Pier 1 Imports Inc. (PIR) Shares Up 2.4%
Pier 1 Imports Inc. (NYSE:PIR)’s share price shot up 2.4% during mid-day trading on Monday . The company traded as high as $5.03 and last traded at $5.02, with a volume of 1,072,437 shares traded. The stock had previously closed at $4.90.
A number of research firms have recently issued reports on PIR. Deutsche Bank AG reissued a “sell” rating on shares of Pier 1 Imports in a research report on Saturday, April 9th. Argus reissued a “hold” rating on shares of Pier 1 Imports 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 set a “buy” rating and a $12.00 price objective on the stock. Zacks Investment Research raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research report on Thursday, April 14th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $6.00 price objective (up previously from $5.00) on shares of Pier 1 Imports in a research report on Monday, April 11th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Pier 1 Imports currently has an average rating of “Hold” and a consensus target price of $7.31.
The firm has a market capitalization of $417.30 million and a P/E ratio of 16.17. The company has a 50-day moving average of $5.35 and a 200-day moving average of $5.54.
Pier 1 Imports (NYSE:PIR) last released its earnings results on Wednesday, June 29th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $418.40 million for the quarter. During the same period in the previous year, the firm posted $0.08 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts predict that Pier 1 Imports Inc. will post $0.34 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 3rd. Investors of record on Wednesday, July 20th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date is Monday, July 18th.
A hedge fund recently bought a new stake in Pier 1 Imports stock. Trexquant Investment LP bought a new position in Pier 1 Imports Inc. (NYSE:PIR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 656,001 shares of the company’s stock, valued at approximately $3,339,000. Trexquant Investment LP owned about 0.78% of Pier 1 Imports at the end of the most recent quarter.
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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