Pier 1 Imports Reaches New 52-Week Low at $14.78 (PIR)
Pier 1 Imports (NYSE:PIR) reached a new 52-week low during mid-day trading on Friday , Analyst RN reports. The company traded as low as $14.78 and last traded at $14.78, with a volume of 1,164,719 shares trading hands. The stock had previously closed at $15.06.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Pier 1 Imports in a research note on Friday, July 25th. They now have a $18.00 price target on the stock, down previously from $23.00. Separately, analysts at Nomura initiated coverage on shares of Pier 1 Imports in a research note on Wednesday, July 16th. They set a “buy” rating and a $22.00 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Pier 1 Imports presently has a consensus rating of “Hold” and an average price target of $19.42.
The stock has a 50-day moving average of $15.68 and a 200-day moving average of $17.88. The company has a market cap of $1.415 billion and a P/E ratio of 15.23.
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. On average, analysts predict that Pier 1 Imports will post $1.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Monday, July 21st.
Pier 1 Imports, Inc (NYSE:PIR) is a global importer of imported decorative home furnishings and gifts.
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