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PERY

Perry Ellis

$27.50

(0.00%)

16:51
10/22/18
10/22
16:51
10/22/18
16:51

Perry Ellis announces completion of its acquisition in $437M transaction

Perry Ellis International announced the successful completion of its acquisition by an entity controlled by George Feldenkreis in which Perry Ellis has become a private company through a $437M transaction. Under the terms of the Feldenkreis merger agreement, Perry Ellis' unaffiliated shareholders will receive $27.50 per share in cash. Shares of Perry Ellis ceased trading on the Nasdaq Global Select Market prior to the open of trading on October 22, 2018 and will no longer be listed on an exchange or quotation system."Today, Perry Ellis enters an exciting new chapter as a private enterprise," said George Feldenkreis. "I want to thank all of our associates at Perry Ellis for their support and hard work to accomplish this transaction. We are also very grateful to our bankers and advisors that have helped the Feldenkreis family to complete this herculean job." "We are thrilled to provide a financing solution that has enabled the founding family of Perry Ellis to set this storied company on a new and exciting path for future success," said Josh Pack, managing partner of Fortress Investment Group.

  • 03

    Mar

PERY Perry Ellis
$27.50

(0.00%)

06/01/18
06/01/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Southwest (LUV) downgraded to In-Line from Outperform at Imperial Capital with analyst Michael Derchin saying he expects Southwest to face unit revenue pressures through fiscal 2019 from higher capacity growth in the "weaker" off-peak period as well as heightened competition in California and Denver. 2. AbbVie (ABBV) downgraded to Neutral from Overweight at Piper Jaffray with analyst Christopher Raymond saying the stock's risk/reward, while once compelling on the reward side, may be skewing increasingly toward risk. 3. Scotts Miracle-Gro (SMG) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying the company faces challenges both in its core consumer business and in its hydroponics operation, which serves the cannabis market. 4. Owens Corning (OC) downgraded to Hold from Buy at Argus. 5. Perry Ellis (PERY) downgraded to Market Perform from Outperform at IFS Securities and to Neutral from Buy at Sidoti. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/01/18
IFSG
06/01/18
DOWNGRADE
IFSG
Market Perform
Perry Ellis downgraded to Market Perform from Outperform at IFS Securities
06/01/18
SIDC
06/01/18
DOWNGRADE
SIDC
Neutral
Perry Ellis downgraded to Neutral from Buy at Sidoti
02/08/18
DADA
02/08/18
INITIATION
Target $27.5
DADA
Neutral
Perry Ellis initiated with a Neutral at DA Davidson
DA Davidson analyst Andrew Burns initiated Perry Ellis with a Neutral rating and a price target of $27.50, saying the company is poised for growth thanks to its "portfolio of globally recognized brands and a healthy balance sheet". Burns further cites an improving retail backdrop, continued category expansion, and growth of the company's international and direct-to-consumer divisions.

TODAY'S FREE FLY STORIES

ARMK

Aramark

$35.81

-1.045 (-2.84%)

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ADT

ADT Inc.

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-0.39 (-4.83%)

, AMZN

Amazon.com

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Initiation
ADT Inc., Amazon.com initiated  »

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AMZN

Amazon.com

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NUAN

Nuance

$16.27

-0.61 (-3.61%)

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  • 19

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ORPN

Bio Blast Pharma

$1.19

-0.02 (-1.65%)

16:48
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Conference/Events
Bio Blast Pharma to host conference call »

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PSTG

Pure Storage

$17.56

-1.56 (-8.16%)

16:48
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Pure Storage up 6.4% after Q3 results beat estimates, FY19 guidance raised »

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  • 19

    Nov

  • 26

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ORPN

Bio Blast Pharma

$1.19

-0.02 (-1.65%)

16:45
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ADT

ADT Inc.

$7.68

-0.39 (-4.83%)

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Initiation
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  • 27

    Nov

ARMK

Aramark

$35.81

-1.045 (-2.84%)

16:42
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16:42
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16:42
Initiation
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CTAS

Cintas

$179.63

-3.47 (-1.90%)

16:41
11/19/18
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16:41
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Initiation
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BECN

Beacon Roofing

$27.74

0.12 (0.43%)

16:40
11/19/18
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16:40
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16:40
Earnings
Beacon Roofing sees FY19 adjusted EPS $2.90-$3.35, consensus $3.79 »

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  • 19

    Nov

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    Dec

SERV

ServiceMaster

$41.84

-0.58 (-1.37%)

16:40
11/19/18
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16:40
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Initiation
ServiceMaster initiated  »

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  • 11

    Dec

EEX

Emerald Expositions Events

$10.92

-0.63 (-5.45%)

16:39
11/19/18
11/19
16:39
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Initiation
Emerald Expositions Events initiated  »

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PBIP

Prudential Bancorp

$17.32

-0.03 (-0.17%)

16:38
11/19/18
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16:38
Hot Stocks
Prudential Bancorp announces third stock repurchase program for 900,000 shares »

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POST

Post Holdings

$91.74

-4.31 (-4.49%)

16:37
11/19/18
11/19
16:37
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16:37
Syndicate
Post Holdings announces termination of convertible preferred stock offering »

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FULT

Fulton Financial

$16.89

-0.06 (-0.35%)

16:36
11/19/18
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Hot Stocks
Fulton Financial announces special cash dividend of four cents per share »

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NFG

National Fuel

$53.79

0.755 (1.42%)

16:35
11/19/18
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National Fuel CIO Wegrzyn to retire »

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LB

L Brands

$34.53

-0.75 (-2.13%)

16:35
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Hot Stocks
L Brands names John Mehas as CEO of Victoria's Secret Lingerie unit »

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  • 20

    Nov

XOMA

Xoma

$14.22

-0.045 (-0.32%)

16:35
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Syndicate
Xoma commences rights offering to raise approximately $20M »

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DNLI

Denali Therapeutics

$18.18

-1.05 (-5.46%)

, SNY

Sanofi

$44.92

-0.19 (-0.42%)

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DNLI

Denali Therapeutics

$18.18

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SNY

Sanofi

$44.92

-0.19 (-0.42%)

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  • 02

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LB

L Brands

$34.53

-0.75 (-2.13%)

16:34
11/19/18
11/19
16:34
11/19/18
16:34
Earnings
L Brands raises FY18 EPS view to $2.60-$2.80 from $2.45-$2.70, consensus $2.63 »

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  • 20

    Nov

PGNX

Progenics

$5.20

-0.16 (-2.99%)

16:34
11/19/18
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Progenics announces presentation of updated data for Azedra »

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  • 27

    Nov

LB

L Brands

$34.53

-0.75 (-2.13%)

16:34
11/19/18
11/19
16:34
11/19/18
16:34
Earnings
Breaking Earnings news story on L Brands »

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  • 20

    Nov

HGV

Hilton Grand Vacations

$29.52

-0.09 (-0.30%)

16:33
11/19/18
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Hot Stocks
Hilton Grand Vacations names Gordon Gurnik as COO »

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  • 04

    Dec

LB

L Brands

$34.53

-0.75 (-2.13%)

16:33
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11/19
16:33
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16:33
Hot Stocks
Breaking Hot Stocks news story on L Brands »

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  • 20

    Nov

LB

L Brands

$34.53

-0.75 (-2.13%)

16:32
11/19/18
11/19
16:32
11/19/18
16:32
Hot Stocks
L Brands to cut annual dividend to $1.20 from $2.40 »

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  • 20

    Nov

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