Perry Ellis International Inc. (PERY) Shares Bought by State of Tennessee Treasury Department

State of Tennessee Treasury Department boosted its position in shares of Perry Ellis International Inc. (NASDAQ:PERY) by 17.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,855 shares of the textile maker’s stock after buying an additional 1,638 shares during the period. State of Tennessee Treasury Department owned about 0.07% of Perry Ellis International worth $233,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of PERY. Public Sector Pension Investment Board purchased a new stake in shares of Perry Ellis International during the fourth quarter worth $200,000. Comerica Bank increased its stake in shares of Perry Ellis International by 5.9% in the fourth quarter. Comerica Bank now owns 12,848 shares of the textile maker’s stock worth $318,000 after buying an additional 715 shares during the period. Bessemer Group Inc. purchased a new stake in shares of Perry Ellis International during the fourth quarter worth $329,000. Great West Life Assurance Co. Can increased its stake in shares of Perry Ellis International by 11.6% in the first quarter. Great West Life Assurance Co. Can now owns 15,641 shares of the textile maker’s stock worth $336,000 after buying an additional 1,629 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Perry Ellis International by 11.5% in the fourth quarter. Teachers Advisors LLC now owns 21,232 shares of the textile maker’s stock worth $529,000 after buying an additional 2,184 shares during the period. Institutional investors and hedge funds own 73.63% of the company’s stock.

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

Perry Ellis International Inc. (NASDAQ PERY) opened at 18.53 on Friday. The company’s 50-day moving average price is $19.14 and its 200-day moving average price is $22.16. Perry Ellis International Inc. has a 52 week low of $17.14 and a 52 week high of $29.00. The company has a market capitalization of $278.10 million, a P/E ratio of 22.03 and a beta of 0.74.

Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings results on Thursday, May 18th. The textile maker reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $242 million during the quarter, compared to analysts’ expectations of $241.81 million. During the same period last year, the firm posted $1.01 EPS. The business’s revenue was down 7.3% on a year-over-year basis. On average, equities analysts forecast that Perry Ellis International Inc. will post $2.13 EPS for the current fiscal year.

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A number of brokerages have recently weighed in on PERY. ValuEngine downgraded Perry Ellis International from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Perry Ellis International from a “sell” rating to a “hold” rating and set a $21.00 price target for the company in a report on Saturday, May 20th. Wunderlich reiterated a “buy” rating and issued a $35.00 price target on shares of Perry Ellis International in a report on Friday, May 19th. Finally, TheStreet upgraded Perry Ellis International from a “c+” rating to a “b” rating in a report on Wednesday, March 22nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Perry Ellis International currently has a consensus rating of “Buy” and an average target price of $27.25.

In related 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 transaction of $34,850.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 22.20% of the company’s stock.

About Perry Ellis International

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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