Perry Ellis International Inc. (PERY) Sees Unusually-High Trading Volume
Perry Ellis International Inc. (NASDAQ:PERY) saw an uptick in trading volume on Wednesday . 131,197 shares changed hands during trading, an increase of 68% from the previous session’s volume of 78,247 shares.The stock last traded at $21.26 and had previously closed at $21.42.
A number of research firms have commented on PERY. Zacks Investment Research upgraded Perry Ellis International from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, May 24th. Brean Capital began coverage on Perry Ellis International in a research report on Tuesday, June 21st. They set a “buy” rating and a $26.00 target price on the stock. Sidoti started coverage on Perry Ellis International in a research report on Wednesday, June 1st. They set a “buy” rating on the stock. Wunderlich reissued a “buy” rating and issued a $35.00 price target on shares of Perry Ellis International in a report on Friday, May 20th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $24.00 price target on shares of Perry Ellis International in a report on Thursday, May 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Perry Ellis International presently has a consensus rating of “Buy” and a consensus target price of $27.83.
The company’s 50-day moving average is $21.16 and its 200-day moving average is $19.45. The firm’s market capitalization is $314.86 million.
Perry Ellis International (NASDAQ:PERY) last posted its earnings results on Thursday, May 19th. The company reported $1.01 EPS for the quarter, beating the 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 revenue was down 1.9% compared to the same quarter last year. Equities research analysts predict that Perry Ellis International Inc. will post $1.98 EPS for the current fiscal year.
In related news, major shareholder George Feldenkreis sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $22.05, for a total value of $441,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John F. Voith sold 3,859 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $725,636.84. The disclosure for this sale can be found here.
Other hedge funds have 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 valued at $1,020,000 after buying an additional 14,500 shares in the last quarter. Matarin Capital Management LLC acquired a new stake in Perry Ellis International during the fourth quarter valued at approximately $1,602,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Perry Ellis International by 27.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,325 shares of the company’s stock valued at $1,111,000 after buying an additional 13,100 shares in 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 all levels of retail distribution. It operates through four segments: Men’s Sportswear and Swim, Women’s Sportswear, Direct-to-Consumer and Licensing.
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