Pier 1 Imports Inc (PIR) Major Shareholder Buys $101,661.00 in Stock
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.
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.
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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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