Benchmark Reiterates Buy on Perry Ellis as it's Expects In-line EPS for Q4

Benchmark analyst Ronald Bookbinder published a report on Perry Ellis PERY that reiterated it's Buy rating and price target of $22 as it expects in-line EPS and guidance for Q4. In the report Benchmark said, "We expect EPS in line with consensus of $0.49, versus $0.38 last year, as revenues were negatively impacted by a shift to 1Q14, from 4Q13, and soft traffic due to superstorm Sandy and warm weather. We maintain our FY14 EPS estimate of $1.60, excluding one time events, at the high end of management's FY14 EPS guidance of $1.50 to $1.60, and versus consensus of $1.61." Perry Ellis closed Monday at $17.20.