Under Analysts' Radar: Pier 1 Imports (PIR)

Cornelia Mascio
Febbraio 25, 2018

Among 22 analysts covering Pier 1 Imports (NYSE:PIR), 5 have Buy rating, 6 Sell and 11 Hold. Aperio Group LLC now owns 34,231 shares of the specialty retailer's stock valued at $143,000 after acquiring an additional 14,334 shares during the period. Longbow initiated Pier 1 Imports, Inc.

A number of other large investors also recently bought and sold shares of the business. Aperio Group LLC lifted its stake in Pier 1 Imports by 72.0% during the 3rd quarter. Voya Investment Management LLC lifted its position in Pier 1 Imports by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 64,436 shares of the specialty retailer's stock valued at $335,000 after acquiring an additional 326 shares during the period. Teacher Retirement System of Texas acquired a new stake in Pier 1 Imports during the 4th quarter valued at approximately $109,000. Oppenheimer & Co. Inc. now owns 31,400 shares of the specialty retailer's stock valued at $132,000 after acquiring an additional 18,800 shares during the period. Finally, Paradigm Capital Management Inc. Northern Trust Corp lifted its position in Pier 1 Imports by 1.3% during the 2nd quarter. Hedge funds and other institutional investors own 81.30% of the company's stock.

PIR has been the topic of a number of recent research reports. ValuEngine raised shares of Pier 1 Imports from a "hold" rating to a "buy" rating in a report on Monday, December 11th. Jefferies maintained it with "Hold" rating and $4.50 target in Thursday, September 29 report. KeyBanc Capital Markets maintained the shares of PIR in report on Wednesday, October 11 with "Hold" rating. The rating was maintained by Telsey Advisory Group with "Market Perform" on Tuesday, December 15. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock.

In related news, major shareholder & Co Towle bought 32,900 shares of the stock in a transaction dated 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 stock decreased 1.91% or $0.06 during the last trading session, reaching $3.08. 1,037,900 shares of the stock were exchanged, compared to its average volume of 2,104,760. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.61 and a current ratio of 2.14. The firm has a market capitalization of $261.71, a P/E ratio of 9.24, a PEG ratio of -5.19 and a beta of 1.59. Pier 1 Imports Inc has a 12 month low of $2.87 and a 12 month high of $7.63.

Pier 1 Imports (NYSE:PIR) last released its quarterly earnings results on Wednesday, December 13th. According to the Analysts, the Low Earnings estimate for the current quarter is $-0.1, while the High earnings estimate is $0.01.Comparatively, EPS for the same quarter past year was $-0.04.

Currently Pier 1 Imports (NYSE:PIR)'s shares owned by insiders are 3.6%, whereas shares owned by institutional owners are 85.3%. The firm had revenue of $469.20 million during the quarter, compared to the consensus estimate of $466.60 million. During the same quarter in the prior year, the business posted $0.22 earnings per share. Pier 1 Imports's revenue was down 1.4% compared to the same quarter last year. sell-side analysts forecast that Pier 1 Imports Inc will post 0.2 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 8.54%. Pier 1 Imports, Inc.

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Pier 1 Imports, Inc is an importer of home decor and furniture.

The company's ATR (Average True Range) is 0.27. 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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