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Investment analysts at Telsey Advisory Group dropped their price target on shares of Pier 1 Imports (NYSE:PIR) from $22.00 to $20.00 in a note issued to investors on Friday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 26.10% from the company’s current price.

Shares of Pier 1 Imports (NYSE:PIR) opened at 15.86 on Friday. Pier 1 Imports has a 1-year low of $15.72 and a 1-year high of $24.58. The stock’s 50-day moving average is $17.70 and its 200-day moving average is $19.25. The company has a market cap of $1.537 billion and a price-to-earnings ratio of 18.08.

Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Thursday, June 19th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.20 by $0.04. The company had revenue of $419.10 million for the quarter, compared to the consensus estimate of $422.43 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts predict that Pier 1 Imports will post $1.21 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank downgraded shares of Pier 1 Imports from a “buy” rating to a “hold” rating in a research note on Friday. They now have a $18.00 price target on the stock, down previously from $24.00. Separately, analysts at Barrington Research initiated coverage on shares of Pier 1 Imports in a research note on Monday, June 2nd. They set a “market perform” rating on the stock. Finally, analysts at Zacks upgraded shares of Pier 1 Imports from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $18.60 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.40.

Pier 1 Imports, Inc (NYSE:PIR) is a global importer of imported decorative home furnishings and gifts.

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