perry Ellis International from a “sell” rating to a “hold” rating in a report on Wednesday, April 4th. Finally, DA Davidson began coverage on shares of Perry Ellis International in a report on Thursday, February 8th. They issued a “neutral” rating and a $28.00 target price for the company. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $28.00.
Shares of NASDAQ:PERY opened at $26.85 on Friday. The firm has a market cap of $426.56 million, a P/E ratio of 12.61 and a beta of 0.44. 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 has a 1-year low of $16.35 and a 1-year high of $28.00.
Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings results on Friday, March 16th. The textile maker reported $0.88 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.88. The firm had revenue of $227.00 million during the quarter, compared to analysts’ expectations of $229.03 million. Perry Ellis International had a net margin of 6.48% and a return on equity of 9.55%. Perry Ellis International’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. research analysts expect that Perry Ellis International will post 1.83 earnings per share for the current fiscal year.
Perry Ellis International Profile
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.
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