Pier 1 Imports, Inc. (PIR) Upgraded by ValuEngine to Buy
Pier 1 Imports, Inc. (NYSE:PIR) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.
A number of other research analysts have also commented on the stock. KeyCorp reiterated a “hold” rating on shares of Pier 1 Imports in a research note on Friday, September 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $5.90 price target on shares of Pier 1 Imports in a research note on Sunday, September 3rd. Zacks Investment Research upgraded shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. BidaskClub lowered shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Loop Capital decreased their price target on shares of Pier 1 Imports from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $5.69.
Pier 1 Imports (NYSE PIR) traded up 15.04% during midday trading on Friday, hitting $5.20. 4,837,958 shares of the company traded hands. The company has a market capitalization of $421.62 million, a price-to-earnings ratio of 12.97 and a beta of 1.69. The stock’s 50-day moving average price is $4.37 and its 200 day moving average price is $5.60. Pier 1 Imports has a 12-month low of $3.96 and a 12-month high of $9.68.
Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings results on Wednesday, June 28th. The specialty retailer reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $409.50 million for the quarter, compared to analyst estimates of $420.80 million. During the same quarter in the prior year, the business earned ($0.07) EPS. Pier 1 Imports’s quarterly revenue was down 2.1% on a year-over-year basis. On average, equities analysts forecast that Pier 1 Imports will post $0.47 EPS for the current year.
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Institutional investors have recently modified their holdings of the company. Aperio Group LLC bought a new stake in shares of Pier 1 Imports during the 2nd quarter worth approximately $103,000. Alambic Investment Management L.P. bought a new stake in shares of Pier 1 Imports during the 1st quarter worth approximately $104,000. Jane Street Group LLC lifted its holdings in shares of Pier 1 Imports by 29.0% during the 1st quarter. Jane Street Group LLC now owns 21,562 shares of the specialty retailer’s stock worth $154,000 after acquiring an additional 4,853 shares during the period. Airain ltd bought a new stake in shares of Pier 1 Imports during the 1st quarter worth approximately $159,000. Finally, Teza Capital Management LLC bought a new stake in shares of Pier 1 Imports during the 1st quarter worth approximately $167,000. 82.79% of the stock is owned by institutional investors.
Pier 1 Imports Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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