Pier 1 Imports Inc. (NYSE:PIR) shares dropped 4.1% during trading on Thursday . The company traded as low as $4.42 and last traded at $4.42, with a volume of 799,519 shares trading hands. The stock had previously closed at $4.61.

PIR has been the topic of a number of research analyst reports. Vetr raised Pier 1 Imports from a “buy” rating to a “strong-buy” rating and set a $6.87 target price on the stock in a research note on Monday, May 9th. 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 target price on the stock. BTIG Research initiated coverage on Pier 1 Imports in a research note on Thursday, June 2nd. They issued a “neutral” rating on the stock. Longbow Research started coverage on Pier 1 Imports in a research note on Thursday, June 16th. They issued a “neutral” rating on the stock. Finally, Wolfe Research raised Pier 1 Imports from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, June 22nd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.31.

The stock’s 50-day moving average is $4.88 and its 200-day moving average is $5.66. The firm has a market capitalization of $360.95 million and a PE ratio of 13.99.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 3rd. Investors of record on Wednesday, July 20th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, July 18th. This represents a $0.28 annualized dividend and a yield of 6.33%.

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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