Perry Ellis International Inc. (NASDAQ:PERY) shares were down 10.6% during trading on Thursday . The company traded as low as $18.81 and last traded at $19.01, with a volume of 223,817 shares changing hands. The stock had previously closed at $21.26.

A number of research analysts recently commented on PERY shares. Sidoti started coverage on shares of Perry Ellis International in a research note on Wednesday, June 1st. They issued a “buy” rating on the stock. Deutsche Bank AG reiterated a “hold” rating and issued a $26.00 price target on shares of Perry Ellis International in a research note on Thursday. Zacks Investment Research upgraded shares of Perry Ellis International from a “sell” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, May 11th. Brean Capital started coverage on shares of Perry Ellis International in a research note on Tuesday, June 21st. They issued a “buy” rating and a $26.00 price target on the stock. Finally, Wunderlich reiterated a “buy” rating and issued a $35.00 price target on shares of Perry Ellis International in a research note on Friday, May 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $28.17.

The firm’s market cap is $282.72 million. The stock has a 50-day moving average price of $21.16 and a 200 day moving average price of $19.45.

Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings results on Thursday, August 18th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.14. The firm had revenue of $202 million for the quarter, compared to the consensus estimate of $197.63 million. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. Equities research analysts expect that Perry Ellis International Inc. will post $1.98 earnings per share for the current year.

In related news, major shareholder George Feldenkreis sold 20,000 shares of the firm’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $22.05, for a total transaction of $441,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Oscar Feldenkreis sold 25,000 shares of the firm’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $21.97, for a total transaction of $549,250.00. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. raised its position 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 worth $1,111,000 after buying an additional 13,100 shares during the last quarter. Matarin Capital Management LLC purchased a new position in Perry Ellis International during the fourth quarter worth $1,602,000. Finally, GSA Capital Partners LLP raised its position 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 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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