Pier 1 Imports EVP Unloads $78,900 in Stock (PIR)
Pier 1 Imports (NYSE:PIR) EVP Gregory Humenesky sold 5,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $15.78, for a total value of $78,900.00. Following the sale, the executive vice president now directly owns 105,082 shares of the company’s stock, valued at approximately $1,658,194. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Pier 1 Imports (NYSE:PIR) traded up 1.45% during mid-day trading on Friday, hitting $16.04. The stock had a trading volume of 958,309 shares. Pier 1 Imports has a 52 week low of $14.78 and a 52 week high of $23.98. The stock’s 50-day moving average is $15.37 and its 200-day moving average is $17.4. The company has a market cap of $1.518 billion and a P/E ratio of 15.99.
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. Analysts expect that Pier 1 Imports will post $1.13 EPS for the current fiscal year.
A number of analysts have recently weighed in on PIR shares. Analysts at Oppenheimer cut their price target on shares of Pier 1 Imports from $22.00 to $19.00 in a research note on Thursday, August 14th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $19.82.
Pier 1 Imports, Inc (NYSE:PIR) is a global importer of imported decorative home furnishings and gifts.
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