The stock of Perry Ellis International, Inc. (NASDAQ:PERY) hit a new 52-week high and has $45.48 target or 87.00% above today’s $24.32 share price. The 7 months bullish chart indicates low risk for the $368.99 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $45.48 price target is reached, the company will be worth $321.02 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 58,157 shares traded hands. Perry Ellis International, Inc. (NASDAQ:PERY) has risen 28.77% since April 19, 2016 and is uptrending. It has outperformed by 24.91% the S&P500.
Perry Ellis International, Inc. (NASDAQ:PERY) Ratings Coverage
Out of 3 analysts covering Perry Ellis International Inc. (NASDAQ:PERY), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Perry Ellis International Inc. has been the topic of 8 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Thursday, August 20 the stock rating was upgraded by Bank of America to “Underperform”. The company was initiated on Wednesday, August 26 by Brean Capital. The firm has “Buy” rating by TheStreet given on Saturday, August 22. The firm has “Buy” rating given on Wednesday, July 22 by Brean Capital. The stock of Perry Ellis International, Inc. (NASDAQ:PERY) earned “Buy” rating by Brean Capital on Tuesday, June 21. The stock has “Buy” rating given by Sidoti on Wednesday, June 1. On Friday, September 18 the stock rating was initiated by Sidoti with “Buy”.
According to Zacks Investment Research, “Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men’s and women’s apparel, accessories, and fragrances. The company’s collection of dress and casual shirts, golf sportswear, sweaters, dress and casual pants and shorts, jeans wear, active wear and men’s and women’s swimwear is available through all major levels of retail distribution. The company, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands including Perry Ellis, Jantzen, Cubavera, Munsingwear, Savane, Original Penguin, Grand Slam, Natural Issue, Pro Player, the Havanera Co., Axis, Tricots St. Raphael, Gotcha, Girl Star and MCD. The company enhances its roster of brands by licensing trademarks from third parties including Dockers for outerwear, Nike and JAG for swimwear, and PING and PGA TOUR for golf apparel.”
Insitutional Activity: The institutional sentiment decreased to 1.6 in 2016 Q2. Its down 0.01, from 1.61 in 2016Q1. The ratio is negative, as 11 funds sold all Perry Ellis International, Inc. shares owned while 30 reduced positions. 18 funds bought stakes while 48 increased positions. They now own 10.16 million shares or 4.13% more from 9.76 million shares in 2016Q1.
Dupont Capital Management Corp reported 19,730 shares or 0.01% of all its holdings. Dimensional Fund Advsr Limited Partnership accumulated 0.02% or 1.33 million shares. Blackrock Ltd has 98,008 shares for 0% of their US portfolio. State Board Of Administration Of Florida Retirement System has invested 0% of its portfolio in Perry Ellis International, Inc. (NASDAQ:PERY). Northern has 366,931 shares for 0% of their US portfolio. Amer Century has 201,958 shares for 0% of their US portfolio. Citigroup has 0% invested in the company for 7,201 shares. Moreover, Cornercap Counsel has 0.1% invested in Perry Ellis International, Inc. (NASDAQ:PERY) for 26,315 shares. Walleye Trading Limited Liability Company holds 6,906 shares or 0% of its portfolio. Fuller Thaler Asset holds 3,400 shares or 0% of its portfolio. First Citizens Bancorp And Trust Com has invested 0.03% of its portfolio in Perry Ellis International, Inc. (NASDAQ:PERY). Ameriprise Financial has 0% invested in the company for 79,584 shares. Pacific Ridge Cap Prtnrs Limited Liability Company last reported 24,820 shares in the company. Blackrock Institutional Na owns 366,168 shares or 0% of their US portfolio. Jacobs Levy Equity Mgmt Incorporated has 27,200 shares for 0.01% of their US portfolio.
Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 3 selling transactions for $731,568 net activity. 10,942 Perry Ellis International, Inc. (NASDAQ:PERY) shares with value of $214,527 were sold by SILVERSTEIN STANLEY P. On Thursday, July 14 FELDENKREIS GEORGE sold $440,942 worth of the stock or 20,000 shares. On Friday, May 27 Voith John F. sold $76,099 worth of the stock or 3,859 shares.
More notable recent Perry Ellis International, Inc. (NASDAQ:PERY) news were published by: Marketwatch.com which released: “Perry Ellis’s stock jumps 3.3% premarket after Q4 results” on January 31, 2011, also Globenewswire.com with their article: “Perry Ellis International Announces New Footwear License for Perry Ellis …” published on September 15, 2016, Globenewswire.com published: “Perry Ellis International Announces a New License Agreement for Original Penguin” on September 06, 2016. More interesting news about Perry Ellis International, Inc. (NASDAQ:PERY) were released by: Globenewswire.com and their article: “Perry Ellis International Expands Executive Team, Names David Enright as Chief …” published on June 01, 2016 as well as Globenewswire.com‘s news article titled: “Perry Ellis International Announces Boy’s Tailored Clothing License for Perry …” with publication date: November 08, 2016.
PERY Company Profile
Perry Ellis International, Inc., incorporated on April 5, 1967, is an apparel company. The Firm designs, sources, markets and licenses its products nationally and internationally at multiple price points and across all levels of retail distribution. The Firm operates through four divisions: Men’s Sportswear and Swim, Women’s Sportswear, Direct-to-Consumer and Licensing. The Company’s brands include Perry Ellis and Original Penguin by Munsingwear (Original Penguin), Ben Hogan, Cubavera, Farah, Grand Slam, Jantzen, Laundry by Shelli Segal, Rafaella and Savane.
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