FBR & Co Analysts Give Perry Ellis International Inc. (PERY) a $27.00 Price Target

FBR & Co set a $27.00 price target on Perry Ellis International Inc. (NASDAQ:PERY) in a research report sent to investors on Tuesday. The firm currently has a buy rating on the textile maker’s stock.

Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Perry Ellis International from a hold rating to a buy rating and set a $24.00 target price for the company in a report on Friday, September 22nd. TheStreet lowered Perry Ellis International from a b- rating to a c+ rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $28.75.

Perry Ellis International (PERY) traded up 1.55% on Tuesday, reaching $22.86. 117,501 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $22.63 and its 200 day moving average is $20.24. Perry Ellis International has a 1-year low of $16.35 and a 1-year high of $29.00. The stock has a market capitalization of $344.59 million, a P/E ratio of 20.02 and a beta of 0.65.

Perry Ellis International (NASDAQ:PERY) last posted its earnings results on Thursday, August 24th. The textile maker reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.06. Perry Ellis International had a return on equity of 9.05% and a net margin of 2.08%. The firm had revenue of $206.60 million during the quarter, compared to analyst estimates of $204.97 million. During the same period in the previous year, the company earned $0.15 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts expect that Perry Ellis International will post $2.15 EPS for the current year.

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In other Perry Ellis International news, insider Luis S. Paez sold 3,812 shares of Perry Ellis International stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $21.55, for a total value of $82,148.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Stanley P. Silverstein sold 13,507 shares of Perry Ellis International stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total value of $298,639.77. The disclosure for this sale can be found here. Insiders own 22.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers increased its position in Perry Ellis International by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 27,025 shares of the textile maker’s stock worth $526,000 after buying an additional 295 shares during the period. Wells Fargo & Company MN increased its position in Perry Ellis International by 3.6% in the 2nd quarter. Wells Fargo & Company MN now owns 10,282 shares of the textile maker’s stock worth $200,000 after buying an additional 359 shares during the period. Comerica Bank increased its position in Perry Ellis International by 3.9% in the 1st quarter. Comerica Bank now owns 13,351 shares of the textile maker’s stock worth $286,000 after buying an additional 503 shares during the period. Public Employees Retirement System of Ohio increased its position in Perry Ellis International by 4.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 25,631 shares of the textile maker’s stock worth $551,000 after buying an additional 993 shares during the period. Finally, New York State Teachers Retirement System increased its position in Perry Ellis International by 4.6% in the 1st quarter. New York State Teachers Retirement System now owns 27,416 shares of the textile maker’s stock worth $589,000 after buying an additional 1,200 shares during the period. 71.07% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Perry Ellis International (NASDAQ:PERY)

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