Zacks Investment Research Downgrades Perry Ellis International (PERY) to Strong Sell

Zacks Investment Research downgraded shares of Perry Ellis International (NASDAQ:PERY) from a hold rating to a strong sell rating in a research note issued to investors on Thursday morning.

According to Zacks, “Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men’s and women’s apparel, accessories, and fragrances. The company’s collection of dress and casual shirts, golf sportswear, sweaters, dress and casual pants and shorts, jeans wear, active wear and men’s and women’s swimwear is available through all major levels of retail distribution. The company, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands including Perry Ellis, Jantzen, Cubavera, Munsingwear, Savane, Original Penguin, Grand Slam, Natural Issue, Pro Player, the Havanera Co., Axis, Tricots St. Raphael, Gotcha, Girl Star and MCD. The company enhances its roster of brands by licensing trademarks from third parties including Dockers for outerwear, Nike and JAG for swimwear, and PING and PGA TOUR for golf apparel. “

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PERY has been the topic of several other reports. BidaskClub cut shares of Perry Ellis International from a buy rating to a hold rating in a report on Thursday, December 7th. ValuEngine upgraded shares of Perry Ellis International from a buy rating to a strong-buy rating in a report on Thursday, February 8th. Finally, DA Davidson initiated coverage on shares of Perry Ellis International in a report on Thursday, February 8th. They set a neutral rating and a $28.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Perry Ellis International currently has a consensus rating of Hold and a consensus price target of $29.75.

Shares of Perry Ellis International stock opened at $25.26 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.53 and a current ratio of 2.78. Perry Ellis International has a one year low of $16.35 and a one year high of $27.30. The stock has a market cap of $395.77, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 4.58 and a beta of 0.46.

Perry Ellis International (NASDAQ:PERY) last posted its quarterly earnings results on Friday, March 16th. The textile maker reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. Perry Ellis International had a net margin of 6.48% and a return on equity of 9.55%. The business had revenue of $227.00 million for the quarter, compared to analysts’ expectations of $229.03 million. During the same period in the previous year, the company posted $0.66 EPS. Perry Ellis International’s revenue was up 11.3% on a year-over-year basis. equities research analysts anticipate that Perry Ellis International will post 1.84 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. LSV Asset Management purchased a new position in shares of Perry Ellis International during the 4th quarter valued at $108,000. MetLife Investment Advisors LLC purchased a new position in shares of Perry Ellis International during the 4th quarter valued at $183,000. BNP Paribas Arbitrage SA grew its holdings in shares of Perry Ellis International by 41.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,924 shares of the textile maker’s stock valued at $187,000 after acquiring an additional 2,327 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Perry Ellis International by 3.6% in the second quarter. Wells Fargo & Company MN now owns 10,282 shares of the textile maker’s stock worth $200,000 after purchasing an additional 359 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Perry Ellis International by 12.3% in the second quarter. The Manufacturers Life Insurance Company now owns 11,504 shares of the textile maker’s stock worth $224,000 after purchasing an additional 1,263 shares in the last quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.

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Perry Ellis International Company Profile

Perry Ellis International, Inc designs, sources, markets, and licenses apparel products and accessories. The company operates through Men's Sportswear and Swim, Women's Sportswear, Direct-to-Consumer, and Licensing segments. It offers men's wear, such as career and casual sportswear, golf apparel, sports apparel, swimwear, activewear, and accessories; and women's wear, including dresses, sportswear, swimwear, activewear, and accessories.

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Analyst Recommendations for Perry Ellis International (NASDAQ:PERY)

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