Frigate Ventures Lp buys $9.4 Million stake in Perry Ellis International (PERY)

Perry Ellis International (PERY) : Frigate Ventures Lp scooped up 50,700 additional shares in Perry Ellis International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 568,324 shares of Perry Ellis International which is valued at $9.4 Million.Perry Ellis International makes up approximately 6.10% of Frigate Ventures Lp’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in PERY in the latest quarter, The investment management firm added 13,307 additional shares and now holds a total of 524,237 shares of Perry Ellis International which is valued at $8.6 Million.Mufg Americas Holdings Corp boosted its stake in PERY in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 310 shares of Perry Ellis International which is valued at $5,103.Menta Capital reduced its stake in PERY by selling 700 shares or 1.69% in the most recent quarter. The Hedge Fund company now holds 40,824 shares of PERY which is valued at $671,963. Perry Ellis International makes up approx 0.09% of Menta Capital’s portfolio.Blackrock Advisors boosted its stake in PERY in the latest quarter, The investment management firm added 46,355 additional shares and now holds a total of 51,535 shares of Perry Ellis International which is valued at $848,266.Oxford Asset Management boosted its stake in PERY in the latest quarter, The investment management firm added 16,648 additional shares and now holds a total of 113,454 shares of Perry Ellis International which is valued at $1.9 Million. Perry Ellis International makes up approx 0.07% of Oxford Asset Management’s portfolio.

Perry Ellis International opened for trading at $19.8 and hit $19.99 on the upside on Wednesday, eventually ending the session at $19.71, with a gain of 0.15% or 0.03 points. The heightened volatility saw the trading volume jump to 62,353 shares. Company has a market cap of $303 M.

On the company’s financial health, Perry Ellis International reported $1.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.89. The company had revenue of $261.30 million for the quarter, compared to analysts expectations of $254.26 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.99 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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