Pier 1 Imports Inc. (NYSE:PIR) rose 4.1% during trading on Friday . The stock traded as high as $4.63 and last traded at $4.60, with a volume of 821,669 shares changing hands. The stock had previously closed at $4.42.

PIR has been the topic of several recent analyst reports. Topeka Capital Markets initiated coverage on shares of 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. Bank of America Corp. reaffirmed a “sell” rating on shares of Pier 1 Imports in a report on Thursday, June 30th. Wedbush reaffirmed a “neutral” rating and issued a $5.00 price target (down from $6.00) on shares of Pier 1 Imports in a report on Thursday, June 30th. Zacks Investment Research cut Pier 1 Imports from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Finally, Raymond James Financial Inc. reaffirmed a “buy” rating and issued a $8.00 price target (down from $9.00) on shares of Pier 1 Imports in a report on Thursday, June 30th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.31.

The firm 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 PE ratio of 14.43.

Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings results on Wednesday, June 29th. The company reported ($0.07) EPS 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 EPS. The firm’s revenue was down 4.2% on a year-over-year basis. On average, analysts expect that Pier 1 Imports Inc. will post $0.34 earnings per share for the current 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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