Telsey Advisory Group Lowers Pier 1 Imports Price Target to $26.00 (PIR)
Research analysts at Telsey Advisory Group decreased their target price on shares of Pier 1 Imports (NYSE:PIR) from $27.00 to $26.00 in a report released on Friday, Stock Ratings Network reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 27.89% from the stock’s previous close.
Shares of Pier 1 Imports (NYSE:PIR) traded up 2.02% during mid-day trading on Friday, hitting $20.74. The stock had a trading volume of 980,631 shares. Pier 1 Imports has a 1-year low of $18.05 and a 1-year high of $25.29. The stock has a 50-day moving average of $22.50 and a 200-day moving average of $23.13. The company has a market cap of $2.198 billion and a price-to-earnings ratio of 16.47.
Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Thursday, September 19th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.02. The company had revenue of $395.60 million for the quarter, compared to the consensus estimate of $404.64 million. During the same quarter last year, the company posted $0.19 earnings per share. Pier 1 Imports’s revenue was up 7.6% compared to the same quarter last year. Analysts expect that Pier 1 Imports will post $1.31 EPS for the current fiscal year.
PIR has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Pier 1 Imports (NYSE:PIR) in a research note to investors on Friday. Separately, analysts at Credit Suisse upgraded shares of Pier 1 Imports (NYSE:PIR) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday.
Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Pier 1 Imports presently has an average rating of “Buy” and an average price target of $26.10.
Pier 1 Imports, Inc (NYSE:PIR) is a specialty retailer of decorative home furnishings and gifts.
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