Pier 1 Imports Inc. (NYSE:PIR) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.09-0.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.12. Pier 1 Imports also updated its Q4 guidance to $0.24-0.32 EPS.
A number of equities research analysts have commented on the company. BTIG Research assumed coverage on Pier 1 Imports in a report on Thursday, June 2nd. They issued a neutral rating for the company. Wolfe Research raised Pier 1 Imports from an underperform rating to a peer perform rating in a research note on Wednesday, June 22nd. Telsey Advisory Group cut their price target on Pier 1 Imports from $6.00 to $5.00 and set a market perform rating for the company in a research note on Thursday, June 30th. Wedbush reaffirmed a neutral rating and set a $5.00 price target (down previously from $6.00) on shares of Pier 1 Imports in a research note on Thursday, June 30th. Finally, Deutsche Bank AG started coverage on Pier 1 Imports in a research note on Sunday, June 26th. They set a sell rating and a $5.50 price target for the company. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $6.40.
Shares of Pier 1 Imports Inc. (NYSE:PIR) traded up 2.15% during mid-day trading on Wednesday, hitting $4.27. The stock had a trading volume of 4,069,341 shares. The firm has a market cap of $348.70 million, a price-to-earnings ratio of 13.51 and a beta of 1.73. Pier 1 Imports Inc. has a one year low of $3.73 and a one year high of $8.23. The company has a 50-day moving average of $4.44 and a 200 day moving average of $5.51.
Pier 1 Imports (NYSE:PIR) last released its earnings results on Wednesday, September 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.05). The firm had revenue of $405.80 million for the quarter, compared to analyst estimates of $406.96 million. Pier 1 Imports had a return on equity of 9.60% and a net margin of 1.44%. The company’s revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS. On average, equities research analysts forecast that Pier 1 Imports Inc. will post $0.26 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Pier 1 Imports during the second quarter worth approximately $117,000. Stevens Capital Management LP purchased a new stake in shares of Pier 1 Imports during the second quarter worth approximately $136,000. BlackRock Inc. increased its stake in shares of Pier 1 Imports by 341.1% in the second quarter. BlackRock Inc. now owns 33,739 shares of the company’s stock worth $173,000 after buying an additional 26,090 shares in the last quarter. KCG Holdings Inc. purchased a new stake in shares of Pier 1 Imports during the second quarter worth approximately $180,000. Finally, BlackRock Advisors LLC increased its stake in shares of Pier 1 Imports by 3.9% in the second quarter. BlackRock Advisors LLC now owns 40,719 shares of the company’s stock worth $209,000 after buying an additional 1,520 shares in the last quarter. 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.
Receive News & Ratings for Pier 1 Imports Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports Inc. and related companies with MarketBeat.com's FREE daily email newsletter.