Pier 1 Imports, Inc. (PIR) Receives $5.01 Average Target Price from Brokerages
Shares of Pier 1 Imports, Inc. (NYSE:PIR) have received a consensus rating of “Hold” from the nineteen analysts that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $5.01.
A number of research analysts have issued reports on PIR shares. KeyCorp reaffirmed a “hold” rating on shares of Pier 1 Imports in a report on Friday, September 8th. Zacks Investment Research raised shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. Credit Suisse Group reissued a “sell” rating and set a $4.00 price objective on shares of Pier 1 Imports in a research note on Friday, September 29th. BidaskClub raised shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Loop Capital cut shares of Pier 1 Imports from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $8.00 to $4.00 in a research note on Thursday, September 28th.
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Several institutional investors and hedge funds have recently modified their holdings of PIR. UBS Asset Management Americas Inc. increased its stake in shares of Pier 1 Imports by 84.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 53,551 shares of the specialty retailer’s stock worth $383,000 after purchasing an additional 24,454 shares in the last quarter. Teachers Advisors LLC grew its stake in Pier 1 Imports by 794.7% in the 1st quarter. Teachers Advisors LLC now owns 1,289,958 shares of the specialty retailer’s stock worth $9,236,000 after acquiring an additional 1,145,780 shares during the period. Vanguard Group Inc. grew its stake in Pier 1 Imports by 19.3% in the 1st quarter. Vanguard Group Inc. now owns 7,304,924 shares of the specialty retailer’s stock worth $52,303,000 after acquiring an additional 1,179,575 shares during the period. Geode Capital Management LLC grew its stake in Pier 1 Imports by 7.5% in the 1st quarter. Geode Capital Management LLC now owns 745,140 shares of the specialty retailer’s stock worth $5,335,000 after acquiring an additional 52,193 shares during the period. Finally, Morgan Stanley grew its stake in Pier 1 Imports by 2.3% in the 1st quarter. Morgan Stanley now owns 1,376,141 shares of the specialty retailer’s stock worth $9,853,000 after acquiring an additional 31,308 shares during the period. 80.46% of the stock is owned by institutional investors and hedge funds.
Shares of Pier 1 Imports (PIR) traded up $0.12 during trading on Monday, reaching $4.57. 640,200 shares of the company’s stock were exchanged, compared to its average volume of 2,235,098. Pier 1 Imports has a 12 month low of $3.96 and a 12 month high of $9.67. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.43 and a current ratio of 2.23. The stock has a market capitalization of $393.24, a PE ratio of 9.47, a PEG ratio of -10.47 and a beta of 1.79.
Pier 1 Imports (NYSE:PIR) last issued its earnings results on Wednesday, September 27th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. Pier 1 Imports had a net margin of 1.61% and a return on equity of 13.82%. The company had revenue of $407.61 million during the quarter, compared to analysts’ expectations of $406.32 million. During the same period last year, the company posted ($0.05) earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. research analysts predict that Pier 1 Imports will post 0.43 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 18th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, October 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.13%. Pier 1 Imports’s dividend payout ratio (DPR) is 77.78%.
About Pier 1 Imports
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.
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