Pier 1 Imports, Inc. (NYSE:PIR) Shares Sold by Bbva Compass Bancshares Inc.
Bbva Compass Bancshares Inc. lowered its position in shares of Pier 1 Imports, Inc. (NYSE:PIR) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,803 shares of the specialty retailer’s stock after selling 629 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Pier 1 Imports were worth $149,000 as of its most recent SEC filing.
A number of other hedge funds and 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 worth approximately $103,000. Alambic Investment Management L.P. bought a new position in shares of Pier 1 Imports during the first quarter worth approximately $104,000. Jane Street Group LLC increased 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 worth $154,000 after buying an additional 4,853 shares during the last quarter. Airain ltd bought a new position in shares of Pier 1 Imports during the first quarter worth approximately $159,000. Finally, Teza Capital Management LLC bought a new position in shares of Pier 1 Imports during the first quarter worth approximately $167,000. 85.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Pier 1 Imports, Inc. (NYSE:PIR) opened at 4.27 on Friday. The firm has a 50-day moving average of $4.78 and a 200 day moving average of $6.11. The company has a market capitalization of $346.21 million, a P/E ratio of 10.65 and a beta of 1.70. Pier 1 Imports, Inc. has a 52-week low of $3.73 and a 52-week high of $9.68.
Pier 1 Imports (NYSE:PIR) last posted its quarterly earnings data on Wednesday, June 28th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.01. Pier 1 Imports had a net margin of 1.82% and a return on equity of 13.96%. The company had revenue of $409.50 million for the quarter, compared to the consensus estimate of $420.80 million. During the same period last year, the company earned ($0.07) earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, analysts anticipate that Pier 1 Imports, Inc. will post $0.47 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.56%. Pier 1 Imports’s dividend payout ratio (DPR) is presently 68.29%.
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A number of research analysts recently commented on PIR shares. Loop Capital reaffirmed a “buy” rating and set a $12.00 price objective on shares of Pier 1 Imports in a research report on Monday, April 17th. Zacks Investment Research raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Pier 1 Imports in a research report on Thursday, April 13th. Gordon Haskett raised shares of Pier 1 Imports from a “reduce” rating to a “hold” rating and set a $6.00 price objective on the stock in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $7.25 price objective on shares of Pier 1 Imports in a research report on Friday, June 23rd. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.69.
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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