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.

WARNING: “Pier 1 Imports, Inc. (PIR) Receives $5.01 Average Target Price from Brokerages” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://theolympiareport.com/2017/11/23/pier-1-imports-inc-pir-receives-5-01-average-target-price-from-brokerages.html.

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.

Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

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.