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

  • 10/2/2017 – Pier 1 Imports was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/30/2017 – 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. “
  • 9/30/2017 – Pier 1 Imports had its “sell” rating reaffirmed by analysts at UBS AG. They now have a $3.50 price target on the stock, down previously from $4.00.
  • 9/29/2017 – Pier 1 Imports had its “sell” rating reaffirmed by analysts at Credit Suisse Group. They now have a $4.00 price target on the stock.
  • 9/28/2017 – Pier 1 Imports was downgraded by analysts at Loop Capital from a “buy” rating to a “hold” rating. They now have a $4.00 price target on the stock, down previously from $8.00.
  • 9/28/2017 – Pier 1 Imports had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $4.20 price target on the stock, down previously from $4.60.
  • 9/28/2017 – Pier 1 Imports had its price target lowered by analysts at Credit Suisse Group from $4.00 to $3.50. They now have an “underperform” rating on the stock.
  • 9/21/2017 – Pier 1 Imports was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/15/2017 – Pier 1 Imports was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/8/2017 – Pier 1 Imports had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 9/3/2017 – Pier 1 Imports had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $5.90 price target on the stock.
  • 9/1/2017 – Pier 1 Imports was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/30/2017 – 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. “
  • 8/12/2017 – Pier 1 Imports was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/9/2017 – Pier 1 Imports had its price target lowered by analysts at Loop Capital from $10.00 to $8.00. They now have a “buy” rating on the stock.

Pier 1 Imports, Inc. (PIR) traded up 1.86% during mid-day trading on Tuesday, reaching $4.38. The company had a trading volume of 2,530,996 shares. The firm has a 50-day moving average price of $4.31 and a 200 day moving average price of $5.36. The firm has a market capitalization of $355.13 million, a price-to-earnings ratio of 10.92 and a beta of 1.69. Pier 1 Imports, Inc. 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 data on Wednesday, September 27th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. Pier 1 Imports had a net margin of 1.61% and a return on equity of 13.82%. The company had revenue of $407.61 million during the quarter, compared to analysts’ expectations of $406.32 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The firm’s revenue was up .4% on a year-over-year basis. Analysts expect that Pier 1 Imports, Inc. will post $0.41 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Wednesday, October 18th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend is Tuesday, October 17th. Pier 1 Imports’s payout ratio is presently 77.78%.

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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