Chicago Equity Partners LLC Buys New Stake in Perry Ellis International Inc. (PERY)

Chicago Equity Partners LLC bought a new stake in Perry Ellis International Inc. (NASDAQ:PERY) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,860 shares of the textile maker’s stock, valued at approximately $494,000. Chicago Equity Partners LLC owned about 0.13% of Perry Ellis International at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its position in shares of Perry Ellis International by 42.2% during the second quarter. BNP Paribas Arbitrage SA now owns 5,597 shares of the textile maker’s stock worth $109,000 after purchasing an additional 1,662 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Perry Ellis International by 3.6% during 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. KBC Group NV acquired a new stake in shares of Perry Ellis International during the second quarter worth about $213,000. The Manufacturers Life Insurance Company lifted its position in shares of Perry Ellis International by 12.3% during 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. Finally, First Trust Advisors LP acquired a new stake in shares of Perry Ellis International during the third quarter worth about $235,000. 71.18% of the stock is currently owned by institutional investors.

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Several brokerages have recently issued reports on PERY. KeyCorp reissued a “neutral” rating on shares of Perry Ellis International in a research report on Friday, September 29th. Zacks Investment Research raised shares of Perry Ellis International from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Thursday, September 28th. Ifs Securities reissued an “outperform” rating on shares of Perry Ellis International in a research report on Tuesday, October 31st. B. Riley reissued a “buy” rating on shares of Perry Ellis International in a research report on Wednesday, November 1st. Finally, FBR & Co set a $27.00 price target on shares of Perry Ellis International and gave the stock a “buy” rating in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $28.75.

In other Perry Ellis International news, insider Stanley P. Silverstein sold 13,507 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $22.11, for a total value of $298,639.77. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Luis S. Paez sold 3,812 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $21.55, for a total transaction of $82,148.60. The disclosure for this sale can be found here. 22.20% of the stock is currently owned by corporate insiders.

Shares of Perry Ellis International Inc. (PERY) opened at $24.60 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.88 and a current ratio of 3.17. Perry Ellis International Inc. has a one year low of $16.35 and a one year high of $29.00. The firm has a market cap of $365.01, a P/E ratio of 12.36 and a beta of 0.60.

Perry Ellis International (NASDAQ:PERY) last released its earnings results on Thursday, August 24th. The textile maker reported $0.16 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $206.60 million for the quarter, compared to analyst estimates of $204.97 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. analysts predict that Perry Ellis International Inc. will post 2.14 EPS for the current fiscal year.

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

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