Pier 1 Imports Inc. (NYSE:PIR) shares traded down 2.2% on Friday . The company traded as low as $4.75 and last traded at $4.85, with a volume of 1,287,167 shares trading hands. The stock had previously closed at $4.96.

Several research firms have recently issued reports on PIR. Bank of America Corp. reissued a “sell” rating on shares of Pier 1 Imports in a research report on Thursday, June 30th. Credit Suisse Group AG reissued a “hold” rating on shares of Pier 1 Imports in a research report on Thursday, June 30th. Raymond James Financial Inc. reissued a “buy” rating and issued a $8.00 price target (down previously from $9.00) on shares of Pier 1 Imports in a research report on Thursday, June 30th. Zacks Investment Research lowered shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. Finally, BTIG Research reissued a “neutral” rating on shares of Pier 1 Imports in a research report on Thursday, June 30th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Pier 1 Imports currently has an average rating of “Hold” and an average price target of $7.31.

The stock’s 50 day moving average price is $5.35 and its 200 day moving average price is $5.54. The firm has a market capitalization of $400.15 million and a P/E ratio of 15.51.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 3rd. Shareholders of record on Wednesday, July 20th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.71%. The ex-dividend date is Monday, July 18th.

A hedge fund recently bought a new stake in Pier 1 Imports stock. Trexquant Investment LP purchased a new stake in shares of Pier 1 Imports Inc. (NYSE:PIR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 656,001 shares of the company’s stock, valued at approximately $3,339,000. Trexquant Investment LP owned approximately 0.78% of Pier 1 Imports as of its most recent SEC filing.

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.

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