Today’s Price Action: Will Perry Ellis International, Inc. Run Out of Steam Soon?

Today's Price Action: Will Perry Ellis International, Inc. Run Out of Steam Soon?

The stock of Perry Ellis International, Inc. (NASDAQ:PERY) hit a new 52-week high and has $26.62 target or 4.00% above today’s $25.60 share price. The 6 months bullish chart indicates low risk for the $397.47 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $26.62 price target is reached, the company will be worth $15.90 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 68,055 shares traded hands. Perry Ellis International, Inc. (NASDAQ:PERY) has risen 33.16% since April 25, 2016 and is uptrending. It has outperformed by 27.15% the S&P500.

Analysts await Perry Ellis International, Inc. (NASDAQ:PERY) to report earnings on April, 11. They expect $0.63 earnings per share, up 80.00% or $0.28 from last year’s $0.35 per share. PERY’s profit will be $9.78M for 10.16 P/E if the $0.63 EPS becomes a reality. After $0.23 actual earnings per share reported by Perry Ellis International, Inc. for the previous quarter, Wall Street now forecasts 173.91% EPS growth.

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. The company was initiated on Friday, September 18 by Sidoti. Sidoti initiated the stock with “Buy” rating in Wednesday, June 1 report. On Saturday, August 22 the stock rating was downgraded by TheStreet to “Buy”. Brean Capital initiated it with “Buy” rating and $30 target price in Wednesday, July 22 report. On Wednesday, August 26 the stock rating was initiated by Brean Capital with “Buy”. As per Tuesday, June 21, the company rating was reinitiated by Brean Capital. The rating was upgraded by Bank of America to “Underperform” on Thursday, August 20.

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 Q2 2016. Its down 0.01, from 1.61 in 2016Q1. The ratio dropped, 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.
Strs Ohio holds 0% of its portfolio in Perry Ellis International, Inc. (NASDAQ:PERY) for 30,500 shares. Nordea Invest Mngmt owns 79,600 shares or 0% of their US portfolio. Synovus Fin owns 44,709 shares or 0.02% of their US portfolio. Axa, a France-based fund reported 53,100 shares. The Connecticut-based Matarin Mngmt Limited Liability has invested 0% in Perry Ellis International, Inc. (NASDAQ:PERY). Financial Consulate Inc last reported 10,661 shares in the company. Panagora Asset Mgmt accumulated 179,431 shares or 0.02% of the stock. Diker Management Ltd Co accumulated 17,700 shares or 0.14% of the stock. Voya Inv Management has 0% invested in the company for 13,560 shares. The Pennsylvania-based Vanguard Gru Inc has invested 0% in Perry Ellis International, Inc. (NASDAQ:PERY). Secor Advsrs L P holds 22,961 shares or 0.06% of its portfolio. Fuller Thaler Asset Management last reported 0% of its portfolio in the stock. Balyasny Asset Limited Liability Corp holds 0% or 11,900 shares in its portfolio. Century Companies Inc last reported 0% of its portfolio in the stock. Oxford Asset Mngmt holds 0.1% of its portfolio in Perry Ellis International, Inc. (NASDAQ:PERY) for 122,643 shares.

Insider Transactions: Since July 14, 2016, the stock had 0 insider purchases, and 3 selling transactions for $1.05 million net activity. The insider SILVERSTEIN STANLEY P sold 10,942 shares worth $214,527. FELDENKREIS GEORGE sold $440,942 worth of stock or 20,000 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 Extends License Agreement With Callaway Golf” published on November 21, 2016, Wsj.com published: “Perry Ellis Says Margins Expand, Backs 2016 Views” on April 12, 2016. More interesting news about Perry Ellis International, Inc. (NASDAQ:PERY) were released by: Globenewswire.com and their article: “Perry Ellis International Reports Third Quarter Fiscal 2017 Results” published on November 17, 2016 as well as Globenewswire.com‘s news article titled: “Perry Ellis International Expands Executive Team, Names David Enright as Chief …” with publication date: June 01, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment