It is currently trading at $22.30 barely above the 50 day moving average which is $20.29 and quite a bit higher than the 200 day moving average of $20.10. The 50 day moving average was up $2.01 and the 200 day average was up $2.20. Trading was light with 72K shares changing hands on Wednesday. Overall, volume was down 42.75% under the stocks normal daily volume.
Traders are more bearish lately if you put credence in the rise in short interest. The company had a rise in short interest from August 15, 2017 to August 31, 2017 of 7.81%. Short interest grew 39,851 over that timeframe. Days to cover decreased from 7.0 to 4.0 and the percentage of shorted shares was 0.04% on August 31.
The following firms have recently changed their position in PERY. As of the end of the quarter Financial Consulate, Inc had acquired 4,915 shares growing its position 46.1%. The value of the total investment in Perry Ellis International Inc. increased from $229,000 to $303,000 increasing 32.3% since the last quarter. As of quarter end Two Sigma Advisers, Lp had sold a total of 2,974 shares trimming its holdings by 5.6%. The value of the investment in Perry Ellis International Inc. went from $1,146,000 to $980,000 a change of $166,000 quarter over quarter.
Pacific Ridge Capital Partners, LLC cut its ownership by selling 780 shares a decrease of 2.1% from 03/31/2017 to 06/30/2017. Pacific Ridge Capital Partners, LLC now controls 36,010 shares valued at $701,000. The total value of its holdings decreased 11.3%. As of quarter end Hutchin Hill Capital, Lp had bought 600 shares growing its stake by 3.8%. The value of the company’s investment in Perry Ellis International Inc. decreased from $335,000 to $315,000 a change of 6.0% for the reporting period.
The P/E ratio is 19.53 and the market cap of the company is 336.15M. As of the latest earnings report the EPS was $1.14 and is estimated to be $2.15 for the current year with 15,074,000 shares now outstanding. Next quarter’s EPS is expected be $0.90 with next year’s EPS projected to be $2.40.
Perry Ellis International, Inc., launched on April 5, 1967, 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. The Company operates through four segments: Men’s Sportswear and Swim, Women’s Sportswear, Direct-to-Consumer and Licensing. The Business’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..