Pier 1 Imports Given Consensus Recommendation of “Hold” by Analysts (NYSE:PIR)
Shares of Pier 1 Imports (NYSE:PIR) have received a consensus rating of “Hold” from the twelve analysts that are covering the stock, American Banking & Market News reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $19.85.
In other Pier 1 Imports news, EVP Gregory Humenesky unloaded 25,000 shares of Pier 1 Imports stock on the open market in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $17.92, for a total transaction of $448,000.00. Following the transaction, the executive vice president now directly owns 106,078 shares of the company’s stock, valued at approximately $1,900,918. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on PIR shares. Analysts at Barclays upgraded shares of Pier 1 Imports from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, April 15th. They now have a $23.00 price target on the stock, up previously from $19.00. Separately, analysts at Raymond James cut their price target on shares of Pier 1 Imports from $27.00 to $24.00 in a research note on Friday, April 11th. Finally, analysts at Wedbush cut their price target on shares of Pier 1 Imports from $22.00 to $21.00 in a research note on Friday, April 11th.
Shares of Pier 1 Imports (NYSE:PIR) opened at 18.10 on Monday. Pier 1 Imports has a 52 week low of $17.32 and a 52 week high of $25.29. The stock has a 50-day moving average of $18.82 and a 200-day moving average of $20.25. The company has a market cap of $1.836 billion and a P/E ratio of 17.60.
Pier 1 Imports (NYSE:PIR) last announced its earnings results on Thursday, April 10th. The company reported $0.41 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.41. The company had revenue of $515.80 million for the quarter, compared to the consensus estimate of $512.76 million. During the same quarter last year, the company posted $0.60 earnings per share. Pier 1 Imports’s revenue was down 6.5% compared to the same quarter last year. On average, analysts predict that Pier 1 Imports will post $1.20 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Monday, April 21st.
Pier 1 Imports, Inc (NYSE:PIR) is a global importer of imported decorative home furnishings and gifts.
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