Pier 1 Imports Inc. (PIR) Earns Sell Rating from BTIG Research
Pier 1 Imports Inc. (NYSE:PIR)‘s stock had its “sell” rating reaffirmed by stock analysts at BTIG Research in a research note issued on Thursday.
PIR has been the topic of several other research reports. Wolfe Research upgraded Pier 1 Imports from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, June 22nd. Telsey Advisory Group cut their price objective on Pier 1 Imports from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, June 30th. Wedbush restated a “neutral” rating and set a $5.00 price objective (down previously from $6.00) on shares of Pier 1 Imports in a research note on Thursday, June 30th. Deutsche Bank AG initiated coverage on Pier 1 Imports in a research note on Sunday, June 26th. They set a “sell” rating and a $5.50 price objective on the stock. Finally, Longbow Research initiated coverage on Pier 1 Imports in a research note on Thursday, June 16th. They set a “neutral” rating on the stock. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $6.29.
Pier 1 Imports (NYSE:PIR) opened at 4.27 on Thursday. Pier 1 Imports has a 12-month low of $3.73 and a 12-month high of $8.23. The stock has a market capitalization of $348.70 million, a PE ratio of 13.51 and a beta of 1.73. The stock’s 50 day moving average price is $4.42 and its 200-day moving average price is $5.50.
Pier 1 Imports (NYSE:PIR) last released its quarterly earnings results on Wednesday, September 28th. The company reported ($0.05) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). Pier 1 Imports had a return on equity of 9.60% and a net margin of 1.44%. The business had revenue of $405.80 million for the quarter. During the same quarter last year, the firm posted $0.04 EPS. The company’s revenue was down 6.7% compared to the same quarter last year. Analysts expect that Pier 1 Imports will post $0.26 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.56%. Pier 1 Imports’s dividend payout ratio (DPR) is presently 84.85%.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Pier 1 Imports by 4.2% in the second quarter. Vanguard Group Inc. now owns 6,117,766 shares of the company’s stock worth $31,445,000 after buying an additional 247,395 shares during the period. JPMorgan Chase & Co. raised its stake in Pier 1 Imports by 356.4% in the second quarter. JPMorgan Chase & Co. now owns 6,015,526 shares of the company’s stock worth $30,920,000 after buying an additional 4,697,584 shares during the last quarter. Numeric Investors LLC raised its stake in Pier 1 Imports by 153.2% in the second quarter. Numeric Investors LLC now owns 3,593,202 shares of the company’s stock worth $18,469,000 after buying an additional 2,174,042 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Pier 1 Imports by 108.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,581,130 shares of the company’s stock worth $18,408,000 after buying an additional 1,862,793 shares during the last quarter. Finally, Skyline Asset Management LP raised its stake in 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 during the last quarter. Institutional investors own 98.63% of the company’s stock.
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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