Shares of Pier 1 Imports Inc. (NYSE:PIR) dropped 3.3% on Wednesday . The stock traded as low as $4.61 and last traded at $4.64, with a volume of 802,863 shares. The stock had previously closed at $4.80.

Several equities analysts have weighed in on the company. Deutsche Bank AG initiated coverage on Pier 1 Imports in a report on Sunday, June 26th. They issued a “sell” rating and a $5.50 price objective for the company. Topeka Capital Markets initiated coverage on Pier 1 Imports in a research note on Monday, May 23rd. They issued a “buy” rating and a $12.00 price target on the stock. Zacks Investment Research lowered Pier 1 Imports from a “hold” rating to a “sell” rating in a research note on Friday, July 1st. Vetr upgraded Pier 1 Imports from a “buy” rating to a “strong-buy” rating and set a $6.87 price target on the stock in a research note on Monday, May 9th. Finally, BTIG Research reiterated a “neutral” rating on shares of Pier 1 Imports in a research note on Thursday, June 30th. Four 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. The company has a consensus rating of “Hold” and an average price target of $7.31.

The stock has a market capitalization of $388.72 million and a price-to-earnings ratio of 15.06. The firm’s 50-day moving average is $5.03 and its 200 day moving average is $5.62.

Pier 1 Imports (NYSE:PIR) last posted 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. The business had revenue of $418.40 million for the quarter. During the same period in the prior year, the firm posted $0.08 earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. On average, equities research analysts predict that Pier 1 Imports Inc. will post $0.34 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 3rd. Shareholders of record on Wednesday, July 20th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date of this dividend was Monday, July 18th.

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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