Pier 1 Imports Inc (PIR) Stock Rating Reaffirmed by Jefferies Group LLC

Pier 1 Imports Inc (NYSE:PIR)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Group LLC in a report released on Thursday.

PIR has been the topic of several other research reports. Telsey Advisory Group raised their target price on Pier 1 Imports from $5.50 to $7.00 and gave the stock a “market perform” rating in a research report on Thursday, December 15th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Pier 1 Imports in a research note on Monday, December 19th. Zacks Investment Research upgraded Pier 1 Imports from a “hold” rating to a “strong-buy” rating and set a $7.75 price target on the stock in a research note on Friday, March 3rd. Loop Capital began coverage on Pier 1 Imports in a research note on Wednesday, January 4th. They set a “buy” rating and a $12.00 price target on the stock. Finally, Johnson Rice upgraded Pier 1 Imports from a “hold” rating to an “accumulate” rating in a research note on Thursday, December 15th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Pier 1 Imports has a consensus rating of “Hold” and an average price target of $6.46.

Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

Pier 1 Imports (NYSE:PIR) opened at 7.04 on Thursday. The firm has a market capitalization of $567.99 million, a P/E ratio of 26.27 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. The stock’s 50 day moving average price is $7.01 and its 200 day moving average price is $6.15.

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Several hedge funds and other institutional investors have recently made changes to their positions in PIR. GSA Capital Partners LLP increased its position in shares of Pier 1 Imports by 554.6% in the fourth quarter. GSA Capital Partners LLP now owns 268,820 shares of the company’s stock valued at $2,296,000 after buying an additional 227,755 shares during the period. Irving Magee Investment Management increased its position in shares of Pier 1 Imports by 29.6% in the third quarter. Irving Magee Investment Management now owns 623,237 shares of the company’s stock valued at $2,643,000 after buying an additional 142,502 shares during the period. KCG Holdings Inc. increased its position in shares of Pier 1 Imports by 653.4% in the third quarter. KCG Holdings Inc. now owns 264,507 shares of the company’s stock valued at $1,122,000 after buying an additional 229,399 shares during the period. FNY Partners Fund LP bought a new position in shares of Pier 1 Imports during the fourth quarter valued at $124,000. Finally, Bank of New York Mellon Corp increased its position in shares of Pier 1 Imports by 7.3% in the third quarter. Bank of New York Mellon Corp now owns 961,767 shares of the company’s stock valued at $4,078,000 after buying an additional 65,337 shares during the period. Institutional investors own 83.53% 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.

5 Day Chart for NYSE:PIR

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