Q3 2017 EPS Estimates for Pier 1 Imports Inc. Increased by Oppenheimer Holdings (PIR)
Pier 1 Imports Inc. (NYSE:PIR) – Equities researchers at Oppenheimer Holdings raised their Q3 2017 earnings per share estimates for Pier 1 Imports in a report issued on Thursday. Oppenheimer Holdings analyst B. Nagel now anticipates that the brokerage will post earnings of $0.10 per share for the quarter, up from their prior estimate of $0.08. Oppenheimer Holdings currently has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Pier 1 Imports’ FY2017 earnings at $0.24 EPS.
Several other research analysts have also recently weighed in on the stock. Guggenheim restated a “neutral” rating on shares of Pier 1 Imports in a report on Friday. Credit Suisse Group AG restated a “sell” rating and set a $4.00 price target on shares of Pier 1 Imports in a report on Thursday. Nomura restated a “buy” rating and set a $8.50 price target on shares of Pier 1 Imports in a report on Thursday. Jefferies Group reiterated a “hold” rating and issued a $4.50 target price (up from $4.25) on shares of Pier 1 Imports in a research note on Thursday. Finally, BTIG Research reiterated a “sell” rating and issued a $3.50 target price on shares of Pier 1 Imports in a research note on Thursday. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. Pier 1 Imports currently has an average rating of “Hold” and an average price target of $6.30.
Pier 1 Imports (NYSE:PIR) last posted its earnings results on Wednesday, September 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). Pier 1 Imports had a return on equity of 7.20% and a net margin of 1.06%. The business earned $405.80 million during the quarter. During the same quarter last year, the business posted $0.04 EPS. Pier 1 Imports’s quarterly revenue was down 6.7% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, October 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.60%. Pier 1 Imports’s dividend payout ratio (DPR) is 116.67%.
Several large investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of Pier 1 Imports during the second quarter worth about $117,000. Bayesian Capital Management LP acquired a new stake in shares of Pier 1 Imports during the first quarter worth about $118,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Pier 1 Imports during the second quarter worth about $136,000. Stevens Capital Management LP acquired a new stake in shares of Pier 1 Imports during the second quarter worth about $136,000. Finally, Princeton Alpha Management LP acquired a new stake in shares of Pier 1 Imports during the second quarter worth about $143,000. 98.63% of the stock is owned by institutional investors.
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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