Perry Ellis International Inc. (PERY) Sees Large Volume Increase
Perry Ellis International Inc. (NASDAQ:PERY) shares saw strong trading volume on Thursday . 72,271 shares traded hands during mid-day 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.
A number of research analysts have recently issued reports on the company. Sidoti assumed coverage on Perry Ellis International in a report on Wednesday, June 1st. They issued a “buy” rating on the stock. Zacks Investment Research raised Perry Ellis International from a “sell” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Wednesday, May 11th. Deutsche Bank AG reissued a “hold” rating on shares of Perry Ellis International in a report on Wednesday, April 13th. Brean Capital assumed coverage on Perry Ellis International in a report on Tuesday, June 21st. They issued a “buy” rating and a $26.00 target price on the stock. Finally, Wunderlich reissued a “buy” rating and issued a $35.00 target price on shares of Perry Ellis International in a report on Friday, May 20th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Perry Ellis International currently has an average rating of “Buy” and an average price target of $27.83.
The firm has a 50-day moving average price of $20.46 and a 200 day moving average price of $18.88. The firm’s market cap is $325.38 million.
Perry Ellis International (NASDAQ:PERY) last released its earnings results on Thursday, May 19th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. The firm had revenue of $250.90 million for the quarter, compared to the consensus estimate of $253.60 million. During the same period in the prior year, the business earned $0.99 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities research analysts expect that Perry Ellis International Inc. will post $1.98 EPS for the current fiscal year.
In other Perry Ellis International news, 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 transaction of $549,250.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased 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 in the last quarter. Numeric Investors LLC purchased a new position in Perry Ellis International during the fourth quarter worth approximately $1,029,000. Nationwide Fund Advisors increased its position in Perry Ellis International by 504.9% in the fourth quarter. Nationwide Fund Advisors now owns 72,987 shares of the company’s stock worth $1,344,000 after buying an additional 60,922 shares in the last quarter. Matarin Capital Management LLC purchased a new position in Perry Ellis International during the fourth quarter worth approximately $1,602,000. Finally, Oxford Asset Management purchased a new position in Perry Ellis International during the fourth quarter worth approximately $1,816,000.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.