Ameriprise Financial Inc. lifted its position in Perry Ellis International Inc. (NASDAQ:PERY) by 46.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,617 shares of the textile maker’s stock after acquiring an additional 38,753 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.81% of Perry Ellis International worth $2,367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PERY. Vanguard Group Inc. grew its stake in shares of Perry Ellis International by 12.8% in the 1st quarter. Vanguard Group Inc. now owns 664,127 shares of the textile maker’s stock worth $14,266,000 after acquiring an additional 75,397 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Perry Ellis International by 169.3% in the 1st quarter. Prudential Financial Inc. now owns 116,685 shares of the textile maker’s stock worth $2,506,000 after acquiring an additional 73,360 shares in the last quarter. ClariVest Asset Management LLC grew its stake in shares of Perry Ellis International by 19.4% in the 2nd quarter. ClariVest Asset Management LLC now owns 264,941 shares of the textile maker’s stock worth $5,156,000 after acquiring an additional 43,000 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Perry Ellis International by 38.2% in the 1st quarter. Alliancebernstein L.P. now owns 120,880 shares of the textile maker’s stock worth $2,597,000 after acquiring an additional 33,420 shares in the last quarter. Finally, Bowling Portfolio Management LLC boosted its holdings in shares of Perry Ellis International by 84.6% in the 2nd quarter. Bowling Portfolio Management LLC now owns 57,446 shares of the textile maker’s stock worth $1,118,000 after buying an additional 26,327 shares during the last quarter. Hedge funds and other institutional investors own 71.17% of the company’s stock.

Perry Ellis International Inc. (PERY) opened at 23.29 on Wednesday. The company has a 50 day moving average of $22.76 and a 200-day moving average of $20.38. Perry Ellis International Inc. has a one year low of $16.35 and a one year high of $29.00. The stock has a market capitalization of $351.07 million, a P/E ratio of 20.39 and a beta of 0.65.

Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings data on Thursday, August 24th. The textile maker reported $0.16 EPS for the quarter, topping the consensus estimate of $0.10 by $0.06. Perry Ellis International had a return on equity of 9.05% and a net margin of 2.08%. The company had revenue of $206.60 million during the quarter, compared to the consensus estimate of $204.97 million. During the same period last year, the company earned $0.15 EPS. Perry Ellis International’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts predict that Perry Ellis International Inc. will post $2.15 earnings per share for the current fiscal year.

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A number of brokerages recently weighed in on PERY. KeyCorp reissued a “hold” rating on shares of Perry Ellis International in a report on Thursday, August 24th. Zacks Investment Research downgraded shares of Perry Ellis International from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Ifs Securities began coverage on shares of Perry Ellis International in a report on Tuesday. They issued an “outperform” rating on the stock. FBR & Co reissued an “outperform” rating and issued a $25.00 price target on shares of Perry Ellis International in a report on Tuesday, July 11th. Finally, BidaskClub downgraded shares of Perry Ellis International from a “hold” rating to a “sell” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $28.75.

In related news, insider Stanley P. Silverstein sold 13,507 shares of Perry Ellis International stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total value of $298,639.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luis S. Paez sold 3,812 shares of Perry Ellis International stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $21.55, for a total value of $82,148.60. The disclosure for this sale can be found here. 20.20% of the stock is currently owned by company insiders.

About Perry Ellis International

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.

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

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