Shares of Pier 1 Imports Inc (NYSE:PIR) have been assigned an average recommendation of “Hold” from the nineteen research firms that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $4.76.
Several research firms recently commented on PIR. Telsey Advisory Group reiterated a “market perform” rating on shares of Pier 1 Imports in a research report on Thursday, January 25th. Zacks Investment Research downgraded shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Gordon Haskett downgraded shares of Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 price objective for the company. in a research note on Thursday, December 14th. Loop Capital set a $4.00 price objective on shares of Pier 1 Imports and gave the stock a “hold” rating in a research note on Thursday, December 14th. Finally, ValuEngine raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a research note on Monday, December 11th.
Institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake 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 valued at $132,000 after acquiring an additional 18,800 shares in the last quarter. Aperio Group LLC raised its stake in shares of Pier 1 Imports by 72.0% during the third quarter. Aperio Group LLC now owns 34,231 shares of the specialty retailer’s stock valued at $143,000 after acquiring an additional 14,334 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake 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 valued at $194,000 after acquiring an additional 1,583 shares in the last quarter. Paradigm Capital Management Inc. NY bought a new stake in shares of Pier 1 Imports during the third quarter valued at approximately $172,000. Finally, Voya Investment Management LLC raised its stake in shares of Pier 1 Imports by 14.6% during the second quarter. Voya Investment Management LLC now owns 41,145 shares of the specialty retailer’s stock valued at $214,000 after acquiring an additional 5,238 shares in the last quarter. 78.08% of the stock is owned by hedge funds and other institutional investors.
Pier 1 Imports (NYSE:PIR) last released its quarterly earnings results on Wednesday, December 13th. The specialty retailer reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). The company had revenue of $469.20 million during the quarter, compared to analysts’ expectations of $466.60 million. Pier 1 Imports had a return on equity of 10.17% and a net margin of 1.28%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 EPS. analysts predict that Pier 1 Imports will post 0.2 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 9.18%. The ex-dividend date was Tuesday, January 16th. Pier 1 Imports’s dividend payout ratio is presently 100.00%.
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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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