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

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

The stock has a 50 day moving average price of $4.83 and a 200-day moving average price of $5.65. The stock has a market capitalization of $372.38 million and a price-to-earnings ratio of 14.43.

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 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 had revenue of $418.40 million for the quarter. The business’s revenue was down 4.2% on a year-over-year basis. On average, analysts predict that Pier 1 Imports Inc. will post $0.34 EPS for the current fiscal year.

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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