Pier 1 Imports, Inc. (NYSE:PIR) has earned a consensus rating of “Hold” from the twenty-two brokerages that are currently covering the company. Five equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $6.49.
A number of research firms recently commented on PIR. Wedbush reaffirmed a “neutral” rating and set a $4.00 price target on shares of Pier 1 Imports in a research note on Tuesday, November 15th. Jefferies Group LLC reaffirmed a “hold” rating and set a $7.25 price target (up from $4.50) on shares of Pier 1 Imports in a research note on Wednesday, December 21st. Telsey Advisory Group lifted their price target on shares of Pier 1 Imports from $5.00 to $5.50 and gave the stock a “market perform” rating in a research note on Tuesday, November 15th. Guggenheim reaffirmed a “neutral” rating on shares of Pier 1 Imports in a research note on Friday, December 16th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Pier 1 Imports in a research note on Monday, December 19th.
Several large investors have recently bought and sold shares of PIR. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Pier 1 Imports during the fourth quarter valued at approximately $4,599,000. California Public Employees Retirement System raised its position in Pier 1 Imports by 17.6% in the third quarter. California Public Employees Retirement System now owns 634,200 shares of the company’s stock valued at $2,689,000 after buying an additional 95,100 shares during the period. Eagle Boston Investment Management Inc. raised its position in Pier 1 Imports by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 595,743 shares of the company’s stock valued at $2,525,000 after buying an additional 4,686 shares during the period. Public Employees Retirement System of Ohio raised its position in 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. Finally, Schwab Charles Investment Management Inc. raised its position in 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. Institutional investors and hedge funds own 87.69% of the company’s stock.
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Pier 1 Imports (NYSE:PIR) opened at 7.32 on Tuesday. The firm’s 50 day moving average is $7.95 and its 200-day moving average is $5.78. The company has a market cap of $590.58 million, a P/E ratio of 27.31 and a beta of 1.74. Pier 1 Imports has a 52 week low of $3.73 and a 52 week high of $9.68.
Pier 1 Imports (NYSE:PIR) last released its quarterly earnings results on Wednesday, December 14th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. Pier 1 Imports had a net margin of 1.20% and a return on equity of 9.68%. The firm earned $475.90 million during the quarter. During the same period in the prior year, the firm posted $0.13 earnings per share. Pier 1 Imports’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts predict that Pier 1 Imports will post $0.40 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 1st. Stockholders of record on Wednesday, January 18th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, January 13th. This represents a $0.28 annualized dividend and a dividend yield of 3.83%. Pier 1 Imports’s dividend payout ratio is currently 100.00%.
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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