Pier 1 Imports’ (PIR) Hold Rating Reaffirmed at KeyCorp
Pier 1 Imports, Inc. (NYSE:PIR)‘s stock had its “hold” rating restated by research analysts at KeyCorp in a research note issued on Friday.
A number of other equities analysts have also weighed in on PIR. Deutsche Bank AG decreased their price objective on shares of Pier 1 Imports from $6.25 to $5.00 and set a “sell” rating for the company in a report on Wednesday, May 31st. ValuEngine downgraded shares of Pier 1 Imports from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $7.25 target price on shares of Pier 1 Imports in a research report on Friday, June 23rd. Gordon Haskett raised shares of Pier 1 Imports from a “reduce” rating to a “hold” rating and set a $6.00 target price for the company in a research report on Tuesday, June 27th. Finally, Zacks Investment Research raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Wednesday, June 28th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. Pier 1 Imports currently has a consensus rating of “Hold” and an average price target of $5.69.
Pier 1 Imports (PIR) opened at 4.41 on Friday. The company has a market capitalization of $357.56 million, a price-to-earnings ratio of 11.00 and a beta of 1.69. Pier 1 Imports has a 12-month low of $3.73 and a 12-month high of $9.68. The stock has a 50 day moving average price of $4.37 and a 200 day moving average price of $5.68.
Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings data 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. Pier 1 Imports had a net margin of 1.82% and a return on equity of 13.96%. The company had revenue of $409.50 million during the quarter, compared to analyst estimates of $420.80 million. During the same period in the previous year, the business earned ($0.07) EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, analysts expect that Pier 1 Imports will post $0.47 EPS for the current year.
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Hedge funds have recently made changes to their positions in the business. Alambic Investment Management L.P. purchased a new stake in Pier 1 Imports in the 1st quarter worth $104,000. FNY Partners Fund LP purchased a new stake in Pier 1 Imports in the 4th quarter worth $124,000. Bayesian Capital Management LP purchased a new stake in Pier 1 Imports in the 1st quarter worth $118,000. Aperio Group LLC purchased a new stake in Pier 1 Imports in the 2nd quarter worth $103,000. Finally, Jane Street Group LLC lifted its stake in Pier 1 Imports by 29.0% in the 1st quarter. Jane Street Group LLC now owns 21,562 shares of the specialty retailer’s stock worth $154,000 after purchasing an additional 4,853 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.
About Pier 1 Imports
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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