Pier 1 Imports Inc (NYSE:PIR) major shareholder & Co Towle acquired 32,900 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $3.09 per share, for a total transaction of $101,661.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

& Co Towle also recently made the following trade(s):

  • On Thursday, February 8th, & Co Towle sold 2,190 shares of Pier 1 Imports stock. The shares were sold at an average price of $3.28, for a total transaction of $7,183.20.

Shares of Pier 1 Imports Inc (NYSE PIR) opened at $3.17 on Tuesday. Pier 1 Imports Inc has a 12 month low of $2.87 and a 12 month high of $7.65. The stock has a market cap of $264.21, a PE ratio of 10.93, a price-to-earnings-growth ratio of -5.19 and a beta of 1.59. The company has a current ratio of 2.14, a quick ratio of 0.61 and a debt-to-equity ratio of 0.74.

Pier 1 Imports (NYSE:PIR) last released its quarterly earnings results on Wednesday, December 13th. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Pier 1 Imports had a return on equity of 10.17% and a net margin of 1.28%. The firm had revenue of $469.20 million for the quarter, compared to analyst estimates of $466.60 million. During the same period in the prior year, the business earned $0.22 earnings per share. Pier 1 Imports’s revenue for the quarter was down 1.4% on a year-over-year basis. sell-side analysts predict that Pier 1 Imports Inc will post 0.2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, January 16th. This represents a $0.28 annualized dividend and a dividend yield of 8.83%. Pier 1 Imports’s payout ratio is currently 96.55%.

A number of equities research analysts recently commented on the stock. ValuEngine raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a research note on Monday, December 11th. Gordon Haskett cut shares of Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 price target on the stock. in a research note on Thursday, December 14th. Zacks Investment Research cut shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Loop Capital set a $4.00 price target on shares of Pier 1 Imports and gave the stock a “hold” rating in a research note on Thursday, December 14th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating on shares of Pier 1 Imports in a research note on Thursday, January 25th. Eight analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Pier 1 Imports currently has an average rating of “Hold” and an average price target of $4.78.

Hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in shares of Pier 1 Imports during the 4th quarter worth about $109,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Pier 1 Imports by 149.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 31,400 shares of the specialty retailer’s stock worth $132,000 after acquiring an additional 18,800 shares during the period. Aperio Group LLC lifted its holdings in shares of Pier 1 Imports by 72.0% during the 3rd quarter. Aperio Group LLC now owns 34,231 shares of the specialty retailer’s stock worth $143,000 after acquiring an additional 14,334 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Pier 1 Imports by 4.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 37,431 shares of the specialty retailer’s stock worth $194,000 after acquiring an additional 1,583 shares during the period. Finally, Paradigm Capital Management Inc. NY purchased a new position in shares of Pier 1 Imports during the 3rd quarter worth about $172,000. Institutional investors and hedge funds own 76.70% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Pier 1 Imports Inc (PIR) Major Shareholder Buys $101,661.00 in Stock” was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://theolympiareport.com/2018/02/13/pier-1-imports-inc-pir-major-shareholder-buys-101661-00-in-stock.html.

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.

Receive News & Ratings for Pier 1 Imports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports and related companies with MarketBeat.com's FREE daily email newsletter.