Pier 1 Imports CFO Sells $46,590 in Stock (PIR)
Pier 1 Imports (NYSE:PIR) CFO Charles H. Turner unloaded 3,000 shares of Pier 1 Imports stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $15.53, for a total transaction of $46,590.00. Following the sale, the chief financial officer now directly owns 218,071 shares in the company, valued at approximately $3,386,643. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
PIR has been the subject of a number of recent research reports. 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 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Pier 1 Imports has an average rating of “Buy” and a consensus target price of $19.90.
Pier 1 Imports (NYSE:PIR) traded up 1.49% during mid-day trading on Monday, hitting $15.69. 1,232,247 shares of the company’s stock traded hands. Pier 1 Imports has a one year low of $14.78 and a one year high of $23.98. The stock’s 50-day moving average is $15.31 and its 200-day moving average is $17.67. The company has a market cap of $1.485 billion and a P/E ratio of 15.63.
Pier 1 Imports (NYSE:PIR) last posted its quarterly earnings results on Thursday, June 19th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.19 earnings per share. Pier 1 Imports’s revenue was up 6.2% compared to the same quarter last year. Analysts expect that Pier 1 Imports will post $1.13 EPS for the current fiscal year.
Pier 1 Imports, Inc (NYSE:PIR) is a global importer of imported decorative home furnishings and gifts.
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