Pier 1 Imports Inc. (PIR) Shares Up 4.1%
Pier 1 Imports Inc. (NYSE:PIR) shares shot up 4.1% on Friday . The stock traded as high as $4.63 and last traded at $4.60, with a volume of 821,669 shares. The stock had previously closed at $4.42.
Several research firms have weighed in on PIR. Credit Suisse Group AG restated a “hold” rating on shares of Pier 1 Imports in a research note on Thursday, June 30th. Telsey Advisory Group lowered their target price on Pier 1 Imports from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, June 30th. Wolfe Research upgraded Pier 1 Imports from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, June 22nd. BTIG Research began coverage on Pier 1 Imports in a research report on Thursday, June 2nd. They set a “neutral” rating for the company. Finally, Raymond James Financial Inc. reiterated a “buy” rating and set a $8.00 target price (down from $9.00) on shares of Pier 1 Imports in a research report on Thursday, June 30th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Pier 1 Imports has an average rating of “Hold” and a consensus price target of $7.31.
The firm has a market cap of $372.38 million and a price-to-earnings ratio of 14.43. The firm has a 50 day moving average price of $4.85 and a 200-day moving average price of $5.65.
Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings results on Wednesday, June 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.02. During the same period last year, the firm earned $0.08 EPS. The firm earned $418.40 million during the quarter. Pier 1 Imports’s quarterly revenue was down 4.2% on a year-over-year basis. Equities research analysts expect that Pier 1 Imports Inc. will post $0.34 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 3rd. Stockholders of record on Wednesday, July 20th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date of this dividend was Monday, July 18th.
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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