Pier 1 Imports Inc. (PIR) Rating Reiterated by Guggenheim
Pier 1 Imports Inc. (NYSE:PIR)‘s stock had its “neutral” rating restated by stock analysts at Guggenheim in a research note issued on Friday.
Several other equities analysts have also recently issued reports on PIR. BTIG Research started coverage on Pier 1 Imports in a research report on Thursday, June 2nd. They set a “neutral” rating on the stock. Longbow Research started coverage on Pier 1 Imports in a research report on Thursday, June 16th. They set a “neutral” rating on the stock. Wolfe Research upgraded Pier 1 Imports from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, June 22nd. Deutsche Bank AG started coverage on Pier 1 Imports in a research report on Sunday, June 26th. They set a “sell” rating and a $5.50 price target on the stock. Finally, Telsey Advisory Group lowered their price target on Pier 1 Imports from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Thursday, June 30th. Six research 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 company has an average rating of “Hold” and an average target price of $6.30.
Pier 1 Imports (NYSE:PIR) opened at 4.31 on Friday. Pier 1 Imports has a 52-week low of $3.73 and a 52-week high of $8.23. The company’s 50-day moving average price is $4.38 and its 200 day moving average price is $5.45. The stock has a market capitalization of $346.68 million, a P/E ratio of 18.11 and a beta of 1.82.
Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings results on Wednesday, September 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). Pier 1 Imports had a return on equity of 7.20% and a net margin of 1.06%. The company had revenue of $405.80 million for the quarter. During the same quarter last year, the business posted $0.04 earnings per share. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that Pier 1 Imports will post $0.25 earnings per share for the current 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 is Monday, October 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.50%. Pier 1 Imports’s payout ratio is presently 116.67%.
Institutional investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC raised its position in 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 during the last quarter. Bayesian Capital Management LP acquired a new position in Pier 1 Imports during the first quarter worth approximately $118,000. Aristotle Capital Boston LLC raised its position in 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 during the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in Pier 1 Imports during the second quarter worth approximately $3,376,000. Finally, Skyline Asset Management LP raised its position 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 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.
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