Analysts Set Pier 1 Imports Inc. (NYSE:PIR) PT at $6.46
Pier 1 Imports Inc. (NYSE:PIR) has been assigned a consensus recommendation of “Hold” from the twenty-five analysts that are covering the company. Six research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $6.48.
Several analysts have recently weighed in on PIR shares. Deutsche Bank AG started coverage on shares of Pier 1 Imports in a research note on Sunday, June 26th. They issued a “sell” rating and a $5.50 price objective for the company. Zacks Investment Research lowered shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a research note on Saturday, September 10th. Credit Suisse Group AG lowered shares of Pier 1 Imports from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $4.50 to $4.00 in a research note on Thursday, September 8th. Nomura reiterated a “buy” rating and issued a $8.50 price objective on shares of Pier 1 Imports in a research note on Thursday, September 8th. Finally, Vetr lowered shares of Pier 1 Imports from a “strong-buy” rating to a “buy” rating and set a $4.70 price objective for the company. in a research note on Wednesday.
Large investors have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC boosted its stake in shares of Pier 1 Imports by 36.1% in the first quarter. TIAA CREF Investment Management LLC now owns 463,781 shares of the company’s stock worth $3,251,000 after buying an additional 123,047 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Pier 1 Imports during the first quarter worth about $118,000. Aristotle Capital Boston LLC boosted its stake in shares of Pier 1 Imports by 3.0% in the second quarter. Aristotle Capital Boston LLC now owns 410,748 shares of the company’s stock worth $2,111,000 after buying an additional 12,139 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Pier 1 Imports during the second quarter worth about $3,376,000. Finally, Skyline Asset Management LP boosted its stake in shares of Pier 1 Imports by 3.9% in the first quarter. Skyline Asset Management LP now owns 2,360,400 shares of the company’s stock worth $16,546,000 after buying an additional 87,700 shares in the last quarter. Institutional investors and hedge funds own 98.63% of the company’s stock.
Shares of Pier 1 Imports (NYSE:PIR) opened at 4.27 on Monday. The company has a market capitalization of $348.70 million, a price-to-earnings ratio of 13.51 and a beta of 1.73. Pier 1 Imports has a 52-week low of $3.73 and a 52-week high of $8.23. The firm’s 50-day moving average is $4.42 and its 200 day moving average is $5.50.
Pier 1 Imports (NYSE:PIR) last released its quarterly earnings data on Wednesday, September 28th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The company earned $405.80 million during the quarter, compared to analyst estimates of $406.96 million. Pier 1 Imports had a net margin of 1.44% and a return on equity of 9.60%. Pier 1 Imports’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 EPS. On average, equities research analysts anticipate that Pier 1 Imports will post $0.26 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 6.56%. Pier 1 Imports’s dividend payout ratio is currently 84.85%.
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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