Trading Report: The Ameriprise Financial Inc. Acquires 2,243 Shares of Perry Ellis International Inc. (PERY)

The Ameriprise Financial Inc. Acquires 2,243 Shares of Perry Ellis International Inc. (PERY)

Ameriprise Financial Inc. boosted its stake in Perry Ellis International Inc. (NASDAQ:PERY) by 2.9% during the second quarter, Holdings Channel reports. The firm owned 79,584 shares of the company’s stock after buying an additional 2,243 shares during the period. Ameriprise Financial Inc. owned about 0.54% of Perry Ellis International worth $1,602,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Springbok Capital Management LLC raised its stake in Perry Ellis International by 34.6% in the first quarter. Springbok Capital Management LLC now owns 10,900 shares of the company’s stock valued at $201,000 after buying an additional 2,800 shares during the period. Financial Consulate Inc. purchased a new stake in Perry Ellis International during the second quarter valued at about $214,000. Diker Management LLC purchased a new stake in Perry Ellis International during the first quarter valued at about $272,000. Adams Diversified Equity Fund Inc. purchased a new stake in Perry Ellis International during the second quarter valued at about $368,000. Finally, Emerald Acquisition Ltd. purchased a new stake in Perry Ellis International during the second quarter valued at about $387,000. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Perry Ellis International Inc. (NASDAQ:PERY) traded up 0.11% during trading on Friday, hitting $18.61. 26,115 shares of the stock traded hands. The stock has a 50 day moving average price of $19.24 and a 200-day moving average price of $19.69. Perry Ellis International Inc. has a 1-year low of $15.73 and a 1-year high of $22.71. The stock’s market cap is $278.28 million.

Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings data on Thursday, August 18th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.01 by $0.14. The company earned $202 million during the quarter, compared to the consensus estimate of $197.63 million. Perry Ellis International had a negative net margin of 0.54% and a positive return on equity of 8.31%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. Equities analysts forecast that Perry Ellis International Inc. will post $1.98 EPS for the current year.

Several analysts have issued reports on PERY shares. Brean Capital reaffirmed a “buy” rating on shares of Perry Ellis International in a research report on Thursday, September 22nd. Zacks Investment Research raised shares of Perry Ellis International from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, August 23rd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $26.00 price target on shares of Perry Ellis International in a research report on Thursday, August 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.50.

In related news, insider Stanley P. Silverstein sold 10,942 shares of Perry Ellis International stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $19.61, for a total value of $214,572.62. Following the completion of the sale, the insider now owns 74,960 shares of the company’s stock, valued at approximately $1,469,965.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 22.20% of the company’s stock.

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.

Related posts

Leave a Comment