Anson Funds Management Lp Lowers stake in Perry Ellis International (PERY)

Perry Ellis International (PERY) : Anson Funds Management Lp reduced its stake in Perry Ellis International by 14.17% during the most recent quarter end. The investment management company now holds a total of 487,790 shares of Perry Ellis International which is valued at $10,365,538 after selling 80,534 shares in Perry Ellis International , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Perry Ellis International makes up approximately 5.49% of Anson Funds Management Lp’s portfolio.

Other Hedge Funds, Including , Tfs Capital added PERY to its portfolio by purchasing 51,254 company shares during the most recent quarter which is valued at $1,036,356. Perry Ellis International makes up approx 0.25% of Tfs Capital’s portfolio.Blackrock Group Ltd boosted its stake in PERY in the latest quarter, The investment management firm added 590 additional shares and now holds a total of 26,977 shares of Perry Ellis International which is valued at $511,484. Dupont Capital Management Corp sold out all of its stake in PERY during the most recent quarter. The investment firm sold 19,730 shares of PERY which is valued $363,229.California Public Employees Retirement System boosted its stake in PERY in the latest quarter, The investment management firm added 3,700 additional shares and now holds a total of 49,800 shares of Perry Ellis International which is valued at $941,220.

Perry Ellis International closed down -0.51 points or -2.09% at $23.9 with 1,25,764 shares getting traded on Monday. Post opening the session at $24.42, the shares hit an intraday low of $23.6 and an intraday high of $24.625 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Perry Ellis International reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Nov 17, 2016. Analyst had a consensus of $0.16. The company had revenue of $194.00 million for the quarter, compared to analysts expectations of $194.67 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 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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