Pier 1 Imports Inc. (NYSE:PIR) – Equities research analysts at Jefferies Group increased their Q3 2017 earnings per share (EPS) estimates for shares of Pier 1 Imports in a research note issued on Thursday. Jefferies Group analyst D. Binder now anticipates that the brokerage will post earnings per share of $0.06 for the quarter, up from their previous estimate of $0.05. Jefferies Group currently has a “Hold” rating and a $4.50 price objective on the stock. Jefferies Group also issued estimates for Pier 1 Imports’ Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $0.21 EPS and FY2018 earnings at $0.28 EPS.
Several other brokerages also recently commented on PIR. Deutsche Bank AG assumed coverage on shares of Pier 1 Imports in a research note on Sunday, June 26th. They issued a “sell” rating and a $5.50 price objective for the company. BTIG Research reissued a “sell” rating and issued a $3.50 price objective on shares of Pier 1 Imports in a research note on Thursday, September 29th. Zacks Investment Research downgraded shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a research note on Saturday, September 10th. Credit Suisse Group AG downgraded shares of Pier 1 Imports from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $4.50 to $4.00 in a research note on Thursday, September 8th. Finally, Nomura reissued a “buy” rating and issued a $8.50 price objective on shares of Pier 1 Imports in a research note on Thursday, September 8th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.30.
Pier 1 Imports (NYSE:PIR) opened at 4.31 on Monday. The stock has a 50 day moving average of $4.38 and a 200-day moving average of $5.45. Pier 1 Imports has a 1-year low of $3.73 and a 1-year high of $8.23. The company has a market cap of $346.68 million, a PE ratio of 18.11 and a beta of 1.82.
Pier 1 Imports (NYSE:PIR) last posted its earnings results on Wednesday, September 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). Pier 1 Imports had a net margin of 1.06% and a return on equity of 7.20%. The company earned $405.80 million during the quarter. During the same quarter last year, the firm posted $0.04 EPS. The business’s revenue was down 6.7% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date is Monday, October 17th. Pier 1 Imports’s dividend payout ratio is currently 116.67%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Pier 1 Imports by 356.4% in the second quarter. JPMorgan Chase & Co. now owns 6,015,526 shares of the company’s stock worth $30,920,000 after buying an additional 4,697,584 shares in the last quarter. Numeric Investors LLC boosted its position in shares of Pier 1 Imports by 153.2% in the second quarter. Numeric Investors LLC now owns 3,593,202 shares of the company’s stock worth $18,469,000 after buying an additional 2,174,042 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Pier 1 Imports by 108.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,581,130 shares of the company’s stock worth $18,408,000 after buying an additional 1,862,793 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Pier 1 Imports during the second quarter worth $4,193,000. Finally, Bogle Investment Management L P DE purchased a new position in Pier 1 Imports during the first quarter worth $5,087,000. Hedge funds and other institutional investors own 98.63% of the company’s stock.
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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