Pier 1 Imports Inc. (PIR) Price Target Raised to $5.00 at Telsey Advisory Group
Pier 1 Imports Inc. (NYSE:PIR) had its price target hoisted by Telsey Advisory Group from $4.50 to $5.00 in a research report sent to investors on Thursday morning. The firm currently has a market perform rating on the stock.
Several other research firms have also weighed in on PIR. BTIG Research assumed coverage on shares of Pier 1 Imports in a research note on Thursday, June 2nd. They set a neutral rating on the stock. Wolfe Research upgraded shares of Pier 1 Imports from an underperform rating to a peer perform rating in a research note on Wednesday, June 22nd. Wedbush reiterated a neutral rating and issued a $5.00 price target (down previously from $6.00) on shares of Pier 1 Imports in a research note on Thursday, June 30th. Deutsche Bank AG assumed 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 target on the stock. Finally, Longbow Research assumed coverage on shares of Pier 1 Imports in a research note on Thursday, June 16th. They issued a neutral rating on the stock. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $6.30.
Pier 1 Imports (NYSE:PIR) traded down 3.36% during mid-day trading on Thursday, hitting $4.32. The stock had a trading volume of 1,287,155 shares. The company has a 50-day moving average price of $4.41 and a 200 day moving average price of $5.49. The company has a market cap of $347.48 million, a P/E ratio of 18.15 and a beta of 1.73. Pier 1 Imports has a 1-year low of $3.73 and a 1-year high of $8.23.
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, hitting the consensus estimate of ($0.05). The company had revenue of $405.80 million for the quarter. Pier 1 Imports had a net margin of 1.06% and a return on equity of 7.08%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Equities research analysts forecast that Pier 1 Imports will post $0.26 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, October 17th. This represents a $0.28 dividend on an annualized basis and a yield of 6.26%. Pier 1 Imports’s dividend payout ratio (DPR) is presently 116.67%.
A number of hedge funds have recently bought and sold shares of PIR. Skyline Asset Management LP increased 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 period. Metropolitan Life Insurance Co. NY increased its stake in Pier 1 Imports by 1.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 67,722 shares of the company’s stock worth $475,000 after buying an additional 938 shares during the period. A.R.T. Advisors LLC bought a new stake in Pier 1 Imports during the first quarter worth about $1,781,000. Bayesian Capital Management LP bought a new stake in Pier 1 Imports during the first quarter worth about $118,000. Finally, Renaissance Technologies LLC bought a new stake in Pier 1 Imports during the first quarter worth about $2,517,000. Institutional investors and hedge funds 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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.