Pier 1 Imports Inc. (PIR) Stock Rating Reaffirmed by Wedbush
PIR has been the topic of several other research reports. Credit Suisse Group AG reiterated a hold rating on shares of Pier 1 Imports in a research note on Thursday, June 30th. Telsey Advisory Group dropped their price target on shares of Pier 1 Imports from $6.00 to $5.00 and set a market perform rating on the stock in a research note on Thursday, June 30th. Oppenheimer Holdings Inc. lowered shares of Pier 1 Imports from an outperform rating to a market perform rating in a research note on Thursday, September 8th. Wolfe Research upgraded shares of Pier 1 Imports from an underperform rating to a peer perform rating in a research note on Wednesday, June 22nd. Finally, BTIG Research started coverage on shares of Pier 1 Imports in a research note on Thursday, June 2nd. They set a neutral rating on the stock. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $6.30.
Shares of Pier 1 Imports (NYSE:PIR) opened at 4.31 on Wednesday. Pier 1 Imports has a 52-week low of $3.73 and a 52-week high of $8.23. The company has a market cap of $346.68 million, a P/E ratio of 18.11 and a beta of 1.82. The stock has a 50 day moving average of $4.38 and a 200 day moving average of $5.45.
Pier 1 Imports (NYSE:PIR) last released its quarterly earnings data on Wednesday, September 28th. The company reported ($0.05) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The firm had revenue of $405.80 million for the quarter. Pier 1 Imports had a net margin of 1.06% and a return on equity of 7.20%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 EPS. On average, equities analysts anticipate that Pier 1 Imports will post $0.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date is Monday, October 17th. Pier 1 Imports’s dividend payout ratio (DPR) is currently 116.67%.
Large investors have recently made changes to their positions in the company. TIAA CREF Investment Management LLC boosted its stake in shares of Pier 1 Imports by 36.1% in the first quarter. TIAA CREF Investment Management LLC now owns 463,781 shares of the company’s stock worth $3,251,000 after buying an additional 123,047 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of Pier 1 Imports during the first quarter worth about $118,000. Aristotle Capital Boston LLC boosted its stake in shares of Pier 1 Imports by 3.0% in the second quarter. Aristotle Capital Boston LLC now owns 410,748 shares of the company’s stock worth $2,111,000 after buying an additional 12,139 shares during the period. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Pier 1 Imports during the second quarter worth about $3,376,000. Finally, Skyline Asset Management LP boosted its stake in shares of Pier 1 Imports by 3.9% in the first quarter. Skyline Asset Management LP now owns 2,360,400 shares of the company’s stock worth $16,546,000 after buying an additional 87,700 shares during the period. Institutional investors and hedge funds own 98.63% of the company’s stock.
About Pier 1 Imports
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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