Pier 1 Imports (NYSE: PIR) recently received a number of ratings updates from brokerages and research firms:

  • 9/10/2016 – Pier 1 Imports was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Pier 1 Imports, Inc. consists of a chain of retail stores operating under the names Pier 1 Imports and The Pier, selling a wide variety of furniture, decorative home furnishings, dining and kitchen goods, accessories and other specialty items for the home. Additionally, the company, through certain subsidiaries, operates stores in the United Kingdom under the name The Pier. The company supplies merchandise and licenses the Pier 1 name to Sears Mexico and Sears Puerto Rico. “
  • 9/8/2016 – Pier 1 Imports was downgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “underperform” rating. They now have a $4.00 price target on the stock, down previously from $4.50.
  • 9/8/2016 – Pier 1 Imports was downgraded by analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market perform” rating.
  • 9/8/2016 – Pier 1 Imports was downgraded by analysts at Citigroup Inc. from a “strong-buy” rating to a “market perform” rating. They wrote, “Pier 1’s preliminary results reinforce the sentiment that the furniture and home furnishing retail environment remains challenged. As noted, despite our long-term favorable outlook on shares of Pier 1, we cannot maintain a more constructive rating in the midst of a CEO transition,”
  • 9/8/2016 – Pier 1 Imports was downgraded by analysts at Cann from a “strong-buy” rating to a “market perform” rating.
  • 9/8/2016 – Pier 1 Imports was downgraded by analysts at Raymond James Financial Inc. from a “strong-buy” rating to a “market perform” rating.
  • 9/8/2016 – Pier 1 Imports had its price target lowered by analysts at Wedbush from $5.00 to $4.00. They now have a “neutral” rating on the stock.
  • 9/8/2016 – Pier 1 Imports was given a new $4.30 price target on by analysts at Jefferies Group. They now have a “hold” rating on the stock.
  • 9/8/2016 – Pier 1 Imports had its “sell” rating reaffirmed by analysts at BTIG Research.
  • 9/8/2016 – Pier 1 Imports had its price target lowered by analysts at Deutsche Bank AG from $5.00 to $3.75. They now have a “sell” rating on the stock.
  • 9/8/2016 – Pier 1 Imports had its “buy” rating reaffirmed by analysts at Nomura. They now have a $8.50 price target on the stock.
  • 8/31/2016 – Pier 1 Imports was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Pier 1 Imports, Inc. consists of a chain of retail stores operating under the names Pier 1 Imports and The Pier, selling a wide variety of furniture, decorative home furnishings, dining and kitchen goods, accessories and other specialty items for the home. Additionally, the company, through certain subsidiaries, operates stores in the United Kingdom under the name The Pier. The company supplies merchandise and licenses the Pier 1 name to Sears Mexico and Sears Puerto Rico. “

Pier 1 Imports Inc. (NYSE:PIR) opened at 4.10 on Thursday. The company has a market cap of $334.82 million, a PE ratio of 12.97 and a beta of 1.73. The firm has a 50-day moving average of $4.53 and a 200 day moving average of $5.59. Pier 1 Imports Inc. has a 52-week low of $3.73 and a 52-week high of $8.91.

Pier 1 Imports (NYSE:PIR) last posted its quarterly earnings data on Wednesday, June 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $418.40 million for the quarter. Pier 1 Imports had a return on equity of 9.60% and a net margin of 1.44%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 earnings per share. Equities research analysts expect that Pier 1 Imports Inc. will post $0.26 earnings per share for the current fiscal year.

Pier 1 Imports, Inc is an importer of home decor and furniture. The Company’s operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of decorative accessories, furniture, candles, housewares, gifts and seasonal products. The Company’s categories of merchandise include decorative accessories and furniture.

5 Day Chart for NYSE:PIR

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