Perry Ellis International, Inc. (PERY) Receives $27.00 Consensus Target Price from Brokerages

Shares of Perry Ellis International, Inc. (NASDAQ:PERY) have been assigned an average rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $27.00.

Several brokerages have weighed in on PERY. DA Davidson reaffirmed a “neutral” rating on shares of Perry Ellis International in a research note on Thursday, May 31st. Zacks Investment Research downgraded Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. BidaskClub downgraded Perry Ellis International from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. Ifs Securities downgraded Perry Ellis International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 1st. Finally, ValuEngine downgraded Perry Ellis International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 8th.

A number of institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. raised its stake in Perry Ellis International by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 96,074 shares of the textile maker’s stock valued at $2,479,000 after acquiring an additional 2,011 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Perry Ellis International by 3.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 69,106 shares of the textile maker’s stock valued at $1,878,000 after acquiring an additional 2,304 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Perry Ellis International by 19.0% in the 2nd quarter. First Trust Advisors LP now owns 14,682 shares of the textile maker’s stock worth $399,000 after buying an additional 2,341 shares in the last quarter. Northern Trust Corp raised its stake in shares of Perry Ellis International by 0.8% in the 1st quarter. Northern Trust Corp now owns 369,206 shares of the textile maker’s stock worth $9,525,000 after buying an additional 2,829 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Perry Ellis International by 1.5% in the 2nd quarter. American Century Companies Inc. now owns 218,439 shares of the textile maker’s stock worth $5,935,000 after buying an additional 3,278 shares in the last quarter. 72.34% of the stock is currently owned by hedge funds and other institutional investors.

Perry Ellis International opened at $29.10 on Tuesday, Marketbeat.com reports. Perry Ellis International has a 12-month low of $16.35 and a 12-month high of $29.59. The company has a market cap of $463.16 million, a P/E ratio of 14.10 and a beta of 0.42. The company has a quick ratio of 2.56, a current ratio of 4.01 and a debt-to-equity ratio of 0.37.

Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings data on Thursday, May 31st. The textile maker reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.11. Perry Ellis International had a return on equity of 8.97% and a net margin of 6.10%. The business had revenue of $255.00 million during the quarter, compared to analyst estimates of $233.47 million. During the same quarter in the previous year, the firm posted $0.83 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. equities analysts expect that Perry Ellis International will post 1.9 EPS for the current fiscal year.

About Perry Ellis International

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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Analyst Recommendations for Perry Ellis International (NASDAQ:PERY)

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