Pier 1 Imports Inc. (PIR) Stock Price Up 0%
Pier 1 Imports Inc. (NYSE:PIR) rose 0% during trading on Tuesday . The company traded as high as $5.00 and last traded at $4.90, with a volume of 914,190 shares. The stock had previously closed at $4.90.
Several research firms recently issued reports on PIR. Zacks Investment Research raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research report on Thursday, April 14th. Vetr raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating and set a $6.87 target price on the stock in a research report on Tuesday, May 3rd. Topeka Capital Markets began coverage on shares of Pier 1 Imports in a research report on Monday, May 23rd. They issued a “buy” rating and a $12.00 target price on the stock. Raymond James Financial Inc. reissued a “buy” rating and issued a $8.00 target price (down from $9.00) on shares of Pier 1 Imports in a research report on Thursday, June 30th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Pier 1 Imports in a research report on Thursday, April 14th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.31.
The stock has a 50 day moving average price of $5.40 and a 200 day moving average price of $5.54. The company has a market capitalization of $418.93 million and a price-to-earnings ratio of 16.23.
Pier 1 Imports (NYSE:PIR) last issued its earnings results 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. The firm earned $418.40 million during the quarter. During the same period in the prior year, the business posted $0.08 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities research analysts expect that Pier 1 Imports Inc. will post $0.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 3rd. Investors of record on Wednesday, July 20th will be issued a $0.07 dividend. The ex-dividend date is Monday, July 18th. This represents a $0.28 dividend on an annualized basis and a yield of 5.60%.
A hedge fund recently raised its stake in Pier 1 Imports stock. Wells Fargo & Company MN boosted its position in Pier 1 Imports Inc. (NYSE:PIR) by 81.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,946,309 shares of the company’s stock after buying an additional 3,108,319 shares during the period. Wells Fargo & Company MN owned approximately 8.28% of Pier 1 Imports worth $35,356,000 at the end of the most recent reporting period.
Pier 1 Imports, Inc is a global 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 furniture, home furnishings, dining and kitchen goods, candles, gifts and other specialty items for the home.
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