Shares of Pier 1 Imports Inc. (NYSE:PIR) fell 4.4% during mid-day trading on Wednesday . The stock traded as low as $5.21 and last traded at $5.27, with a volume of 1,172,634 shares changing hands. The stock had previously closed at $5.51.

Several brokerages recently issued reports on PIR. Deutsche Bank AG restated a “sell” rating on shares of Pier 1 Imports in a research report on Saturday, April 9th. Argus restated a “hold” rating on shares of Pier 1 Imports in a research report on Tuesday, May 3rd. Vetr upgraded shares of Pier 1 Imports from a “hold” rating to a “buy” rating and set a $6.87 target price for the company in a research report on Tuesday, May 3rd. BTIG Research began coverage on shares of Pier 1 Imports in a research report on Thursday, June 2nd. They set a “neutral” rating for the company. Finally, Wolfe Research upgraded shares of Pier 1 Imports from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, June 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $7.31.

The firm has a 50-day moving average price of $5.47 and a 200 day moving average price of $5.54. The company has a market capitalization of $412.40 million and a PE ratio of 15.98.

Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings data on Wednesday, June 29th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The company had revenue of $418.40 million for the quarter. During the same period last year, the company posted $0.08 earnings per share. The firm’s revenue was down 4.2% on a year-over-year basis. Equities research analysts expect that Pier 1 Imports Inc. will post $0.34 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 3rd. Investors of record on Wednesday, July 20th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Monday, July 18th.

Other institutional investors recently made changes to their positions in the company. 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 during the last quarter. Trexquant Investment LP bought a new position in shares of Pier 1 Imports during the fourth quarter valued at approximately $3,339,000. 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 during 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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