Pier 1 Imports Inc. (NYSE:PIR)’s share price rose 0% during mid-day trading on Tuesday . The stock traded as high as $5.00 and last traded at $4.90, with a volume of 914,190 shares trading hands. The stock had previously closed at $4.90.

PIR has been the subject of several analyst reports. Vetr upgraded shares of Pier 1 Imports from a “strong sell” rating to a “strong-buy” rating and set a $7.70 target price for the company in a research note on Monday, March 28th. Deutsche Bank AG reiterated a “sell” rating on shares of Pier 1 Imports in a research note on Saturday, April 9th. Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 target price (up from $5.00) on shares of Pier 1 Imports in a research note on Monday, April 11th. Wedbush reiterated a “neutral” rating and issued a $6.00 target price on shares of Pier 1 Imports in a research note on Monday, April 11th. Finally, Zacks Investment Research upgraded shares of Pier 1 Imports from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research note on Thursday, April 14th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Pier 1 Imports presently has an average rating of “Hold” and a consensus target price of $7.31.

The company’s 50-day moving average price is $5.43 and its 200-day moving average price is $5.55. The company has a market cap of $399.33 million and a P/E ratio of 15.47.

Pier 1 Imports (NYSE:PIR) last released its earnings results on Wednesday, June 29th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.02. During the same period in the prior year, the company earned $0.08 earnings per share. The business earned $418.40 million during the quarter. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts forecast that Pier 1 Imports Inc. will post $0.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 3rd. Shareholders of record on Wednesday, July 20th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date of this dividend is Monday, July 18th.

An institutional investor recently bought a new position in Pier 1 Imports stock. Trexquant Investment LP purchased a new stake in Pier 1 Imports Inc. (NYSE:PIR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 656,001 shares of the company’s stock, valued at approximately $3,339,000. Trexquant Investment LP owned about 0.78% of Pier 1 Imports as of its most recent SEC filing.

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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