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

A number of research analysts have weighed in on PERY shares. Deutsche Bank AG reissued a “hold” rating and set a $24.00 price target on shares of Perry Ellis International in a research note on Thursday, May 19th. Zacks Investment Research lowered Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st. Sidoti started coverage on Perry Ellis International in a research note on Wednesday, June 1st. They set a “buy” rating on the stock. Wunderlich reissued 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 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $28.00.

The stock’s market cap is $280.50 million. The firm has a 50-day moving average of $21.10 and a 200 day moving average of $19.45.

Perry Ellis International (NASDAQ:PERY) last announced its earnings results on Thursday, August 18th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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. During the same period in the previous year, the firm earned $0.31 EPS. Perry Ellis International’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, equities research analysts predict that Perry Ellis International Inc. will post $1.97 earnings per share for the current fiscal year.

In other Perry Ellis International news, insider John F. Voith sold 3,859 shares of Perry Ellis International 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 transaction, the insider now owns 36,797 shares in the company, valued at $725,636.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Oscar Feldenkreis sold 25,000 shares of Perry Ellis International stock in a transaction that occurred on Thursday, July 14th. The stock was 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.

An institutional investor recently raised its position in Perry Ellis International stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in Perry Ellis International Inc. (NASDAQ:PERY) by 27.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,325 shares of the company’s stock after buying an additional 13,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.40% of Perry Ellis International worth $1,111,000 as of its most recent SEC filing.

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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