Pier 1 Imports Inc (NYSE:PIR) – Investment analysts at KeyCorp lowered their FY2018 earnings per share estimates for shares of Pier 1 Imports in a research report issued on Wednesday, according to Zacks Investment Research. KeyCorp analyst B. Thomas now expects that the specialty retailer will post earnings per share of $0.24 for the year, down from their previous estimate of $0.42. KeyCorp also issued estimates for Pier 1 Imports’ Q4 2018 earnings at $0.24 EPS and FY2019 earnings at $0.28 EPS.
PIR has been the topic of a number of other reports. Zacks Investment Research upgraded Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Credit Suisse Group restated a “sell” rating and set a $4.00 price target on shares of Pier 1 Imports in a research note on Friday, September 29th. Loop Capital downgraded Pier 1 Imports from a “buy” rating to a “hold” rating and decreased their price objective for the company from $8.00 to $4.00 in a report on Thursday, September 28th. Gordon Haskett downgraded Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 price objective on the stock. in a report on Thursday, December 14th. Finally, ValuEngine raised Pier 1 Imports from a “hold” rating to a “buy” rating in a report on Monday, December 11th. Eight investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $4.78.
Pier 1 Imports (NYSE:PIR) opened at $4.16 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.14 and a quick ratio of 0.61. The company has a market capitalization of $356.11, a PE ratio of 14.34, a PEG ratio of -7.07 and a beta of 1.86. Pier 1 Imports has a 12 month low of $3.96 and a 12 month high of $8.92.
Pier 1 Imports (NYSE:PIR) last posted its earnings results on Wednesday, December 13th. The specialty retailer reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). The company had revenue of $469.20 million for the quarter, compared to the consensus estimate of $466.60 million. Pier 1 Imports had a net margin of 1.28% and a return on equity of 10.17%. Pier 1 Imports’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.22 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 6.73%. The ex-dividend date is Tuesday, January 16th. Pier 1 Imports’s dividend payout ratio (DPR) is presently 96.55%.
A number of hedge funds have recently bought and sold shares of PIR. Aperio Group LLC bought a new stake in shares of Pier 1 Imports in the 2nd quarter valued at $103,000. Oppenheimer & Co. Inc. increased its position in shares of Pier 1 Imports by 149.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 31,400 shares of the specialty retailer’s stock valued at $132,000 after buying an additional 18,800 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Pier 1 Imports in the 2nd quarter valued at $178,000. Public Employees Retirement System of Ohio increased its position in shares of Pier 1 Imports by 4.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 37,431 shares of the specialty retailer’s stock valued at $194,000 after buying an additional 1,583 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in Pier 1 Imports in the 2nd quarter worth $206,000. Hedge funds and other institutional investors own 77.92% of the company’s stock.
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Pier 1 Imports Company Profile
Pier 1 Imports, Inc is an importer of home decor and furniture. The Company’s operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of decorative accessories, furniture, candles, housewares, gifts and seasonal products. The Company’s categories of merchandise include decorative accessories and furniture.
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