Feldenkreis George: Perry Ellis International, Inc increased Its Stake

June 20, 2018 - By Stephen Andrade

Perry Ellis International, Inc. (NASDAQ:PERY) LogoInvestors sentiment decreased to 0.66 in 2018 Q1. Its down 0.63, from 1.29 in 2017Q4. It fall, as 16 investors sold Perry Ellis International, Inc. shares while 49 reduced holdings. 16 funds opened positions while 27 raised stakes. 11.24 million shares or 3.26% less from 11.62 million shares in 2017Q4 were reported.

Fincl Consulate reported 15,576 shares. Moreover, Legal And General Public Ltd has 0% invested in Perry Ellis International, Inc. (NASDAQ:PERY) for 23,194 shares. Strs Ohio invested 0% of its portfolio in Perry Ellis International, Inc. (NASDAQ:PERY). Goldman Sachs Grp Inc accumulated 0% or 133,742 shares. Tower Cap Ltd Liability Com (Trc) accumulated 2,528 shares or 0.01% of the stock. Ameriprise holds 0% of its portfolio in Perry Ellis International, Inc. (NASDAQ:PERY) for 97,633 shares. Renaissance Techs Ltd Liability Co reported 0.01% of its portfolio in Perry Ellis International, Inc. (NASDAQ:PERY). Mason Street Advisors Limited Liability has invested 0% of its portfolio in Perry Ellis International, Inc. (NASDAQ:PERY). Geode Capital Management Ltd Liability Corp accumulated 119,899 shares. National Bank Of Montreal Can has 0% invested in Perry Ellis International, Inc. (NASDAQ:PERY). Campbell & Com Inv Adviser Ltd Liability Corporation owns 8,700 shares or 0.19% of their US portfolio. Moreover, Bancorporation Of New York Mellon has 0% invested in Perry Ellis International, Inc. (NASDAQ:PERY). Wells Fargo Company Mn has 0% invested in Perry Ellis International, Inc. (NASDAQ:PERY). Meeder Asset Mngmt Inc holds 0% or 98 shares. Fuller And Thaler Asset Management invested 0.02% of its portfolio in Perry Ellis International, Inc. (NASDAQ:PERY).

Feldenkreis George Reported increased Stake in Perry Ellis International, Inc

Feldenkreis George filed with SEC a SC 13D/A form for Perry Ellis International, Inc. It can be found at: 000092189518001968. As reported by Feldenkreis George, the filler increased its stake in the stock by 0.23 % for 1,716,863 shares. Feldenkreis George currently owns 10.8% of the Consumer Discretionary- stock. Date of activity: June 15, 2018.

Reasons Why Feldenkreis George Holds Perry Ellis International, Inc

Purpose of Transaction

Item 4 is herebyamended to add the following:

As described in Item3 above, on June 15, 2018, Parent, Merger Sub and the Issuer entered into the Merger Agreement, under which Parent, a newly formedentity controlled by George Feldenkreis, has agreed to acquire all of the outstanding Shares not already beneficially owned bythe Rollover Participants (other than Shares held in treasury and Shares owned by shareholders who perfect appraisal rights underapplicable law), for $27.50 per share in cash.

Upon the terms andsubject to the conditions in the Merger Agreement, Merger Sub will merge with and into the Issuer with the Issuer being the survivingcorporation (the “Merger”). As a result of the Merger, the Issuer will become a wholly-owned subsidiary of Parent andthe Shares will be delisted from The Nasdaq Global Market and be deregistered under the Securities Exchange Act of 1934, as amended.Consummation of the Merger is subject to the approval of the Issuer’s shareholders, including approval by the holders ofa majority of the Shares not owned by the Rollover Participants or any other officers or directors of the Issuer, receipt of regulatoryapprovals and certain other customary closing conditions. While the Merger Agreement is pending, the Issuer and George Feldenkreis have agreed to defer the next annualmeeting for the election of directors of the Issuer.

The Merger Agreementprovides that, at the effective time of the Merger, the Issuer’s certificate of incorporation will be amended and restatedas provided in the Merger Agreement, the bylaws of Merger Sub will become the bylaws of the Issuer, as the surviving corporation,the directors of Merger Sub immediately prior to the effective time of the Merger will become the directors of the Issuer, asthe surviving corporation, the officers of the Issuer will continue to serve as the officers of the surviving corporation, andthe business of the Issuer will continue to be run under the “Perry Ellis” name. The foregoing description of theMerger Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the MergerAgreement, which is attached as Exhibit 99.1 hereto and incorporated by reference herein.

In connection withthe Merger Agreement, each of the Rollover Participants also entered into a voting agreement (the “Voting Agreement”)with Parent and the Issuer. Pursuant to the Voting Agreement, each Rollover Participant has agreed, among other things, to votefor and support the Merger and against any Takeover Proposal (as defined in the Merger Agreement). The foregoing description ofthe Voting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the VotingAgreement, which is attached as Exhibit 99.2 hereto and incorporated by reference herein.

Concurrently withthe execution of the Merger Agreement, George Feldenkreis has entered into a Limited Guarantee guaranteeing certain obligationsof Parent under the Merger Agreement, including the payment of the Parent Termination Fee (as defined in the Merger Agreement)in the event the Merger Agreement is terminated under specified circumstances. George Feldenkreis has pledged 647,451 of his Sharesto secure, and as sole recourse for, such obligations of Parent pursuant to the terms of a Security and Pledge Agreement enteredinto with Issuer concurrently with the execution of the Merger Agreement. The foregoing description of the Limited Guarantee andSecurity and Pledge Agreement does not purport to be complete and is qualified in its entirety by reference to the Limited Guaranteeand Security and Pledge Agreement, which are attached hereto as Exhibit 99.3 and 99.4, respectively, and are incorporated hereinby reference.

Perry Ellis International, Inc Institutional Sentiment

Filings show 106 investors own Perry Ellis International, Inc. The ownership in Q3 2017 is high, at Infinity of the outstanding shares. This is increased by 547081. 11310409 were owned by these investors. 18 funds opened new Perry Ellis International, Inc stakes, 45 increased positions. There were 10 that closed positions and 37 reduced them.

Adams Express Company is an investor bullish on Perry Ellis International, Inc, owning 51800 shares as of Q3 2017 for 0.07% of its portfolio. North Star Investment Management Corp owns 106025 shares or 0.32% of its portfolio. IL Sg Capital Management Llc have 0.08% of its portfolio for 31891 shares. Further, Financial Consulate Inc reported stake worth 0.20% of its portfolio. The TX Frigate Ventures Lp owns 104372 shares. Perry Ellis International, Inc is 0.37% of its portfolio.

SEC Form 13D.

Analysts await Perry Ellis International, Inc. (NASDAQ:PERY) to report earnings on August, 23. They expect $0.16 EPS, 0.00 % or $0.00 from last year’s $0.16 per share. PERY’s profit will be $2.45 million for 42.66 P/E if the $0.16 EPS becomes a reality. After $0.78 actual EPS reported by Perry Ellis International, Inc. for the previous quarter, Wall Street now forecasts -79.49 % negative EPS growth.

The stock increased 0.29% or $0.08 during the last trading session, reaching $27.3. About 310,856 shares traded or 270.28% up from the average. Perry Ellis International, Inc. (NASDAQ:PERY) has risen 41.69% since June 20, 2017 and is uptrending. It has outperformed by 29.12% the S&P500.

Perry Ellis International, Inc. designs, sources, markets, and licenses apparel products and accessories. The company has market cap of $417.72 million. The firm operates through Men's Sportswear and Swim, Women's Sportswear, Direct-to-Consumer, and Licensing divisions. It has a 7.78 P/E ratio. It offers men's wear, such as career and casual sportswear, golf apparel, sports apparel, swimwear, activewear, and accessories; and women's wear, including dresses, sportswear, swimwear, activewear, and accessories.

More notable recent Perry Ellis International, Inc. (NASDAQ:PERY) news were published by: Prnewswire.com which released: “ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Perry Ellis International” on June 18, 2018, also Benzinga.com with their article: “PERRY ELLIS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC …” published on June 18, 2018, Prnewswire.com published: “WeissLaw LLP Investigates Perry Ellis International, Inc.” on June 18, 2018. More interesting news about Perry Ellis International, Inc. (NASDAQ:PERY) were released by: Fool.com and their article: “Google Buys a Way Into China” published on June 19, 2018 as well as Businesswire.com‘s news article titled: “Bragar Eagel & Squire, PC is Investigating the Board of Directors of Perry Ellis International, Inc. (PERY) on Behalf of …” with publication date: June 18, 2018.

Perry Ellis International, Inc. (NASDAQ:PERY) Institutional Positions Chart

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