Legal & General Group Plc reduced its stake in Perry Ellis International Inc. (NASDAQ:PERY) by 0.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 19,827 shares of the textile maker’s stock after selling 129 shares during the period. Legal & General Group Plc’s holdings in Perry Ellis International were worth $426,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PERY. JPMorgan Chase & Co. boosted its stake in shares of Perry Ellis International by 62.6% in the first quarter. JPMorgan Chase & Co. now owns 398,800 shares of the textile maker’s stock valued at $8,566,000 after buying an additional 153,525 shares in the last quarter. State Street Corp boosted its stake in shares of Perry Ellis International by 9.5% in the fourth quarter. State Street Corp now owns 249,049 shares of the textile maker’s stock valued at $6,204,000 after buying an additional 21,505 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Perry Ellis International by 2.7% in the first quarter. American Century Companies Inc. now owns 222,236 shares of the textile maker’s stock valued at $4,774,000 after buying an additional 5,936 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in shares of Perry Ellis International by 23.4% in the first quarter. ClariVest Asset Management LLC now owns 221,941 shares of the textile maker’s stock valued at $4,768,000 after buying an additional 42,089 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Perry Ellis International by 2.5% in the first quarter. Acadian Asset Management LLC now owns 202,040 shares of the textile maker’s stock worth $4,341,000 after buying an additional 4,948 shares during the period. Institutional investors own 72.50% of the company’s stock.

Perry Ellis International Inc. (PERY) opened at 19.38 on Monday. The company has a market cap of $290.86 million, a PE ratio of 23.04 and a beta of 0.69. The firm’s 50-day moving average is $19.06 and its 200-day moving average is $20.80. Perry Ellis International Inc. has a 52-week low of $17.14 and a 52-week high of $29.00.

Perry Ellis International (NASDAQ:PERY) last issued its earnings results on Thursday, May 18th. The textile maker reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. Perry Ellis International had a return on equity of 9.18% and a net margin of 1.55%. The business had revenue of $242 million during the quarter, compared to the consensus estimate of $241.81 million. During the same period last year, the company earned $1.01 EPS. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. On average, equities research analysts anticipate that Perry Ellis International Inc. will post $2.13 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Legal & General Group Plc Decreases Stake in Perry Ellis International Inc. (NASDAQ:PERY)” was published by Daily Political and is owned by of Daily Political. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/08/07/legal-general-group-plc-decreases-stake-in-perry-ellis-international-inc-nasdaqpery.html.

A number of research firms have weighed in on PERY. Zacks Investment Research cut shares of Perry Ellis International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. FBR & Co reiterated an “outperform” rating and set a $25.00 price objective on shares of Perry Ellis International in a research report on Tuesday, July 11th. ValuEngine cut shares of Perry Ellis International from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Wunderlich reiterated a “buy” rating and set a $35.00 price objective on shares of Perry Ellis International in a research report on Friday, May 19th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $26.80.

In other Perry Ellis International news, insider Stanley P. Silverstein sold 1,802 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $19.34, for a total value of $34,850.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 20.20% of the stock is owned by company insiders.

Perry Ellis International Company Profile

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.

Want to see what other hedge funds are holding PERY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perry Ellis International Inc. (NASDAQ:PERY).

Institutional Ownership by Quarter for Perry Ellis International (NASDAQ:PERY)

Receive News & Ratings for Perry Ellis International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perry Ellis International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.