Acadian Asset Management LLC reduced its position in shares of Perry Ellis International Inc. (NASDAQ:PERY) by 33.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 133,457 shares of the textile maker’s stock after selling 68,583 shares during the period. Acadian Asset Management LLC’s holdings in Perry Ellis International were worth $2,596,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Comerica Bank boosted its stake in Perry Ellis International by 3.9% in the first 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 last quarter. Oxford Asset Management boosted its stake in Perry Ellis International by 0.9% in the first quarter. Oxford Asset Management now owns 66,035 shares of the textile maker’s stock worth $1,418,000 after buying an additional 613 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Perry Ellis International by 4.0% in the first 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 last quarter. Adams Diversified Equity Fund Inc. boosted its stake in Perry Ellis International by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 40,400 shares of the textile maker’s stock worth $868,000 after buying an additional 1,100 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its stake in Perry Ellis International by 4.6% in the first 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 last quarter. 72.48% of the stock is owned by institutional investors.
Perry Ellis International Inc. (PERY) traded up 0.57% during mid-day trading on Friday, reaching $19.26. The company had a trading volume of 61,964 shares. The company’s 50-day moving average is $19.06 and its 200-day moving average is $20.80. The stock has a market capitalization of $289.05 million, a PE ratio of 22.90 and a beta of 0.69. Perry Ellis International Inc. has a one year low of $17.14 and a one year high of $29.00.
Perry Ellis International (NASDAQ:PERY) last posted its quarterly earnings data on Thursday, May 18th. The textile maker reported $0.83 EPS for the quarter, beating the 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 business had revenue of $242 million for the quarter, compared to the consensus estimate of $241.81 million. During the same quarter in the prior year, the business earned $1.01 earnings per share. Perry Ellis International’s revenue for the quarter was down 7.3% on a year-over-year basis. Equities research analysts anticipate that Perry Ellis International Inc. will post $2.13 earnings per share for the current year.
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A number of research firms have recently issued reports on PERY. Zacks Investment Research cut Perry Ellis International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. FBR & Co reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Perry Ellis International in a research report on Tuesday, July 11th. ValuEngine cut Perry Ellis International from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Wunderlich reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Perry Ellis International in a research report on Friday, May 19th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Perry Ellis International presently has a consensus rating of “Buy” and an average target price of $26.80.
In related news, insider Stanley P. Silverstein sold 1,802 shares of the company’s stock in a transaction that occurred on 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 filing with the SEC, which is available at this hyperlink. 22.20% of the stock is currently owned by corporate insiders.
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.
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