A number of equities analysts have weighed in on PIR shares. Telsey Advisory Group decreased their price target on Pier 1 Imports from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, June 29th. Jefferies Group LLC cut their target price on Pier 1 Imports from $7.25 to $5.90 and set a “hold” rating on the stock in a research report on Friday, June 30th. Gordon Haskett raised Pier 1 Imports from a “reduce” rating to a “hold” rating and set a $6.00 target price on the stock in a research report on Tuesday, June 27th. CIBC reaffirmed a “hold” rating on shares of Pier 1 Imports in a research report on Monday, April 17th. Finally, Zacks Investment Research lowered Pier 1 Imports from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st.
Shares of Pier 1 Imports, Inc. (NYSE:PIR) have been given a consensus recommendation of “Hold” by the twenty-two ratings firms that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $5.82.
Shares of Pier 1 Imports (NYSE PIR) traded down 2.38% during mid-day trading on Tuesday, reaching $4.52. 1,551,299 shares of the company traded hands. The firm’s 50 day moving average price is $4.97 and its 200-day moving average price is $6.24. Pier 1 Imports has a 52-week low of $3.73 and a 52-week high of $9.68. The company has a market capitalization of $366.48 million, a P/E ratio of 11.27 and a beta of 1.71.
Pier 1 Imports (NYSE:PIR) last released its quarterly earnings results on Wednesday, June 28th. The specialty retailer reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $409.50 million during the quarter, compared to analysts’ expectations of $420.80 million. Pier 1 Imports had a return on equity of 13.96% and a net margin of 1.82%. Pier 1 Imports’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) EPS. Equities analysts predict that Pier 1 Imports will post $0.47 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, July 17th. This represents a $0.28 annualized dividend and a dividend yield of 6.19%. Pier 1 Imports’s payout ratio is 68.29%.
A number of hedge funds and other institutional investors have recently made changes to their positions in PIR. Alambic Investment Management L.P. purchased a new position in shares of Pier 1 Imports during the first quarter valued at $104,000. Aperio Group LLC purchased a new position in shares of Pier 1 Imports during the second quarter valued at $103,000. Jane Street Group LLC boosted its position in shares of Pier 1 Imports by 29.0% in the first quarter. Jane Street Group LLC now owns 21,562 shares of the specialty retailer’s stock valued at $154,000 after buying an additional 4,853 shares in the last quarter. Airain ltd purchased a new position in shares of Pier 1 Imports during the first quarter valued at $159,000. Finally, Teza Capital Management LLC purchased a new position in shares of Pier 1 Imports during the first quarter valued at $167,000. 86.21% of the stock is owned by institutional investors and hedge funds.
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.