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%.

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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.

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Institutional Ownership by Quarter for Pier 1 Imports (NYSE:PIR)

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