Pier 1 Imports Inc. (NYSE:PIR) had its price target increased by Telsey Advisory Group from $4.50 to $5.00 in a research note published on Thursday. The brokerage currently has a market perform rating on the stock.
PIR has been the topic of several other reports. BTIG Research restated a sell rating and set a $3.50 target price on shares of Pier 1 Imports in a report on Thursday, September 22nd. Zacks Investment Research upgraded Pier 1 Imports from a sell rating to a hold rating in a report on Wednesday, August 31st. Wedbush restated an outperform rating on shares of Pier 1 Imports in a report on Wednesday, September 28th. Bank of America Corp. restated a sell rating on shares of Pier 1 Imports in a report on Thursday, June 30th. Finally, Jefferies Group set a $4.30 target price on Pier 1 Imports and gave the stock a hold rating in a report on Thursday, September 8th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $6.30.
Pier 1 Imports (NYSE:PIR) opened at 4.39 on Thursday. The company has a 50-day moving average price of $4.37 and a 200 day moving average price of $5.43. Pier 1 Imports has a 52 week low of $3.73 and a 52 week high of $8.23. The company has a market cap of $353.11 million, a PE ratio of 18.45 and a beta of 1.82.
Pier 1 Imports (NYSE:PIR) last issued its earnings results on Wednesday, September 28th. The company reported ($0.05) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). The business had revenue of $405.80 million for the quarter. Pier 1 Imports had a return on equity of 7.20% and a net margin of 1.06%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. On average, equities research analysts forecast that Pier 1 Imports will post $0.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, October 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.38%. Pier 1 Imports’s payout ratio is currently 116.67%.
Several institutional investors have recently modified their holdings of PIR. JPMorgan Chase & Co. increased 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 during the last quarter. Numeric Investors LLC increased 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 during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 shares of Pier 1 Imports during the second quarter worth approximately $4,193,000. Finally, Bogle Investment Management L P DE purchased a new position in shares of Pier 1 Imports during the first quarter worth approximately $5,087,000. Hedge funds and other 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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