Pier 1 Imports (PIR) Releases Quarterly Earnings Results
Pier 1 Imports (NYSE:PIR) released its earnings data on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.02, American Banking and Market News reports. The company had revenue of $395.60 million for the quarter, compared to the consensus estimate of $404.64 million.
PIR has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “sell” rating on shares of Pier 1 Imports (NYSE:PIR) in a research note to investors on Wednesday, August 28th. On the ratings front, analysts at Argus upgraded shares of Pier 1 Imports (NYSE:PIR) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, July 17th. They now have a $27.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Pier 1 Imports (NYSE:PIR) in a research note to investors on Friday, June 21st. They now have a $28.00 price target on the stock, down previously from $29.00.
One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $26.09.
Pier 1 Imports (NYSE:PIR) opened at 23.60 on Thursday. Pier 1 Imports has a 1-year low of $18.05 and a 1-year high of $25.29. The stock’s 50-day moving average is $22.59 and its 200-day moving average is $23.15. The company has a market cap of $2.501 billion and a P/E ratio of 19.12.
Pier 1 Imports, Inc (NYSE:PIR) is a specialty retailer of decorative home furnishings and gifts.
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