Pier 1 Imports (NYSE:PIR) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday.

Several other brokerages also recently weighed in on PIR. Zacks Investment Research upgraded shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Credit Suisse Group decreased their target price on shares of Pier 1 Imports from $4.00 to $3.50 and set an “underperform” rating for the company in a research note on Thursday, September 28th. Morgan Stanley reaffirmed an “underweight” rating and issued a $4.20 price target (down from $4.60) on shares of Pier 1 Imports in a report on Thursday, September 28th. Loop Capital cut shares of Pier 1 Imports from a “buy” rating to a “hold” rating and cut their price target for the company from $8.00 to $4.00 in a report on Thursday, September 28th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Pier 1 Imports in a report on Friday, September 8th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.01.

Shares of Pier 1 Imports (NYSE:PIR) traded up $0.04 during mid-day trading on Monday, hitting $5.28. 1,694,615 shares of the stock traded hands, compared to its average volume of 2,183,263. The stock has a market capitalization of $439.06, a P/E ratio of 11.15, a PEG ratio of -12.33 and a beta of 1.85. The company has a quick ratio of 0.43, a current ratio of 2.23 and a debt-to-equity ratio of 0.75. Pier 1 Imports has a fifty-two week low of $3.96 and a fifty-two week high of $9.67.

Pier 1 Imports (NYSE:PIR) last announced its earnings results on Wednesday, September 27th. The specialty retailer reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of $407.61 million during the quarter, compared to the consensus estimate of $406.32 million. Pier 1 Imports had a net margin of 1.61% and a return on equity of 13.82%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. research analysts forecast that Pier 1 Imports will post 0.43 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Aperio Group LLC acquired a new stake in shares of Pier 1 Imports during the second quarter worth $103,000. Oppenheimer & Co. Inc. raised its holdings in shares of Pier 1 Imports by 149.2% during the third quarter. Oppenheimer & Co. Inc. now owns 31,400 shares of the specialty retailer’s stock worth $132,000 after purchasing an additional 18,800 shares during the period. Paradigm Capital Management Inc. NY acquired a new stake in shares of Pier 1 Imports during the third quarter worth $172,000. SG Americas Securities LLC acquired a new stake in shares of Pier 1 Imports during the second quarter worth $178,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Pier 1 Imports by 4.4% during the second quarter. Public Employees Retirement System of Ohio now owns 37,431 shares of the specialty retailer’s stock worth $194,000 after purchasing an additional 1,583 shares during the period. 78.11% of the stock is currently owned by institutional investors.

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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.

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Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

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