Share on StockTwits

Pier 1 Imports (NYSE: PIR) received a number of price target changes and ratings updates during the last week:

  • Pier 1 Imports was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating. They now have a $18.00 price target on the stock, down previously from $24.00.
  • Pier 1 Imports had its price target lowered by analysts at Raymond James from $24.00 to $22.00. They now have a “strong-buy” rating on the stock.
  • Pier 1 Imports had its price target lowered by analysts at Wedbush from $21.00 to $20.00. They now have an “outperform” rating on the stock.
  • Pier 1 Imports had its price target lowered by analysts at Argus from $23.00 to $21.00. They now have a “buy” rating on the stock.
  • Pier 1 Imports had its price target lowered by analysts at SunTrust from $20.00 to $18.00. They now have a “neutral” rating on the stock.
  • Pier 1 Imports had its price target lowered by analysts at Telsey Advisory Group from $22.00 to $20.00. They now have a “not rated” rating on the stock.
  • Pier 1 Imports was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating. They wrote, “Pier one Imports (PIR) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself.”
  • Pier 1 Imports is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $16.00 price target on the stock. They wrote, “Following a choppy FY 2014 (EBIT margins fell 200 bps) we would have expected a modest rebound in FY 2015, starting in Q2 and continuing in the back half as compares ease. However, recent Q1 results show that PIR may be trading higher margin retail sales for lower margin eCommerce sales. This is happening amid a much more competitive and promotional home furnishings environment. We do not see the promotional intensity letting up in the nearterm.”
  • Pier 1 Imports was downgraded by analysts at Zacks from a “neutral” rating to an “underperform” rating. They now have a $14.60 price target on the stock.

Pier 1 Imports Inc (NYSE:PIR) traded up 0.13% during mid-day trading on Friday, hitting $15.30. 781,800 shares of the company’s stock traded hands. Pier 1 Imports Inc has a 52 week low of $15.00 and a 52 week high of $24.58. The stock has a 50-day moving average of $17.29 and a 200-day moving average of $19.02. The company has a market cap of $1.436 billion and a P/E ratio of 15.45.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.