Brean Capital Believes PERY Won’t Stop Here

By Austin Angelo

Brean Capital analyst Eric Tracy maintained a Buy rating on Perry Ellis (NASDAQ: PERY) today and set a price target of $27. The company’s shares opened today at $24.42, close to its 52-week high of $24.63.

According to TipRanks.com, Tracy is a 5-star analyst with an average return of 9.4% and a 58.7% success rate. Tracy covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, G-III Apparel Group, and Gildan Activewear.

Perry Ellis has an analyst consensus of Moderate Buy, with a price target consensus of $27.

The company has a one year high of $24.63 and a one year low of $15.73. Currently, Perry Ellis has an average volume of 78.12K.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is neutral on the stock. Most recently, in July 2016, Oscar Feldenkreis, the President & COO of PERY sold 25,000 shares for a total of $549,250.

Perry Ellis International, Inc. designs, distributes and licenses men’s, women’s and children’s apparel, accessories and fragrances. It offers men’s wear, including career and casual sportswear, bottoms, pants, jeans wear, golf apparel, sweaters, sports apparel, swimwear and swim accessories, active wear, outerwear and leather accessories; and women’s wear comprising dresses, sportswear, swimwear, and swim accessories. The company operates its business through four segments: Men’s Sportswear & Swim, Women’s Sportswear, Direct-to-Consumer and Licensing. The Men’s Sportswear & Swim segment offerings include career and casual sportswear and bottoms, dress shirts and pants, jeans wear, golf apparel, sweaters, sports apparel, swimwear and swim accessories, active wear, outerwear and leather accessories. The Women’s Sportswear segment offerings include dresses, sportswear, swimwear and swim accessories. The Direct-to-Consumer segment sells the company’s branded and licensed products through its retail stores and e-commerce platform. The Licensing segment provides licensees to the companies for using its brand names, principally Perry Ellis, Jantzen, John Henry, Original Penguin, Gotcha, Farah, Savane, Pro Player, Manhattan and Munsingwear. Perry Ellis International was founded by George Feldenkreis in 1967 and is headquartered in Miami, FL.