Brandywine Global Investment Management LLC Has $220,000 Position in Perry Ellis International Inc. (PERY)

Brandywine Global Investment Management LLC decreased its position in Perry Ellis International Inc. (NASDAQ:PERY) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,305 shares of the textile maker’s stock after selling 255 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.08% of Perry Ellis International worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in PERY. Vanguard Group Inc. increased its stake in shares of Perry Ellis International by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 678,254 shares of the textile maker’s stock valued at $13,199,000 after acquiring an additional 14,127 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Perry Ellis International by 3.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 414,355 shares of the textile maker’s stock valued at $8,064,000 after acquiring an additional 15,555 shares during the last quarter. Northern Trust Corp increased its stake in shares of Perry Ellis International by 1.8% during the 2nd quarter. Northern Trust Corp now owns 366,702 shares of the textile maker’s stock valued at $7,137,000 after acquiring an additional 6,643 shares during the last quarter. ClariVest Asset Management LLC increased its stake in shares of Perry Ellis International by 19.4% during the 2nd quarter. ClariVest Asset Management LLC now owns 264,941 shares of the textile maker’s stock valued at $5,156,000 after acquiring an additional 43,000 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Perry Ellis International by 2.9% during the 2nd quarter. American Century Companies Inc. now owns 228,635 shares of the textile maker’s stock valued at $4,449,000 after acquiring an additional 6,399 shares during the last quarter. 70.95% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on PERY shares. Zacks Investment Research raised shares of Perry Ellis International from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday, September 1st. TheStreet downgraded shares of Perry Ellis International from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. KeyCorp reaffirmed a “neutral” rating on shares of Perry Ellis International in a research note on Friday, September 29th. FBR & Co set a $25.00 price objective on shares of Perry Ellis International and gave the company a “buy” rating in a research note on Monday, August 21st. Finally, BidaskClub downgraded shares of Perry Ellis International from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $28.25.

Shares of Perry Ellis International Inc. (PERY) opened at 22.29 on Thursday. The firm has a market cap of $336.00 million, a P/E ratio of 19.52 and a beta of 0.65. The company’s 50-day moving average is $22.34 and its 200-day moving average is $20.18. Perry Ellis International Inc. has a 52-week low of $16.35 and a 52-week high of $29.00.

Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings data on Thursday, August 24th. The textile maker reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.06. Perry Ellis International had a return on equity of 9.05% and a net margin of 2.08%. The firm had revenue of $206.60 million during the quarter, compared to analyst estimates of $204.97 million. During the same period last year, the company posted $0.15 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Perry Ellis International Inc. will post $2.15 earnings per share for the current fiscal year.

In other news, insider Stanley P. Silverstein sold 13,507 shares of the firm’s 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Luis S. Paez sold 3,812 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $21.55, for a total value of $82,148.60. The disclosure for this sale can be found here. 22.20% of the stock is owned by company insiders.

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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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