Perry Ellis International Inc. (NASDAQ:PERY) Position Decreased by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its stake in Perry Ellis International Inc. (NASDAQ:PERY) by 58.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,923 shares of the textile maker’s stock after selling 14,240 shares during the period. Wells Fargo & Company MN owned about 0.07% of Perry Ellis International worth $213,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board acquired a new position in shares of Perry Ellis International during the fourth quarter valued at about $200,000. Comerica Bank increased its position in 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. Teachers Advisors LLC increased its position in 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. New York State Teachers Retirement System increased its position in Perry Ellis International by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 26,216 shares of the textile maker’s stock worth $653,000 after buying an additional 100 shares during the period. Finally, Strs Ohio increased its position in Perry Ellis International by 17.5% in the first quarter. Strs Ohio now owns 30,200 shares of the textile maker’s stock worth $648,000 after buying an additional 4,500 shares during the period. Institutional investors own 72.93% of the company’s stock.

Perry Ellis International Inc. (NASDAQ PERY) traded down 0.89% on Wednesday, reaching $17.85. The company’s stock had a trading volume of 57,908 shares. The firm has a market cap of $267.89 million, a price-to-earnings ratio of 21.22 and a beta of 0.69. The firm has a 50 day moving average of $19.20 and a 200 day moving average of $20.46. Perry Ellis International Inc. has a 12 month low of $17.14 and a 12 month high of $29.00.

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

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

In related news, insider Stanley P. Silverstein sold 1,802 shares of Perry Ellis International stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $19.34, for a total value of $34,850.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 20.20% of the company’s stock.

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.

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

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