Pier 1 Imports, Inc. (NYSE:PIR) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

Other equities research analysts have also recently issued reports about the company. Loop Capital reiterated a “buy” rating and issued a $10.00 price target (down from $12.00) on shares of Pier 1 Imports in a research note on Thursday, June 29th. Zacks Investment Research upgraded Pier 1 Imports from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research note on Wednesday, June 28th. Gordon Haskett upgraded Pier 1 Imports from a “reduce” rating to a “hold” rating and set a $6.00 price target for the company in a research note on Tuesday, June 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $7.25 price target on shares of Pier 1 Imports in a research note on Friday, June 23rd. Finally, Johnson Rice cut Pier 1 Imports from an “accumulate” rating to a “hold” rating in a research note on Thursday, June 29th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $5.69.

Shares of Pier 1 Imports (NYSE PIR) traded up 15.04% during trading on Friday, hitting $5.20. The stock had a trading volume of 4,837,958 shares. The stock’s 50-day moving average is $4.37 and its 200-day moving average is $5.60. The stock has a market capitalization of $421.62 million, a P/E ratio of 12.97 and a beta of 1.69. Pier 1 Imports has a 12-month low of $3.96 and a 12-month high of $9.68.

Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Wednesday, June 28th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $409.50 million during the quarter, compared to analysts’ expectations of $420.80 million. Pier 1 Imports had a return on equity of 13.96% and a net margin of 1.82%. The business’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Analysts predict that Pier 1 Imports will post $0.47 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. Trexquant Investment LP increased its holdings in shares of Pier 1 Imports by 0.4% during the first quarter. Trexquant Investment LP now owns 73,572 shares of the specialty retailer’s stock worth $527,000 after buying an additional 272 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Pier 1 Imports by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 64,436 shares of the specialty retailer’s stock worth $335,000 after buying an additional 326 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Pier 1 Imports by 0.5% during the second quarter. Rhumbline Advisers now owns 107,812 shares of the specialty retailer’s stock worth $560,000 after buying an additional 491 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of Pier 1 Imports by 1.0% during the first quarter. Dynamic Technology Lab Private Ltd now owns 64,496 shares of the specialty retailer’s stock worth $462,000 after buying an additional 644 shares in the last quarter. Finally, NGAM Advisors L.P. increased its holdings in shares of Pier 1 Imports by 3.5% during the second quarter. NGAM Advisors L.P. now owns 41,971 shares of the specialty retailer’s stock worth $218,000 after buying an additional 1,404 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

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.

Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

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