Pier 1 Imports (NYSE:PIR)‘s stock had its “neutral” rating restated by analysts at Wedbush in a research note issued on Monday.

Several other brokerages have also recently commented on PIR. Vetr cut shares of Pier 1 Imports from a “strong-buy” rating to a “buy” rating and set a $3.79 target price on the stock. in a report on Thursday, April 5th. Zacks Investment Research raised shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Finally, Telsey Advisory Group reaffirmed a “market perform” rating on shares of Pier 1 Imports in a report on Thursday, January 25th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $4.49.

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Pier 1 Imports stock opened at $3.52 on Monday. The stock has a market capitalization of $280.88, a price-to-earnings ratio of 8.00, a P/E/G ratio of -5.52 and a beta of 1.46. The company has a current ratio of 2.14, a quick ratio of 0.61 and a debt-to-equity ratio of 0.74. Pier 1 Imports has a twelve month low of $2.87 and a twelve month high of $7.22.

In other news, major shareholder & Co Towle purchased 32,900 shares of Pier 1 Imports stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $3.09 per share, for a total transaction of $101,661.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have purchased a total of 45,705 shares of company stock worth $142,468 in the last quarter. 5.45% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Paradigm Capital Management Inc. NY boosted its position in shares of Pier 1 Imports by 1,260.2% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 557,700 shares of the specialty retailer’s stock worth $2,309,000 after acquiring an additional 516,700 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Pier 1 Imports by 47.1% during the 3rd quarter. Wells Fargo & Company MN now owns 106,188 shares of the specialty retailer’s stock worth $444,000 after acquiring an additional 34,010 shares in the last quarter. AXA boosted its position in shares of Pier 1 Imports by 68.1% during the 4th quarter. AXA now owns 491,800 shares of the specialty retailer’s stock worth $2,036,000 after acquiring an additional 199,200 shares in the last quarter. Alambic Investment Management L.P. acquired a new stake in shares of Pier 1 Imports during the 4th quarter worth approximately $681,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Pier 1 Imports during the 4th quarter worth approximately $453,000. Institutional investors and hedge funds own 78.04% of the company’s stock.

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About Pier 1 Imports

Pier 1 Imports, Inc engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios.

Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

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