Algert Global buys $2,626,893 stake in Perry Ellis International (PERY)

Perry Ellis International (PERY) : Algert Global scooped up 69,143 additional shares in Perry Ellis International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 137,318 shares of Perry Ellis International which is valued at $2,626,893.Perry Ellis International makes up approximately 0.77% of Algert Global’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in PERY in the latest quarter, The investment management firm added 8,200 additional shares and now holds a total of 10,243 shares of Perry Ellis International which is valued at $195,949.Cutler Group Lp reduced its stake in PERY by selling 2,338 shares or 56.3% in the most recent quarter. The Hedge Fund company now holds 1,815 shares of PERY which is valued at $35,683.Simplex Trading reduced its stake in PERY by selling 654 shares or 26.43% in the most recent quarter. The Hedge Fund company now holds 1,820 shares of PERY which is valued at $35,071.Bnp Paribas Arbitrage Sa reduced its stake in PERY by selling 1,843 shares or 50.87% in the most recent quarter. The Hedge Fund company now holds 1,780 shares of PERY which is valued at $33,891.

Perry Ellis International closed down -0.53 points or -2.70% at $19.13 with 50,169 shares getting traded on Tuesday. Post opening the session at $19.65, the shares hit an intraday low of $19.08 and an intraday high of $19.73 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Perry Ellis International reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.01. The company had revenue of $193.34 million for the quarter, compared to analysts expectations of $197.63 million. The company’s revenue was down -5.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

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 retail distribution. The Company’s operating segments include Men’s Sportswear and Swim Women’s Sportswear Direct-to-Consumer and Licensing. The Men’s Sportswear and Swim and Women’s Sportswear segments derive revenues from the design import and distribution of apparel to department stores and other retail outlets across the United States. The Direct-to-Consumer segment derives its revenues from the sale of the Company’s branded and licensed products through the Company’s retail stores and e-commerce platform. The Licensing segment derives its revenues from royalties associated from the use of the Company’s brand names. The Company’s portfolio of brands include Axist Ben Hogan Cubavera Farah Grand Slam Laundry by Shelli Segal Manhattan Perry Ellis Rafaella and Savane among others.

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