Several brokerages have updated their recommendations and price targets on shares of Pier 1 Imports (NYSE: PIR) in the last few weeks:

  • 7/12/2017 – 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. “
  • 7/11/2017 – Pier 1 Imports was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/7/2017 – Pier 1 Imports was given a new $4.00 price target on by analysts at Credit Suisse Group. They now have an “underperform” rating on the stock.
  • 7/1/2017 – Pier 1 Imports was downgraded by analysts at Zacks Investment Research from a “buy” 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. “
  • 6/30/2017 – Pier 1 Imports had its price target lowered by analysts at Deutsche Bank AG from $5.00 to $4.00. They now have a “sell” rating on the stock.
  • 6/30/2017 – Pier 1 Imports had its price target lowered by analysts at Jefferies Group LLC from $7.25 to $5.90. They now have a “hold” rating on the stock.
  • 6/30/2017 – Pier 1 Imports had its price target lowered by analysts at Morgan Stanley from $5.50 to $5.00. They now have an “underweight” rating on the stock.
  • 6/29/2017 – Pier 1 Imports had its price target lowered by analysts at Telsey Advisory Group from $6.00 to $5.00. They now have a “market perform” rating on the stock.
  • 6/29/2017 – Pier 1 Imports was downgraded by analysts at Johnson Rice from an “accumulate” rating to a “hold” rating.
  • 6/29/2017 – Pier 1 Imports had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $10.00 price target on the stock, down previously from $12.00.
  • 6/28/2017 – Pier 1 Imports was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $6.00 price target on the stock. 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. “
  • 6/27/2017 – Pier 1 Imports was upgraded by analysts at Gordon Haskett from a “reduce” rating to a “hold” rating. They now have a $6.00 price target on the stock.
  • 6/23/2017 – Pier 1 Imports had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $7.25 price target on the stock.
  • 6/2/2017 – Pier 1 Imports was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 5/31/2017 – Pier 1 Imports had its price target lowered by analysts at Deutsche Bank AG from $6.25 to $5.00. They now have a “sell” rating on the stock.

Pier 1 Imports, Inc. (NYSE:PIR) opened at 4.78 on Tuesday. Pier 1 Imports, Inc. has a 1-year low of $3.73 and a 1-year high of $9.68. The stock has a 50 day moving average price of $5.38 and a 200-day moving average price of $6.85. The firm has a market cap of $387.56 million, a P/E ratio of 11.92 and a beta of 1.72.

Pier 1 Imports (NYSE:PIR) last posted its earnings results on Wednesday, June 28th. The specialty retailer reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $409.50 million for the quarter, compared to analysts’ expectations of $420.80 million. Pier 1 Imports had a net margin of 1.82% and a return on equity of 13.96%. The company’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Equities research analysts forecast that Pier 1 Imports, Inc. will post $0.47 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, July 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.86%. Pier 1 Imports’s payout ratio is presently 68.29%.

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.

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