Pier 1 Imports (PIR) Upgraded to “Buy” at ValuEngine
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.
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.
TRADEMARK VIOLATION NOTICE: “Pier 1 Imports (PIR) Upgraded to “Buy” at ValuEngine” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/12/11/pier-1-imports-pir-upgraded-to-buy-at-valuengine.html.
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.
Receive News & Ratings for Pier 1 Imports Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports Inc. and related companies with MarketBeat.com's FREE daily email newsletter.