Perry Ellis International Inc. (NASDAQ:PERY) rose 1.8% on Friday . The stock traded as high as $19.07 and last traded at $18.95, with a volume of 55,966 shares trading hands. The stock had previously closed at $18.61.

PERY has been the topic of several research reports. Zacks Investment Research lowered Perry Ellis International from a “buy” rating to a “hold” rating in a research report on Wednesday. Wunderlich reiterated a “buy” rating and set a $35.00 price objective on shares of Perry Ellis International in a research note on Friday, May 20th. Deutsche Bank AG reiterated a “hold” rating and set a $26.00 price objective on shares of Perry Ellis International in a research note on Thursday, August 18th. Brean Capital lowered their price objective on Perry Ellis International from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, August 19th. Finally, Sidoti started coverage on Perry Ellis International in a research note on Wednesday, June 1st. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $27.20.

The stock’s 50-day moving average price is $20.89 and its 200 day moving average price is $19.48. The company’s market capitalization is $282.16 million.

Perry Ellis International (NASDAQ:PERY) last issued its quarterly earnings results on Thursday, August 18th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.14. The business earned $202 million during the quarter, compared to analysts’ expectations of $197.63 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities analysts forecast 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 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Oscar Feldenkreis sold 25,000 shares of the stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $21.97, for a total value of $549,250.00. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Perry Ellis International stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Perry Ellis International Inc. (NASDAQ:PERY) by 27.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 approximately 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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