Pier 1 Imports Receives Average Recommendation of “Buy” from Analysts (NYSE:PIR)
Pier 1 Imports (NYSE:PIR) has received an average rating of “Buy” from the seventeen brokerages that are presently covering the stock, AnalystRatings.Net reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $19.53.
Shares of Pier 1 Imports (NYSE:PIR) opened at 15.95 on Friday. 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 $15.39 and its 200-day moving average is $17.37. The company has a market cap of $1.510 billion and a price-to-earnings ratio of 16.22.
Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data 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 in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter 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 research firms have recently commented on PIR. Analysts at Zacks upgraded shares of Pier 1 Imports from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $16.40 price target on the stock. Separately, 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. Finally, 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.
In other Pier 1 Imports news, EVP Gregory Humenesky sold 5,000 shares of the stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $15.78, for a total transaction of $78,900.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Pier 1 Imports, Inc (NYSE:PIR) is a global importer of imported decorative home furnishings and gifts.
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