Deutsche Bank Downgrades Perry Ellis (PERY) to Hold
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Price: $27.50 --0%
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 8 | New: 17
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 8 | New: 17
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Deutsche Bank downgraded Perry Ellis (NASDAQ: PERY) to Hold. PT $29.
Deutsche analyst says, "This morning, PERY reported disappointing 3Q EPS of $0.40 versus our forecast of $0.58 and the Street's $0.61. While sales of $248M were more or less in-line with our own number, gross margin declined by 240bp, by more than our expectation and that of the Street. Management noted higher levels of promotional activity than previously expected, as well as some issues with brand direction."
For an analyst ratings summary and ratings history on Perry Ellis click here. For more ratings news on Perry Ellis click here.
Shares of Perry Ellis closed at $21.44 yesterday.
Deutsche analyst says, "This morning, PERY reported disappointing 3Q EPS of $0.40 versus our forecast of $0.58 and the Street's $0.61. While sales of $248M were more or less in-line with our own number, gross margin declined by 240bp, by more than our expectation and that of the Street. Management noted higher levels of promotional activity than previously expected, as well as some issues with brand direction."
For an analyst ratings summary and ratings history on Perry Ellis click here. For more ratings news on Perry Ellis click here.
Shares of Perry Ellis closed at $21.44 yesterday.
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