Pier 1 Imports Inc. (NYSE:PIR)’s share price dropped 3.3% during mid-day trading on Thursday . The stock traded as low as $4.92 and last traded at $4.94, with a volume of 1,326,217 shares changing hands. The stock had previously closed at $5.11.

PIR has been the subject of several recent research reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 price objective (up previously from $5.00) on shares of Pier 1 Imports in a research note on Monday, April 11th. Topeka Capital Markets initiated coverage on Pier 1 Imports in a research note on Monday, May 23rd. They issued a “buy” rating and a $12.00 price objective for the company. Zacks Investment Research cut Pier 1 Imports from a “buy” rating to a “hold” rating in a research note on Saturday, April 16th. Vetr upgraded Pier 1 Imports from a “sell” rating to a “hold” rating and set a $6.15 price objective for the company in a research note on Monday, April 11th. Finally, Bank of America Corp. reiterated a “sell” rating on shares of Pier 1 Imports in a research note on Thursday, June 30th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $7.31.

The firm’s 50 day moving average price is $5.23 and its 200-day moving average price is $5.57. The firm has a market cap of $403.42 million and a PE ratio of 15.63.

Pier 1 Imports (NYSE:PIR) last issued its quarterly 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 earned $418.40 million during the quarter. During the same period in the prior year, the company earned $0.08 earnings per share. Pier 1 Imports’s revenue for the quarter was down 4.2% on a year-over-year basis. Analysts anticipate that Pier 1 Imports Inc. will post $0.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 3rd. Investors of record on Wednesday, July 20th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend was Monday, July 18th.

An institutional investor recently bought a new position 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

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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