Eagle Global Advisors LLC Takes Position in Pier 1 Imports, Inc. (PIR)
Eagle Global Advisors LLC acquired a new stake in shares of Pier 1 Imports, Inc. (NYSE:PIR) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 33,740 shares of the specialty retailer’s stock, valued at approximately $175,000.
A number of other institutional investors also recently made changes to their positions in the stock. Aperio Group LLC bought a new position in shares of Pier 1 Imports during the second quarter valued at $103,000. Alambic Investment Management L.P. bought a new position in shares of Pier 1 Imports during the first quarter valued at $104,000. Jane Street Group LLC boosted its position in shares of Pier 1 Imports by 29.0% in the first quarter. Jane Street Group LLC now owns 21,562 shares of the specialty retailer’s stock valued at $154,000 after buying an additional 4,853 shares in the last quarter. Airain ltd bought a new position in shares of Pier 1 Imports during the first quarter valued at $159,000. Finally, Teza Capital Management LLC bought a new position in shares of Pier 1 Imports during the first quarter valued at $167,000. 85.96% of the stock is owned by hedge funds and other institutional investors.
Shares of Pier 1 Imports, Inc. (PIR) opened at 4.63 on Tuesday. Pier 1 Imports, Inc. has a 12 month low of $3.73 and a 12 month high of $9.68. The company’s 50-day moving average price is $4.97 and its 200-day moving average price is $6.24. The company has a market cap of $375.40 million, a price-to-earnings ratio of 11.55 and a beta of 1.70.
Pier 1 Imports (NYSE:PIR) last released its quarterly earnings results on Wednesday, June 28th. The specialty retailer reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.01. Pier 1 Imports had a return on equity of 13.96% and a net margin of 1.82%. The business had revenue of $409.50 million for the quarter, compared to the consensus estimate of $420.80 million. During the same quarter last year, the business posted ($0.07) earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. Analysts anticipate that Pier 1 Imports, Inc. will post $0.47 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.28 dividend on an annualized basis and a yield of 6.05%. Pier 1 Imports’s payout ratio is 68.29%.
Several equities analysts have weighed in on PIR shares. Loop Capital reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Pier 1 Imports in a report on Monday, April 17th. Zacks Investment Research raised Pier 1 Imports from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Wednesday, June 28th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Pier 1 Imports in a report on Thursday, April 13th. Gordon Haskett raised Pier 1 Imports from a “reduce” rating to a “hold” rating and set a $6.00 price objective for the company in a report on Tuesday, June 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $7.25 price objective on shares of Pier 1 Imports in a report on Friday, June 23rd. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. Pier 1 Imports has a consensus rating of “Hold” and a consensus target price of $5.83.
Pier 1 Imports Company Profile
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.
Want to see what other hedge funds are holding PIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pier 1 Imports, Inc. (NYSE:PIR).
Receive News & Ratings for Pier 1 Imports Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports Inc. and related companies with MarketBeat.com's FREE daily email newsletter.