Shares of Pier 1 Imports Inc (NYSE:PIR) have been assigned an average rating of “Hold” from the nineteen analysts that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $4.78.
Several brokerages have weighed in on PIR. Zacks Investment Research cut Pier 1 Imports from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Gordon Haskett cut Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 price objective for the company. in a report on Thursday, December 14th. Loop Capital set a $4.00 price objective on Pier 1 Imports and gave the company a “hold” rating in a report on Thursday, December 14th. ValuEngine raised Pier 1 Imports from a “hold” rating to a “buy” rating in a report on Monday, December 11th. Finally, UBS Group reaffirmed a “sell” rating and issued a $3.50 price objective (down from $4.00) on shares of Pier 1 Imports in a report on Saturday, September 30th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PIR. Oppenheimer & Co. Inc. grew 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 during the last quarter. Aperio Group LLC grew its position in shares of Pier 1 Imports by 72.0% in the 3rd quarter. Aperio Group LLC now owns 34,231 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 14,334 shares during the last quarter. Paradigm Capital Management Inc. NY bought a new stake in shares of Pier 1 Imports in the 3rd quarter valued at about $172,000. SG Americas Securities LLC bought a new stake in shares of Pier 1 Imports in the 2nd quarter valued at about $178,000. Finally, Public Employees Retirement System of Ohio grew 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 during the last quarter. Hedge funds and other institutional investors own 77.92% of the company’s stock.
Pier 1 Imports (NYSE:PIR) traded up $0.01 on Tuesday, reaching $4.25. The company had a trading volume of 2,814,700 shares, compared to its average volume of 2,495,840. The company has a market cap of $356.11, a P/E ratio of 14.66, a PEG ratio of -7.07 and a beta of 1.86. Pier 1 Imports has a twelve month low of $3.96 and a twelve month high of $8.97. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.14 and a quick ratio of 0.61.
Pier 1 Imports (NYSE:PIR) last released its quarterly earnings results on Wednesday, December 13th. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). The firm had revenue of $469.20 million during 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%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 earnings per share. sell-side analysts predict that Pier 1 Imports will post 0.2 EPS for the current year.
The company 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 dividend of $0.07 per share. The ex-dividend date is Tuesday, January 16th. This represents a $0.28 dividend on an annualized basis and a yield of 6.59%. Pier 1 Imports’s dividend payout ratio is currently 96.55%.
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About Pier 1 Imports
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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