Pier 1 Imports Inc. (PIR) Trading Up 2.4%
Pier 1 Imports Inc. (NYSE:PIR) was up 2.4% during mid-day trading on Monday . The stock traded as high as $5.03 and last traded at $5.02, with a volume of 1,072,437 shares trading hands. The stock had previously closed at $4.90.
Several equities research analysts recently issued reports on PIR shares. Deutsche Bank AG started coverage on Pier 1 Imports in a research note on Sunday, June 26th. They set a “sell” rating and a $5.50 price objective for the company. Credit Suisse Group AG reissued a “hold” rating on shares of Pier 1 Imports in a research note on Thursday, April 14th. Topeka Capital Markets started coverage on Pier 1 Imports in a research note on Monday, May 23rd. They set a “buy” rating and a $12.00 price objective for the company. Vetr lowered Pier 1 Imports from a “hold” rating to a “sell” rating and set a $6.10 price objective for the company. in a research note on Tuesday, April 12th. Finally, Wedbush reaffirmed a “neutral” rating and set a $6.00 price target on shares of Pier 1 Imports in a research note on Monday, April 11th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.31.
The firm has a market cap of $414.44 million and a P/E ratio of 16.060. The stock’s 50-day moving average price is $5.31 and its 200 day moving average price is $5.55.
Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Wednesday, June 29th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.02. The firm earned $418.40 million during the quarter. During the same quarter last year, the business earned $0.08 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Analysts forecast that Pier 1 Imports Inc. will post $0.34 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 3rd. Stockholders of record on Wednesday, July 20th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, July 18th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.52%.
A hedge fund recently raised its stake in Pier 1 Imports stock. Wells Fargo & Company MN boosted its position in shares of Pier 1 Imports Inc. (NYSE:PIR) by 81.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,946,309 shares of the company’s stock after buying an additional 3,108,319 shares during the period. Wells Fargo & Company MN owned 8.28% of Pier 1 Imports worth $35,356,000 at the end of the most recent reporting period.
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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