Pier 1 Imports Inc (PIR) Declares Quarterly Dividend of $0.06
Pier 1 Imports (NYSE:PIR) declared a quarterly dividend on Friday, June 20th, Analyst Ratings Net reports. Shareholders of record on Wednesday, July 23rd will be given a dividend of 0.06 per share on Wednesday, August 6th. This represents a $0.24 dividend on an annualized basis and a yield of 1.51%.
A number of research firms have recently commented on PIR. Analysts at Argus cut their price target on shares of Pier 1 Imports from $23.00 to $21.00 in a research note on Friday. They now have a “buy” rating on the stock. On a related note, analysts at Telsey Advisory Group cut their price target on shares of Pier 1 Imports from $22.00 to $20.00 in a research note on Friday. They now have a “not rated” rating on the stock. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Pier 1 Imports has a consensus rating of “Hold” and an average price target of $21.18.
Pier 1 Imports (NYSE:PIR) traded down 4.29% on Friday, hitting $15.18. The stock had a trading volume of 9,468,580 shares. Pier 1 Imports has a 52 week low of $15.72 and a 52 week 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 $1.471 billion and a P/E ratio of 15.70.
Pier 1 Imports (NYSE:PIR) last announced its earnings results on Thursday, June 19th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.19 earnings per share. Pier 1 Imports’s revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that Pier 1 Imports will post $1.19 earnings per share for the current fiscal year.
Pier 1 Imports, Inc (NYSE:PIR) is a global importer of imported decorative home furnishings and gifts.
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