Engineers Gate Manager LP acquired a new position in shares of Pier 1 Imports Inc (NYSE:PIR) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 139,216 shares of the specialty retailer’s stock, valued at approximately $209,000.

A number of other hedge funds also recently modified their holdings of the business. Millennium Management LLC boosted its holdings in Pier 1 Imports by 564.6% in the first quarter. Millennium Management LLC now owns 90,495 shares of the specialty retailer’s stock valued at $291,000 after purchasing an additional 76,878 shares in the last quarter. Bank of Montreal Can acquired a new position in Pier 1 Imports in the second quarter valued at approximately $168,000. Eagle Boston Investment Management Inc. boosted its holdings in Pier 1 Imports by 4.4% in the second quarter. Eagle Boston Investment Management Inc. now owns 753,615 shares of the specialty retailer’s stock valued at $1,793,000 after purchasing an additional 31,788 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Pier 1 Imports by 2,815.4% in the second quarter. Canada Pension Plan Investment Board now owns 3,516,000 shares of the specialty retailer’s stock valued at $8,368,000 after purchasing an additional 3,395,400 shares in the last quarter. Finally, Systematic Financial Management LP boosted its holdings in Pier 1 Imports by 14.8% in the second quarter. Systematic Financial Management LP now owns 432,005 shares of the specialty retailer’s stock valued at $1,028,000 after purchasing an additional 55,570 shares in the last quarter. Hedge funds and other institutional investors own 72.35% of the company’s stock.

Shares of NYSE PIR opened at $1.53 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 0.56. Pier 1 Imports Inc has a twelve month low of $1.36 and a twelve month high of $5.92. The company has a market capitalization of $130.38 million, a price-to-earnings ratio of 7.29 and a beta of 1.18.

Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Wednesday, October 3rd. The specialty retailer reported ($0.63) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.63). Pier 1 Imports had a negative return on equity of 22.02% and a negative net margin of 3.35%. The company had revenue of $355.30 million during the quarter, compared to analysts’ expectations of $356.79 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Pier 1 Imports Inc will post -1.05 earnings per share for the current year.

A number of brokerages recently issued reports on PIR. UBS Group lowered their price target on Pier 1 Imports from $2.00 to $1.00 and set a “sell” rating for the company in a report on Friday, September 21st. Citigroup lowered their price target on Pier 1 Imports from $3.10 to $1.80 and set a “neutral” rating for the company in a report on Friday, September 21st. Telsey Advisory Group lowered their price target on Pier 1 Imports from $3.00 to $1.50 and set a “market perform” rating for the company in a report on Friday, September 21st. Loop Capital lowered their price target on Pier 1 Imports from $2.00 to $1.50 and set a “hold” rating for the company in a report on Thursday, September 20th. Finally, ValuEngine raised Pier 1 Imports from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Seven research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $2.04.

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Pier 1 Imports Profile

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.

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

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