Pier 1 Imports Stock Rating Lowered by Deutsche Bank (PIR)
Pier 1 Imports (NYSE:PIR) was downgraded by Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued on Friday, TheFlyOnTheWall.com reports. They currently have a $18.00 price target on the stock, down from their previous price target of $24.00. Deutsche Bank’s price target suggests a potential upside of 13.49% from the stock’s previous close.
Pier 1 Imports (NYSE:PIR) opened at 15.53 on Friday. Pier 1 Imports has a one year low of $15.72 and a one 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 $1.505 billion and a P/E ratio of 15.70.
Pier 1 Imports (NYSE:PIR) last released its 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. Analysts expect that Pier 1 Imports will post $1.19 EPS for the current fiscal year.
A number of other firms have also recently commented on PIR. 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. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average 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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