Perry Ellis International Inc. (NASDAQ:PERY) shot up 4.9% during mid-day trading on Wednesday . The stock traded as high as $20.07 and last traded at $20.07, with a volume of 67,055 shares traded. The stock had previously closed at $19.14.

Several research firms have recently issued reports on PERY. Brean Capital began coverage on shares of Perry Ellis International in a research report on Tuesday, June 21st. They set a “buy” rating and a $26.00 price objective for the company. Sidoti began coverage on shares of Perry Ellis International in a research report on Wednesday, June 1st. They set a “buy” rating for the company. Zacks Investment Research raised shares of Perry Ellis International from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, May 24th. Wunderlich reaffirmed a “buy” rating and set a $35.00 price objective on shares of Perry Ellis International in a research report on Friday, May 20th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Perry Ellis International in a research report on Wednesday, April 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Perry Ellis International has an average rating of “Buy” and a consensus price target of $27.83.

The firm’s 50 day moving average price is $20.07 and its 200 day moving average price is $18.77. The company’s market capitalization is $308.05 million.

Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings data on Thursday, May 19th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. During the same period in the previous year, the company earned $0.99 EPS. The business earned $250.90 million during the quarter, compared to analyst estimates of $253.60 million. Perry Ellis International’s revenue was down 1.9% on a year-over-year basis. Equities analysts predict that Perry Ellis International Inc. will post $1.98 EPS for the current year.

In other news, insider John F. Voith sold 3,859 shares of the stock in a transaction on Friday, May 27th. The shares were sold at an average price of $19.72, for a total value of $76,099.48. Following the completion of the sale, the insider now owns 36,797 shares of the company’s stock, valued at $725,636.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

A number of large investors have recently added to or reduced their stakes in PERY. Nationwide Fund Advisors raised 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 last quarter. American Century Companies Inc. raised its stake in Perry Ellis International by 94.5% in the fourth quarter. American Century Companies Inc. now owns 145,741 shares of the company’s stock worth $2,685,000 after buying an additional 70,794 shares during the last quarter. Numeric Investors LLC purchased a new stake in Perry Ellis International during the fourth quarter worth $1,029,000. Oxford Asset Management purchased a new stake in Perry Ellis International during the fourth quarter worth $1,816,000. Finally, GSA Capital Partners LLP raised 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 last quarter.

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.

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