Perry Ellis International, Inc. (PERY) Stake Increased by Comerica Bank

Comerica Bank increased its position in Perry Ellis International, Inc. (NASDAQ:PERY) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,848 shares of the textile maker’s stock after buying an additional 715 shares during the period. Comerica Bank owned about 0.09% of Perry Ellis International worth $318,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PERY. ClariVest Asset Management LLC boosted its position in shares of Perry Ellis International by 2.0% in the third quarter. ClariVest Asset Management LLC now owns 116,340 shares of the textile maker’s stock worth $2,243,000 after buying an additional 2,321 shares during the period. Acadian Asset Management LLC boosted its position in shares of Perry Ellis International by 131.5% in the third quarter. Acadian Asset Management LLC now owns 99,211 shares of the textile maker’s stock worth $1,914,000 after buying an additional 56,363 shares during the period. Russell Investments Group Ltd. acquired a new position in Perry Ellis International during the fourth quarter valued at about $2,367,000. Chicago Equity Partners LLC boosted its position in Perry Ellis International by 104.4% in the third quarter. Chicago Equity Partners LLC now owns 89,620 shares of the textile maker’s stock valued at $1,728,000 after buying an additional 45,770 shares during the period. Finally, Matarin Capital Management LLC acquired a new position in Perry Ellis International during the third quarter valued at about $1,415,000. 70.10% of the stock is currently owned by institutional investors and hedge funds.

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

Perry Ellis International, Inc. (NASDAQ:PERY) traded up 6.62% during midday trading on Thursday, hitting $22.24. The company had a trading volume of 252,089 shares. The stock has a 50 day moving average price of $21.64 and a 200 day moving average price of $22.53. The company has a market capitalization of $333.51 million, a P/E ratio of 23.41 and a beta of 0.75. Perry Ellis International, Inc. has a 52 week low of $16.24 and a 52 week high of $29.00.

Perry Ellis International (NASDAQ:PERY) last released its earnings results on Wednesday, March 22nd. The textile maker reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The firm earned $204 million during the quarter, compared to analysts’ expectations of $229.68 million. Perry Ellis International had a negative net margin of 1.40% and a positive return on equity of 8.73%. Perry Ellis International’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. Equities analysts forecast that Perry Ellis International, Inc. will post $2.11 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on PERY. Wunderlich reissued a “buy” rating and set a $35.00 target price on shares of Perry Ellis International in a research note on Wednesday, December 21st. TheStreet cut Perry Ellis International from a “b-” rating to a “c+” rating in a research note on Monday, January 9th. Zacks Investment Research cut Perry Ellis International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 19th. Finally, Sidoti raised Perry Ellis International from a “neutral” rating to a “buy” rating in a research note on Thursday, February 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $28.75.

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.

5 Day Chart for NASDAQ:PERY

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