Research Analysts Offer Predictions for Pier 1 Imports Inc.’s Q3 2017 Earnings (PIR)
Pier 1 Imports Inc. (NYSE:PIR) – Investment analysts at Jefferies Group upped their Q3 2017 EPS estimates for Pier 1 Imports in a research note issued on Thursday. Jefferies Group analyst D. Binder now forecasts that the firm will post earnings per share of $0.06 for the quarter, up from their prior forecast of $0.05. Jefferies Group has a “Hold” rating and a $4.50 price target on the stock. Jefferies Group also issued estimates for Pier 1 Imports’ Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $0.21 EPS and FY2018 earnings at $0.28 EPS.
Pier 1 Imports (NYSE:PIR) last released its quarterly earnings results on Wednesday, September 28th. The company reported ($0.05) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The business earned $405.80 million during the quarter. Pier 1 Imports had a net margin of 1.06% and a return on equity of 7.20%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 earnings per share.
Other equities research analysts have also recently issued research reports about the company. Raymond James Financial Inc. reiterated a “buy” rating and issued a $8.00 price objective (down previously from $9.00) on shares of Pier 1 Imports in a research note on Thursday, June 30th. Nomura reiterated a “buy” rating and issued a $8.50 price objective on shares of Pier 1 Imports in a research note on Thursday, September 8th. Vetr cut Pier 1 Imports from a “strong-buy” rating to a “buy” rating and set a $4.70 price objective for the company. in a research note on Wednesday, September 28th. Credit Suisse Group AG reiterated a “hold” rating on shares of Pier 1 Imports in a research note on Thursday, June 30th. Finally, Zacks Investment Research upgraded Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.30.
Shares of Pier 1 Imports (NYSE:PIR) opened at 4.39 on Monday. The stock has a market capitalization of $353.11 million, a price-to-earnings ratio of 18.45 and a beta of 1.82. Pier 1 Imports has a 52-week low of $3.73 and a 52-week high of $8.23. The firm’s 50 day moving average is $4.37 and its 200 day moving average is $5.43.
Institutional investors have recently added to or reduced their stakes in the company. Aristotle Capital Boston LLC increased its position in Pier 1 Imports by 3.0% in the second quarter. Aristotle Capital Boston LLC now owns 410,748 shares of the company’s stock valued at $2,111,000 after buying an additional 12,139 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Pier 1 Imports by 25.9% in the second quarter. Public Employees Retirement System of Ohio now owns 28,411 shares of the company’s stock valued at $146,000 after buying an additional 5,853 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Pier 1 Imports by 16.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 844,191 shares of the company’s stock valued at $4,340,000 after buying an additional 118,266 shares in the last quarter. Numeric Investors LLC raised its stake in shares of Pier 1 Imports by 153.2% in the second quarter. Numeric Investors LLC now owns 3,593,202 shares of the company’s stock valued at $18,469,000 after buying an additional 2,174,042 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Pier 1 Imports during the second quarter valued at approximately $286,000. Hedge funds and other institutional investors own 98.63% of the company’s stock.
The firm 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. The ex-dividend date of this dividend is Monday, October 17th. This represents a $0.28 annualized dividend and a yield of 6.38%. Pier 1 Imports’s dividend payout ratio (DPR) is presently 116.67%.
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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