Insider Selling: Perry Ellis International Inc. (PERY) Insider Sells $298,639.77 in Stock

Perry Ellis International Inc. (NASDAQ:PERY) insider Stanley P. Silverstein sold 13,507 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total transaction of $298,639.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Perry Ellis International Inc. (PERY) opened at 22.34 on Friday. The firm’s 50-day moving average is $20.14 and its 200 day moving average is $20.17. Perry Ellis International Inc. has a 1-year low of $16.35 and a 1-year high of $29.00. The firm has a market cap of $336.75 million, a PE ratio of 19.56 and a beta of 0.65.

Perry Ellis International (NASDAQ:PERY) last issued its earnings results on Thursday, August 24th. The textile maker reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.06. Perry Ellis International had a net margin of 2.08% and a return on equity of 9.05%. The company had revenue of $206.60 million for the quarter, compared to the consensus estimate of $204.97 million. During the same quarter in the previous year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Perry Ellis International Inc. will post $2.15 earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Perry Ellis International by 12.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,504 shares of the textile maker’s stock valued at $224,000 after purchasing an additional 1,263 shares in the last quarter. State Street Corp raised its holdings in shares of Perry Ellis International by 5.3% in the second quarter. State Street Corp now owns 280,040 shares of the textile maker’s stock valued at $5,448,000 after buying an additional 13,982 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Perry Ellis International by 4.0% in the second quarter. Voya Investment Management LLC now owns 33,823 shares of the textile maker’s stock valued at $658,000 after buying an additional 1,306 shares during the last quarter. OxFORD Asset Management LLP raised its holdings in shares of Perry Ellis International by 5.4% in the second quarter. OxFORD Asset Management LLP now owns 69,588 shares of the textile maker’s stock valued at $1,354,000 after buying an additional 3,553 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of Perry Ellis International by 88.3% in the second quarter. Citadel Advisors LLC now owns 34,137 shares of the textile maker’s stock valued at $664,000 after buying an additional 16,012 shares during the last quarter. Institutional investors own 70.95% of the company’s stock.

A number of analysts recently weighed in on PERY shares. Zacks Investment Research cut shares of Perry Ellis International from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. FBR & Co set a $25.00 price objective on shares of Perry Ellis International and gave the stock a “buy” rating in a report on Monday, August 21st. BidaskClub cut shares of Perry Ellis International from a “hold” rating to a “sell” rating in a report on Friday, August 18th. KeyCorp reaffirmed a “hold” rating on shares of Perry Ellis International in a report on Thursday, August 24th. Finally, Wunderlich reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Perry Ellis International in a report on Friday, May 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $28.25.

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.

Insider Buying and Selling by Quarter for Perry Ellis International (NASDAQ:PERY)

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