Schwab Charles Investment Management Inc. decreased its position in Perry Ellis International, Inc. (NASDAQ:PERY) by 28.8% during the third quarter, Holdings Channel reports. The fund owned 107,085 shares of the textile maker’s stock after selling 43,232 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Perry Ellis International were worth $2,534,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Perry Ellis International by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 678,254 shares of the textile maker’s stock worth $13,199,000 after acquiring an additional 14,127 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Perry Ellis International by 3.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 414,355 shares of the textile maker’s stock worth $8,064,000 after acquiring an additional 15,555 shares during the last quarter. Northern Trust Corp increased its stake in Perry Ellis International by 1.8% in the 2nd quarter. Northern Trust Corp now owns 366,702 shares of the textile maker’s stock worth $7,137,000 after acquiring an additional 6,643 shares during the last quarter. State Street Corp increased its stake in Perry Ellis International by 5.3% in the 2nd quarter. State Street Corp now owns 280,040 shares of the textile maker’s stock worth $5,448,000 after acquiring an additional 13,982 shares during the last quarter. Finally, ClariVest Asset Management LLC increased its stake in Perry Ellis International by 3.3% in the 3rd quarter. ClariVest Asset Management LLC now owns 273,595 shares of the textile maker’s stock worth $6,474,000 after acquiring an additional 8,654 shares during the last quarter. 72.62% of the stock is currently owned by institutional investors and hedge funds.

Perry Ellis International, Inc. (PERY) opened at $25.21 on Thursday. The firm has a market capitalization of $392.95, a P/E ratio of 14.92 and a beta of 0.62. The company has a current ratio of 3.56, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. Perry Ellis International, Inc. has a 12-month low of $16.35 and a 12-month high of $25.99.

Perry Ellis International (NASDAQ:PERY) last released its earnings results on Thursday, November 30th. The textile maker reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $198.80 million for the quarter, compared to the consensus estimate of $199.40 million. Perry Ellis International had a return on equity of 8.95% and a net margin of 3.05%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. analysts forecast that Perry Ellis International, Inc. will post 2.15 earnings per share for the current year.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Perry Ellis International from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. BidaskClub downgraded Perry Ellis International from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. B. Riley reissued a “buy” rating on shares of Perry Ellis International in a research report on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of Perry Ellis International in a research report on Tuesday, October 31st. Finally, Ifs Securities reissued an “outperform” rating on shares of Perry Ellis International in a research report on Tuesday, October 31st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.00.

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Perry Ellis International 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.

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

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