Share on StockTwits

Shares of Pier 1 Imports (NYSE:PIR) have earned an average recommendation of “Hold” from the fifteen analysts that are currently covering the stock, AR Network reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $19.66.

Pier 1 Imports (NYSE:PIR) traded up 1.79% on Monday, hitting $15.38. 562,716 shares of the company’s stock traded hands. Pier 1 Imports has a 52 week low of $15.00 and a 52 week high of $24.49. The stock’s 50-day moving average is $16.56 and its 200-day moving average is $18.5. The company has a market cap of $1.456 billion and a price-to-earnings ratio of 15.28.

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 $1.14 earnings per share 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 1.59%. 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.

In other Pier 1 Imports news, CFO Charles H. Turner unloaded 2,500 shares of Pier 1 Imports stock on the open market in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $15.42, for a total value of $38,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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.