Legal & General Group Plc held its position in shares of Pier 1 Imports, Inc. (NYSE:PIR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,605 shares of the specialty retailer’s stock at the close of the second quarter. Legal & General Group Plc’s holdings in Pier 1 Imports were worth $131,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Pier 1 Imports by 19.3% during the first quarter. Vanguard Group Inc. now owns 7,304,924 shares of the specialty retailer’s stock valued at $52,303,000 after buying an additional 1,179,575 shares during the period. Dimensional Fund Advisors LP raised its position in Pier 1 Imports by 34.5% during the first quarter. Dimensional Fund Advisors LP now owns 6,979,863 shares of the specialty retailer’s stock valued at $49,976,000 after buying an additional 1,789,745 shares during the period. Morgan Stanley raised its position in Pier 1 Imports by 2.3% during the first quarter. Morgan Stanley now owns 1,376,141 shares of the specialty retailer’s stock valued at $9,853,000 after buying an additional 31,308 shares during the period. Schwab Charles Investment Management Inc. raised its position in Pier 1 Imports by 6.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,356,397 shares of the specialty retailer’s stock valued at $7,040,000 after buying an additional 86,597 shares during the period. Finally, Teachers Advisors LLC raised its position in Pier 1 Imports by 794.7% during the first quarter. Teachers Advisors LLC now owns 1,289,958 shares of the specialty retailer’s stock valued at $9,236,000 after buying an additional 1,145,780 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Pier 1 Imports, Inc. (NYSE:PIR) opened at 4.24 on Tuesday. Pier 1 Imports, Inc. has a 12 month low of $3.96 and a 12 month high of $9.68. The firm has a market capitalization of $343.78 million, a price-to-earnings ratio of 10.57 and a beta of 1.69. The firm has a 50-day moving average price of $4.33 and a 200 day moving average price of $5.20.

Pier 1 Imports (NYSE:PIR) last released its quarterly earnings results on Wednesday, September 27th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Pier 1 Imports had a return on equity of 13.82% and a net margin of 1.61%. The firm had revenue of $407.61 million for the quarter, compared to the consensus estimate of $406.32 million. During the same quarter last year, the business posted ($0.05) EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts forecast that Pier 1 Imports, Inc. will post $0.41 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 18th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend is Tuesday, October 17th. Pier 1 Imports’s dividend payout ratio is 77.78%.

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Several research analysts recently weighed in on PIR shares. KeyCorp reissued a “hold” rating on shares of Pier 1 Imports in a research report on Friday, September 8th. Jefferies Group LLC dropped their price target on Pier 1 Imports from $7.25 to $5.90 and set a “hold” rating on the stock in a research report on Friday, June 30th. Zacks Investment Research raised Pier 1 Imports from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. BidaskClub raised Pier 1 Imports from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Morgan Stanley dropped their price target on Pier 1 Imports from $5.50 to $5.00 and set an “underweight” rating on the stock in a research report on Friday, June 30th. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. Pier 1 Imports has a consensus rating of “Hold” and a consensus price target of $5.01.

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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