Pier 1 Imports Inc. (NYSE:PIR) – Research analysts at Oppenheimer Holdings lifted their Q3 2017 EPS estimates for shares of Pier 1 Imports in a note issued to investors on Thursday. Oppenheimer Holdings analyst B. Nagel now anticipates that the firm will earn $0.10 per share for the quarter, up from their previous forecast of $0.08. Oppenheimer Holdings has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Pier 1 Imports’ FY2017 earnings at $0.24 EPS.
A number of other research analysts also recently commented on PIR. Deutsche Bank AG assumed coverage on Pier 1 Imports in a report on Sunday, June 26th. They issued a “sell” rating and a $5.50 price target for the company. BTIG Research reissued a “sell” rating and issued a $3.50 price target on shares of Pier 1 Imports in a report on Thursday. Guggenheim reissued a “neutral” rating on shares of Pier 1 Imports in a report on Friday. Citigroup Inc. downgraded Pier 1 Imports from a “strong-buy” rating to a “market perform” rating in a report on Thursday, September 8th. Finally, Zacks Investment Research downgraded Pier 1 Imports from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $6.30.
Pier 1 Imports (NYSE:PIR) last released its earnings results on Wednesday, September 28th. The company reported ($0.05) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The firm earned $405.80 million during the quarter. Pier 1 Imports had a return on equity of 7.20% and a net margin of 1.06%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 earnings per share.
Several institutional investors have recently modified their holdings of PIR. Aristotle Capital Boston LLC boosted its position in shares of Pier 1 Imports by 3.0% in the second quarter. Aristotle Capital Boston LLC now owns 410,748 shares of the company’s stock worth $2,111,000 after buying an additional 12,139 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Pier 1 Imports by 25.9% in the second quarter. Public Employees Retirement System of Ohio now owns 28,411 shares of the company’s stock valued at $146,000 after buying an additional 5,853 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Pier 1 Imports by 16.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 844,191 shares of the company’s stock valued at $4,340,000 after buying an additional 118,266 shares during the period. Numeric Investors LLC boosted its stake 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 valued at $18,469,000 after buying an additional 2,174,042 shares during the period. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Pier 1 Imports during the second quarter valued at approximately $286,000. Institutional investors and hedge funds own 98.63% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend is Monday, October 17th. Pier 1 Imports’s payout ratio is 116.67%.
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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