Pier 1 Imports Inc. (NYSE:PIR) – Research analysts at Oppenheimer Holdings decreased their Q4 2017 EPS estimates for Pier 1 Imports in a research note issued on Thursday. Oppenheimer Holdings analyst B. Nagel now anticipates that the brokerage will post earnings per share of $0.26 for the quarter, down from their previous estimate of $0.28. Oppenheimer Holdings currently has a “Market Perform” rating on the stock.
Pier 1 Imports (NYSE:PIR) last posted its earnings results on Wednesday, September 28th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). Pier 1 Imports had a net margin of 1.06% and a return on equity of 7.20%. The business had revenue of $405.80 million for the quarter. During the same quarter in the prior year, the business earned $0.04 earnings per share. The firm’s quarterly revenue was down 6.7% on a year-over-year basis.
Several other research firms also recently commented on PIR. Jefferies Group reaffirmed a “hold” rating and set a $4.50 price objective (up from $4.25) on shares of Pier 1 Imports in a report on Thursday. Deutsche Bank AG initiated coverage on shares of Pier 1 Imports in a report on Sunday, June 26th. They set a “sell” rating and a $5.50 price objective on the stock. BTIG Research reaffirmed a “sell” rating and set a $3.50 price objective on shares of Pier 1 Imports in a report on Thursday. Zacks Investment Research downgraded shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a report on Saturday, September 10th. Finally, Credit Suisse Group AG cut Pier 1 Imports from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $4.50 to $4.00 in a research report on Thursday, September 8th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.30.
Pier 1 Imports (NYSE:PIR) traded down 5.15% during midday trading on Friday, reaching $4.24. 4,421,295 shares of the company traded hands. The company has a market capitalization of $341.05 million, a price-to-earnings ratio of 17.82 and a beta of 1.73. Pier 1 Imports has a one year low of $3.73 and a one year high of $8.23. The stock’s 50 day moving average is $4.40 and its 200 day moving average is $5.48.
A number of hedge funds have recently made changes to their positions in the company. TIAA CREF Investment Management LLC raised its stake in shares of Pier 1 Imports by 36.1% in the first quarter. TIAA CREF Investment Management LLC now owns 463,781 shares of the company’s stock worth $3,251,000 after buying an additional 123,047 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Pier 1 Imports during the first quarter worth approximately $118,000. Aristotle Capital Boston LLC raised its stake 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. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Pier 1 Imports during the second quarter worth approximately $3,376,000. Finally, Skyline Asset Management LP raised its stake in shares of Pier 1 Imports by 3.9% in the first quarter. Skyline Asset Management LP now owns 2,360,400 shares of the company’s stock worth $16,546,000 after buying an additional 87,700 shares during the last quarter. 98.63% of the stock is owned by institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date is Monday, October 17th. Pier 1 Imports’s payout ratio is 116.67%.
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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