Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Pier 1 Imports from a sell rating to a hold rating in a research report on Wednesday, August 31st. Bank of America Corp. restated a sell rating on shares of Pier 1 Imports in a research report on Thursday, June 30th. Jefferies Group set a $4.30 price target on shares of Pier 1 Imports and gave the company a hold rating in a research report on Thursday, September 8th. Topeka Capital Markets started coverage on shares of Pier 1 Imports in a research report on Sunday, May 29th. They set a buy rating and a $5.48 price target for the company. Finally, Wedbush restated a neutral rating and set a $5.00 price target (down from $6.00) on shares of Pier 1 Imports in a research report on Thursday, June 30th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $6.78.
Shares of Pier 1 Imports (NYSE:PIR) opened at 4.26 on Thursday. Pier 1 Imports has a 12 month low of $3.73 and a 12 month high of $8.23. The company has a 50-day moving average price of $4.51 and a 200-day moving average price of $5.58. The company has a market capitalization of $347.88 million, a price-to-earnings ratio of 13.48 and a beta of 1.73.
Pier 1 Imports (NYSE:PIR) last announced its earnings results on Wednesday, June 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.02. Pier 1 Imports had a return on equity of 9.60% and a net margin of 1.44%. The company earned $418.40 million during the quarter. During the same period in the previous year, the business earned $0.08 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Pier 1 Imports will post $0.26 EPS for the current year.
A number of large investors have recently modified their holdings of the company. Bayesian Capital Management LP acquired a new position in shares of Pier 1 Imports during the first quarter valued at $118,000. Cubist Systematic Strategies LLC acquired a new position in shares of Pier 1 Imports during the second quarter valued at $117,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Pier 1 Imports during the second quarter valued at $136,000. Stevens Capital Management LP acquired a new position in shares of Pier 1 Imports during the second quarter valued at $136,000. Finally, Princeton Alpha Management LP acquired a new position in shares of Pier 1 Imports during the second quarter valued at $143,000. Institutional investors own 98.63% of the company’s stock.
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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