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Pier 1 Imports (NYSE:PIR) CFO Charles H. Turner sold 2,500 shares of Pier 1 Imports stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $15.42, for a total value of $38,550.00. Following the transaction, the chief financial officer now directly owns 220,450 shares in the company, valued at approximately $3,399,339. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Pier 1 Imports (NYSE:PIR) traded up 2.81% during mid-day trading on Friday, hitting $15.74. 1,428,000 shares of the company’s stock traded hands. Pier 1 Imports has a one year low of $15.00 and a one year high of $24.58. The stock has a 50-day moving average of $16.91 and a 200-day moving average of $18.82. The company has a market cap of $1.490 billion and a P/E ratio of 15.48.

Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Thursday, June 19th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts expect that Pier 1 Imports will post $1.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 6th. Stockholders of record on Wednesday, July 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 1.52%. The ex-dividend date of this dividend is Monday, July 21st.

A number of research firms have recently commented on PIR. Analysts at Zacks downgraded shares of Pier 1 Imports from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 24th. They now have a $14.60 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Pier 1 Imports in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $16.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Pier 1 Imports from a “buy” rating to a “hold” rating in a research note on Monday, June 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.66.

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

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