Pier 1 Imports Inc (PIR) Major Shareholder & Co Towle Buys 32,900 Shares

Pier 1 Imports Inc (NYSE:PIR) major shareholder & Co Towle bought 32,900 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average cost of $3.09 per share, with a total value of $101,661.00. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

& Co Towle also recently made the following trade(s):

  • On Thursday, February 8th, & Co Towle sold 2,190 shares of Pier 1 Imports stock. The stock was sold at an average price of $3.28, for a total value of $7,183.20.

Shares of Pier 1 Imports Inc (PIR) traded up $0.03 during trading hours on Monday, reaching $3.17. The company’s stock had a trading volume of 1,380,000 shares, compared to its average volume of 2,210,000. Pier 1 Imports Inc has a one year low of $2.87 and a one year high of $7.65. The firm has a market capitalization of $264.21, a P/E ratio of 10.93, a PEG ratio of -5.19 and a beta of 1.59. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.14 and a quick ratio of 0.61.

Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings results on Wednesday, December 13th. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). Pier 1 Imports had a net margin of 1.28% and a return on equity of 10.17%. The company had revenue of $469.20 million during the quarter, compared to analyst estimates of $466.60 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. equities research analysts anticipate that Pier 1 Imports Inc will post 0.2 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date of this dividend was Tuesday, January 16th. Pier 1 Imports’s payout ratio is presently 96.55%.

A number of research firms recently commented on PIR. Loop Capital set a $4.00 target price on Pier 1 Imports and gave the stock a “hold” rating in a report on Thursday, December 14th. Zacks Investment Research downgraded Pier 1 Imports from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. ValuEngine raised Pier 1 Imports from a “hold” rating to a “buy” rating in a report on Monday, December 11th. Gordon Haskett downgraded Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 target price for the company. in a report on Thursday, December 14th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating on shares of Pier 1 Imports in a report on Thursday, January 25th. Eight equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. Pier 1 Imports currently has a consensus rating of “Hold” and an average target price of $4.78.

Large investors have recently made changes to their positions in the business. Teacher Retirement System of Texas acquired a new position in Pier 1 Imports in the fourth quarter valued at approximately $109,000. Oppenheimer & Co. Inc. lifted its holdings in Pier 1 Imports by 149.2% in 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 during the period. Aperio Group LLC lifted its holdings in Pier 1 Imports by 72.0% in 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 during the period. Public Employees Retirement System of Ohio increased its position in shares of Pier 1 Imports by 4.4% in 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 buying an additional 1,583 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY purchased a new stake in shares of Pier 1 Imports in the third quarter valued at approximately $172,000. 76.70% of the stock is owned by institutional investors.

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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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