Insider Selling: Charles H. Turner Sells 2,500 Shares of Pier 1 Imports Stock (PIR)
Pier 1 Imports (NYSE:PIR) CFO Charles H. Turner sold 2,500 shares of the company’s stock on the open market in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $18.88, for a total transaction of $47,200.00. Following the completion of the sale, the chief financial officer now directly owns 207,314 shares of the company’s stock, valued at approximately $3,914,088. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
PIR has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Pier 1 Imports from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, January 15th. They now have a $19.40 price target on the stock. Separately, analysts at Jefferson Research upgraded shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 10th. Finally, analysts at SunTrust initiated coverage on shares of Pier 1 Imports in a research note to investors on Friday, December 13th. They set a “neutral” rating and a $0.10 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $19.44.
Shares of Pier 1 Imports (NYSE:PIR) traded down 0.64% on Monday, hitting $18.77. 774,713 shares of the company’s stock traded hands. Pier 1 Imports has a one year low of $18.20 and a one year high of $25.29. The stock’s 50-day moving average is $20.85 and its 200-day moving average is $21.39. The company has a market cap of $1.939 billion and a price-to-earnings ratio of 15.82.
Pier 1 Imports (NYSE:PIR) last announced its earnings results on Thursday, December 19th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.02. The company had revenue of $465.46 million for the quarter, compared to the consensus estimate of $462.14 million. During the same quarter last year, the company posted $0.25 earnings per share. Pier 1 Imports’s revenue was up 9.7% compared to the same quarter last year. Analysts expect that Pier 1 Imports will post $1.11 EPS for the current fiscal year.
Pier 1 Imports, Inc (NYSE:PIR) is a specialty retailer of decorative home furnishings and gifts.
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