Insider Selling: Gregory Humenesky Sells 5,000 Shares of Pier 1 Imports Stock (PIR)
Pier 1 Imports (NYSE:PIR) EVP Gregory Humenesky sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $15.75, for a total transaction of $78,750.00. Following the completion of the transaction, the executive vice president now directly owns 105,162 shares of the company’s stock, valued at approximately $1,656,302. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on PIR shares. Analysts at Zacks upgraded shares of Pier 1 Imports from an “underperform” rating to a “neutral” rating in a research note on Monday, August 25th. 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $19.53.
Shares of Pier 1 Imports (NYSE:PIR) traded down 0.44% on Tuesday, hitting $15.69. 2,919,145 shares of the company’s stock traded hands. Pier 1 Imports has a 1-year low of $14.78 and a 1-year high of $23.98. The stock’s 50-day moving average is $15.46 and its 200-day moving average is $17.31. The company has a market cap of $1.485 billion and a price-to-earnings ratio of 15.94.
Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Thursday, June 19th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the 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.
Pier 1 Imports, Inc (NYSE:PIR) is a global importer of imported decorative home furnishings and gifts.
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