American International Group Inc. Sells 1,966 Shares of Perry Ellis International, Inc. (PERY)

American International Group Inc. cut its holdings in shares of Perry Ellis International, Inc. (NASDAQ:PERY) by 19.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,189 shares of the textile maker’s stock after selling 1,966 shares during the quarter. American International Group Inc. owned 0.05% of Perry Ellis International worth $211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Perry Ellis International by 10.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 66,802 shares of the textile maker’s stock worth $1,724,000 after purchasing an additional 6,390 shares during the period. LSV Asset Management increased its stake in Perry Ellis International by 649.3% in the first quarter. LSV Asset Management now owns 32,400 shares of the textile maker’s stock valued at $835,000 after acquiring an additional 28,076 shares during the last quarter. Victory Capital Management Inc. increased its stake in Perry Ellis International by 15.0% in the first quarter. Victory Capital Management Inc. now owns 62,871 shares of the textile maker’s stock valued at $1,622,000 after acquiring an additional 8,211 shares during the last quarter. Mackay Shields LLC bought a new position in Perry Ellis International in the first quarter valued at approximately $1,022,000. Finally, MetLife Investment Advisors LLC bought a new position in Perry Ellis International in the fourth quarter valued at approximately $183,000. 71.80% of the stock is currently owned by institutional investors.

PERY has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Perry Ellis International from a “sell” rating to a “hold” rating in a research note on Friday, March 2nd. BidaskClub raised shares of Perry Ellis International from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. ValuEngine cut shares of Perry Ellis International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 8th. Sidoti cut shares of Perry Ellis International from a “buy” rating to a “neutral” rating in a research note on Friday, June 1st. Finally, Ifs Securities cut shares of Perry Ellis International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 1st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $28.33.

Shares of Perry Ellis International opened at $27.97 on Friday, MarketBeat.com reports. The company has a market capitalization of $439.99 million, a P/E ratio of 13.13, a PEG ratio of 4.90 and a beta of 0.40. The company has a current ratio of 4.01, a quick ratio of 2.56 and a debt-to-equity ratio of 0.37. Perry Ellis International, Inc. has a 1 year low of $16.35 and a 1 year high of $28.54.

Perry Ellis International (NASDAQ:PERY) last posted its earnings results on Thursday, May 31st. The textile maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.11. The firm had revenue of $255.00 million for the quarter, compared to analysts’ expectations of $233.47 million. Perry Ellis International had a net margin of 6.10% and a return on equity of 8.97%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. equities analysts predict that Perry Ellis International, Inc. will post 1.89 EPS for the current fiscal year.

Perry Ellis International Profile

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

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Institutional Ownership by Quarter for Perry Ellis International (NASDAQ:PERY)

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