Pier 1 Imports, Inc. (PIR) Earns “Hold” Rating from Jefferies Group LLC
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.
COPYRIGHT VIOLATION WARNING: “Pier 1 Imports, Inc. (PIR) Earns “Hold” Rating from Jefferies Group LLC” was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://theolympiareport.com/2017/09/03/pier-1-imports-inc-pir-earns-hold-rating-from-jefferies-group-llc.html.
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.
Receive News & Ratings for Pier 1 Imports Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.