Pier 1 Imports Inc. (NYSE:PIR) fell 2.8% during trading on Friday . The company traded as low as $4.50 and last traded at $4.52, with a volume of 573,717 shares changing hands. The stock had previously closed at $4.65.

A number of research firms have commented on PIR. Argus reissued a “hold” rating on shares of Pier 1 Imports in a report on Tuesday, May 3rd. Vetr raised Pier 1 Imports from a “hold” rating to a “buy” rating and set a $6.87 target price on the stock in a report on Tuesday, May 3rd. Topeka Capital Markets assumed coverage on Pier 1 Imports in a report on Sunday, May 29th. They issued a “buy” rating and a $5.48 target price on the stock. BTIG Research assumed coverage on Pier 1 Imports in a report on Thursday, June 2nd. They issued a “neutral” rating on the stock. Finally, Wolfe Research raised Pier 1 Imports from an “underperform” rating to a “peer perform” rating in a report on Wednesday, June 22nd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.31.

The firm has a market capitalization of $370.75 million and a P/E ratio of 14.37. The company has a 50-day moving average price of $4.93 and a 200 day moving average price of $5.64.

Pier 1 Imports (NYSE:PIR) last released its quarterly earnings data on Wednesday, June 29th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.02. During the same period in the prior year, the business posted $0.08 earnings per share. The business had revenue of $418.40 million for the quarter. The business’s revenue was down 4.2% compared to the same quarter last year. On average, analysts forecast that Pier 1 Imports Inc. will post $0.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 3rd. Shareholders of record on Wednesday, July 20th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, July 18th. This represents a $0.28 dividend on an annualized basis and a yield of 6.17%.

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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