Perry Ellis International, Inc. (PERY) Position Lifted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its stake in Perry Ellis International, Inc. (NASDAQ:PERY) by 10.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,802 shares of the textile maker’s stock after acquiring an additional 6,390 shares during the period. Schwab Charles Investment Management Inc. owned 0.42% of Perry Ellis International worth $1,724,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PERY. MetLife Investment Advisors LLC bought a new position in shares of Perry Ellis International in the 4th quarter valued at approximately $183,000. Wells Fargo & Company MN increased its position in Perry Ellis International by 22.8% in the 4th quarter. Wells Fargo & Company MN now owns 19,515 shares of the textile maker’s stock worth $489,000 after buying an additional 3,619 shares during the period. Arizona State Retirement System bought a new position in Perry Ellis International in the 4th quarter worth approximately $529,000. Deutsche Bank AG increased its position in Perry Ellis International by 141.0% in the 4th quarter. Deutsche Bank AG now owns 28,949 shares of the textile maker’s stock worth $723,000 after buying an additional 16,939 shares during the period. Finally, Stone Ridge Asset Management LLC bought a new position in Perry Ellis International in the 4th quarter worth approximately $791,000. 71.47% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on PERY. DA Davidson reaffirmed a “neutral” rating on shares of Perry Ellis International in a research report on Thursday, May 31st. Ifs Securities downgraded Perry Ellis International from an “outperform” rating to a “market perform” rating in a research report on Friday, June 1st. ValuEngine downgraded Perry Ellis International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 8th. Zacks Investment Research raised Perry Ellis International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 22nd. Finally, BidaskClub raised Perry Ellis International from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.33.

Shares of NASDAQ PERY opened at $29.28 on Thursday. The company has a current ratio of 4.01, a quick ratio of 2.56 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $465.38 million, a price-to-earnings ratio of 13.75 and a beta of 0.38. Perry Ellis International, Inc. has a 12 month low of $16.35 and a 12 month high of $29.59.

Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings results on Thursday, May 31st. The textile maker reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.11. The company had revenue of $255.00 million for the quarter, compared to the consensus estimate of $233.47 million. Perry Ellis International had a return on equity of 8.97% and a net margin of 6.10%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 EPS. research analysts forecast that Perry Ellis International, Inc. will post 1.9 earnings per share 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.

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

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