Pier 1 Imports (NYSE:PIR)’s share price rose 0.7% on Thursday . The company traded as high as $2.72 and last traded at $2.69. Approximately 60,275 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 1,153,188 shares. The stock had previously closed at $2.67.
PIR has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on Pier 1 Imports from $3.50 to $2.25 and set an “underweight” rating for the company in a report on Friday, April 20th. Raymond James cut Pier 1 Imports from a “market perform” rating to an “underperform” rating in a report on Monday, April 23rd. Zacks Investment Research raised Pier 1 Imports from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. ValuEngine raised Pier 1 Imports from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Finally, Loop Capital reduced their price target on Pier 1 Imports from $4.00 to $3.00 and set a “hold” rating for the company in a report on Thursday, April 19th. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $3.72.
The company has a quick ratio of 0.87, a current ratio of 2.34 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $211.57 million, a P/E ratio of 12.81 and a beta of 1.52.
Pier 1 Imports (NYSE:PIR) last posted its quarterly earnings data on Wednesday, April 18th. The specialty retailer reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Pier 1 Imports had a return on equity of 6.17% and a net margin of 0.65%. The company had revenue of $512.23 million during the quarter, compared to analyst estimates of $537.62 million. During the same period in the previous year, the business earned $0.34 EPS. Pier 1 Imports’s quarterly revenue was down 3.1% on a year-over-year basis. analysts expect that Pier 1 Imports will post -0.33 EPS for the current year.
A number of large investors have recently bought and sold shares of the business. Paradigm Capital Management Inc. NY grew its position in shares of Pier 1 Imports by 1,260.2% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 557,700 shares of the specialty retailer’s stock valued at $2,309,000 after purchasing an additional 516,700 shares in the last quarter. AXA grew its position in shares of Pier 1 Imports by 68.1% in the fourth quarter. AXA now owns 491,800 shares of the specialty retailer’s stock valued at $2,036,000 after purchasing an additional 199,200 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of Pier 1 Imports in the fourth quarter valued at approximately $681,000. Municipal Employees Retirement System of Michigan grew its position in shares of Pier 1 Imports by 36.5% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 172,750 shares of the specialty retailer’s stock valued at $715,000 after purchasing an additional 46,230 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Pier 1 Imports in the fourth quarter valued at approximately $453,000. Institutional investors own 77.40% of the company’s stock.
Pier 1 Imports Company Profile
Pier 1 Imports, Inc engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios.
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