Perry Ellis International Inc. (NASDAQ:PERY) shares saw unusually-strong trading volume on Thursday . Approximately 72,271 shares changed hands during trading, a decline of 19% from the previous session’s volume of 89,102 shares.The stock last traded at $21.95 and had previously closed at $22.02.

Several equities research analysts have issued reports on PERY shares. Deutsche Bank AG reaffirmed a “hold” rating and set a $24.00 price target on shares of Perry Ellis International in a research note on Thursday, May 19th. Sidoti started coverage on shares of Perry Ellis International in a research note on Wednesday, June 1st. They set a “buy” rating on the stock. Zacks Investment Research cut shares of Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Saturday, May 21st. Wunderlich reaffirmed a “buy” rating and set a $35.00 price target on shares of Perry Ellis International in a research note on Friday, May 20th. Finally, Brean Capital started coverage on shares of Perry Ellis International in a research note on Tuesday, June 21st. They set a “buy” rating and a $26.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $27.83.

The firm has a 50-day moving average of $20.39 and a 200 day moving average of $18.86. The company’s market cap is $325.38 million.

Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings results on Thursday, May 19th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. During the same quarter last year, the firm posted $0.99 earnings per share. The business earned $250.90 million during the quarter, compared to the consensus estimate of $253.60 million. Perry Ellis International’s revenue was down 1.9% compared to the same quarter last year. Equities research analysts anticipate 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 business’s stock in a transaction dated Friday, May 27th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Other large investors have modified their holdings of the company. Nationwide Fund Advisors boosted its stake in shares of Perry Ellis International by 504.9% in the fourth quarter. Nationwide Fund Advisors now owns 72,987 shares of the company’s stock valued at $1,344,000 after buying an additional 60,922 shares during the period. American Century Companies Inc. boosted its stake in shares of Perry Ellis International by 94.5% in the fourth quarter. American Century Companies Inc. now owns 145,741 shares of the company’s stock valued at $2,685,000 after buying an additional 70,794 shares during the period. Numeric Investors LLC acquired a new stake in shares of Perry Ellis International during the fourth quarter valued at approximately $1,029,000. Oxford Asset Management acquired a new stake in shares of Perry Ellis International during the fourth quarter valued at approximately $1,816,000. Finally, GSA Capital Partners LLP boosted its stake in shares of Perry Ellis International by 35.5% in the fourth quarter. GSA Capital Partners LLP now owns 55,360 shares of the company’s stock valued at $1,020,000 after buying an additional 14,500 shares during the period.

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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