Pier 1 Imports Inc (NYSE:PIR) shares traded down 10.1% on Monday . The stock traded as low as $0.69 and last traded at $0.71. 1,835,240 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 4,320,910 shares. The stock had previously closed at $0.79.

Several research analysts recently weighed in on the company. Gordon Haskett lowered Pier 1 Imports from a “hold” rating to an “underperform” rating in a research report on Thursday, March 21st. ValuEngine raised Pier 1 Imports from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Five equities research analysts have rated the stock with a sell rating, four 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 a consensus target price of $1.44.

The firm has a market cap of $67.23 million, a PE ratio of -0.29 and a beta of 4.19. The company has a quick ratio of 0.47, a current ratio of 1.76 and a debt-to-equity ratio of 2.74.

Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings results on Wednesday, April 17th. The specialty retailer reported ($0.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.63). Pier 1 Imports had a negative net margin of 12.80% and a negative return on equity of 111.92%. The company had revenue of $412.51 million during the quarter. As a group, research analysts expect that Pier 1 Imports Inc will post -1.93 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. increased its holdings in Pier 1 Imports by 38.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 77,700 shares of the specialty retailer’s stock valued at $59,000 after purchasing an additional 21,400 shares in the last quarter. Rhumbline Advisers increased its holdings in Pier 1 Imports by 36.1% in the 4th quarter. Rhumbline Advisers now owns 119,399 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 31,666 shares in the last quarter. SG Americas Securities LLC increased its holdings in Pier 1 Imports by 1,033.7% in the 4th quarter. SG Americas Securities LLC now owns 130,136 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 118,657 shares in the last quarter. Virtu Financial LLC increased its holdings in Pier 1 Imports by 550.1% in the 1st quarter. Virtu Financial LLC now owns 137,610 shares of the specialty retailer’s stock valued at $105,000 after purchasing an additional 116,442 shares in the last quarter. Finally, Stone Ridge Asset Management LLC increased its holdings in Pier 1 Imports by 32.8% in the 4th quarter. Stone Ridge Asset Management LLC now owns 162,991 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 40,249 shares in the last quarter. Hedge funds and other institutional investors own 44.86% of the company’s stock.

WARNING: “Pier 1 Imports (PIR) Stock Price Down 10.1%” was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://theolympiareport.com/2019/05/20/pier-1-imports-pir-stock-price-down-10-1.html.

About Pier 1 Imports (NYSE:PIR)

Pier 1 Imports, Inc engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios.

Featured Story: Understanding Average Daily Trade Volume

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.