Pier 1 Imports Inc. (NYSE:PIR)’s share price rose 3.9% during mid-day trading on Monday . The company traded as high as $5.39 and last traded at $5.33, with a volume of 2,261,796 shares changing hands. The stock had previously closed at $5.13.

PIR has been the topic of a number of recent research reports. Vetr raised shares of Pier 1 Imports from a “buy” rating to a “strong-buy” rating and set a $6.87 price objective on the stock in a research note on Monday, May 9th. Wolfe Research raised shares of Pier 1 Imports from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, June 22nd. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Pier 1 Imports in a research note on Thursday, April 14th. Telsey Advisory Group reduced their price objective on shares of Pier 1 Imports from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, June 30th. Finally, Guggenheim initiated coverage on shares of Pier 1 Imports in a research note on Tuesday, March 15th. They issued a “neutral” rating on the stock. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $7.74.

The stock has a market cap of $433.63 million and a P/E ratio of 16.80. The firm has a 50-day moving average of $5.49 and a 200-day moving average of $5.55.

Pier 1 Imports (NYSE:PIR) last issued its earnings results on Wednesday, June 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. During the same quarter last year, the firm earned $0.08 EPS. The company had revenue of $418.40 million for the quarter. The business’s revenue was down 4.2% compared to the same quarter last year. Equities research analysts predict that Pier 1 Imports Inc. will post $0.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 3rd. Investors of record on Wednesday, July 20th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Monday, July 18th.

A number of hedge funds and institutional investors recently modified their holdings of PIR. Trexquant Investment LP bought a new position in shares of Pier 1 Imports during the fourth quarter valued at about $3,339,000. Wells Fargo & Company MN raised its position in shares of Pier 1 Imports by 81.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,946,309 shares of the company’s stock valued at $35,356,000 after buying an additional 3,108,319 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Pier 1 Imports by 5.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 214,478 shares of the company’s stock valued at $1,092,000 after buying an additional 11,682 shares in the last quarter.

Pier 1 Imports, Inc is a global 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 furniture, home furnishings, dining and kitchen goods, candles, gifts and other specialty items for the home.

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