Pier 1 Imports, Inc. (NYSE:PIR)‘s stock had its “hold” rating reissued by research analysts at Jefferies Group LLC in a research report issued on Sunday. They presently have a $5.90 target price on the specialty retailer’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 37.53% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Pier 1 Imports from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub downgraded shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Loop Capital dropped their price target on shares of Pier 1 Imports from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. Finally, Credit Suisse Group set a $4.00 price target on shares of Pier 1 Imports and gave the company an “underperform” rating in a research report on Friday, July 7th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. Pier 1 Imports has an average rating of “Hold” and an average target price of $5.69.

Pier 1 Imports (NYSE:PIR) opened at 4.29 on Friday. Pier 1 Imports has a 12-month low of $3.73 and a 12-month high of $9.68. The stock’s 50 day moving average price is $4.41 and its 200 day moving average price is $5.75. The stock has a market cap of $347.83 million, a price-to-earnings ratio of 10.70 and a beta of 1.69.

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 the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $409.50 million during the quarter, compared to the consensus estimate of $420.80 million. Pier 1 Imports had a net margin of 1.82% and a return on equity of 13.96%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the business posted ($0.07) earnings per share. Analysts forecast that Pier 1 Imports will post $0.47 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of PIR. Alambic Investment Management L.P. bought a new stake in Pier 1 Imports during the first quarter worth $104,000. Aperio Group LLC bought a new stake in Pier 1 Imports during the second quarter worth $103,000. Jane Street Group LLC boosted its stake in Pier 1 Imports by 29.0% in the first quarter. Jane Street Group LLC now owns 21,562 shares of the specialty retailer’s stock worth $154,000 after buying an additional 4,853 shares during the last quarter. Airain ltd bought a new stake in Pier 1 Imports during the first quarter worth $159,000. Finally, Teza Capital Management LLC bought a new stake in Pier 1 Imports during the first quarter worth $167,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

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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