Perry Ellis International Inc. (PERY) Sees Strong Trading Volume
Shares of Perry Ellis International Inc. (NASDAQ:PERY) saw an uptick in trading volume on Friday . 84,068 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 80,943 shares.The stock last traded at $20.49 and had previously closed at $20.43.
A number of research firms have issued reports on PERY. Zacks Investment Research downgraded Perry Ellis International from a “hold” rating to a “sell” rating in a report on Friday, March 11th. Wunderlich reiterated a “buy” rating and issued a $35.00 price objective on shares of Perry Ellis International in a report on Friday, May 20th. Deutsche Bank AG reissued a “hold” rating and issued a $24.00 target price on shares of Perry Ellis International in a research note on Thursday, May 19th. Brean Capital initiated coverage on Perry Ellis International in a research note on Tuesday, June 21st. They issued a “buy” rating and a $26.00 target price on the stock. Finally, Sidoti initiated coverage on Perry Ellis International in a research note on Wednesday, June 1st. They issued a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Perry Ellis International has an average rating of “Buy” and a consensus price target of $27.83.
The firm’s market capitalization is $303.16 million. The stock’s 50-day moving average price is $20.13 and its 200-day moving average price is $18.78.
Perry Ellis International (NASDAQ:PERY) last posted its quarterly earnings results on Thursday, May 19th. The company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.08. During the same quarter in the prior year, the business earned $0.99 earnings per share. The business earned $250.90 million during the quarter, compared to analyst estimates of $253.60 million. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts expect that Perry Ellis International Inc. will post $1.98 earnings per share for the current year.
In other Perry Ellis International news, insider John F. Voith sold 3,859 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $19.72, for a total value of $76,099.48. Following the sale, the insider now directly owns 36,797 shares in the company, valued at $725,636.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP boosted its stake in Perry Ellis International by 35.5% in the fourth quarter. GSA Capital Partners LLP now owns 55,360 shares of the company’s stock worth $1,020,000 after buying an additional 14,500 shares during the period. Numeric Investors LLC purchased a new stake in Perry Ellis International during the fourth quarter worth approximately $1,029,000. Nationwide Fund Advisors boosted its stake in Perry Ellis International by 504.9% in the fourth quarter. Nationwide Fund Advisors now owns 72,987 shares of the company’s stock worth $1,344,000 after buying an additional 60,922 shares during the period. Principal Financial Group Inc. boosted its stake in Perry Ellis International by 5.2% in the fourth quarter. Principal Financial Group Inc. now owns 77,863 shares of the company’s stock worth $1,434,000 after buying an additional 3,821 shares during the period. Finally, Matarin Capital Management LLC purchased a new stake in Perry Ellis International during the fourth quarter worth approximately $1,602,000.
Perry Ellis International, Inc is an apparel company. The Company designs, sources, markets and licenses its products nationally and internationally at multiple price points and across retail distribution. The Company’s operating segments include Men’s Sportswear and Swim, Women’s Sportswear, Direct-to-Consumer and Licensing.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.