Pier 1 Imports Receives Average Recommendation of “Buy” from Analysts (NYSE:PIR)
Shares of Pier 1 Imports (NYSE:PIR) have been given an average rating of “Buy” by the sixteen brokerages that are currently covering the company, American Banking News.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $19.82.
Shares of Pier 1 Imports (NYSE:PIR) traded up 0.57% during mid-day trading on Friday, hitting $15.8999. The stock had a trading volume of 61,289 shares. Pier 1 Imports has a 52 week low of $14.78 and a 52 week high of $23.98. The stock has a 50-day moving average of $15.37 and a 200-day moving average of $17.4. The company has a market cap of $1.505 billion and a P/E ratio of 15.99.
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.
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.
In other Pier 1 Imports news, CFO Charles H. Turner sold 3,000 shares of the stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $15.53, for a total value of $46,590.00. The sale was disclosed in a document filed 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.
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