Q3 2017 Earnings Estimate for Pier 1 Imports Inc. Issued By Jefferies Group (PIR)
Pier 1 Imports Inc. (NYSE:PIR) – Jefferies Group lifted their Q3 2017 earnings estimates for Pier 1 Imports in a report issued on Thursday. Jefferies Group analyst D. Binder now anticipates that the firm will post earnings per share of $0.06 for the quarter, up from their prior forecast of $0.05. Jefferies Group currently has a “Hold” rating and a $4.50 price target on the stock. Jefferies Group also issued estimates for Pier 1 Imports’ Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $0.21 EPS and FY2018 earnings at $0.28 EPS.
Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings data 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 net margin of 1.06% and a return on equity of 7.20%. The business earned $405.80 million during the quarter. During the same period last year, the business earned $0.04 earnings per share. The company’s quarterly revenue was down 6.7% compared to the same quarter last year.
A number of other equities analysts have also recently weighed in on the company. BTIG Research reiterated a “sell” rating and set a $3.50 price target on shares of Pier 1 Imports in a report on Thursday, September 22nd. Wolfe Research upgraded Pier 1 Imports from an “underperform” rating to a “peer perform” rating in a report on Wednesday, June 22nd. Telsey Advisory Group lowered their target price on Pier 1 Imports from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, June 30th. Wedbush restated an “outperform” rating on shares of Pier 1 Imports in a report on Wednesday, September 28th. Finally, Zacks Investment Research upgraded Pier 1 Imports from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $6.30.
Shares of Pier 1 Imports (NYSE:PIR) opened at 4.31 on Monday. The firm’s 50-day moving average is $4.38 and its 200-day moving average is $5.45. Pier 1 Imports has a one year low of $3.73 and a one year high of $8.23. The stock has a market capitalization of $346.68 million, a price-to-earnings ratio of 18.11 and a beta of 1.82.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PIR. TIAA CREF Investment Management LLC increased 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 in the last quarter. Bayesian Capital Management LP purchased a new position in Pier 1 Imports during the first quarter worth about $118,000. Aristotle Capital Boston LLC increased 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 in the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in Pier 1 Imports during the second quarter worth about $3,376,000. Finally, Skyline Asset Management LP increased 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 in the last quarter. Hedge funds and other institutional investors own 98.63% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, October 17th. This represents a $0.28 dividend on an annualized basis and a yield of 6.50%. Pier 1 Imports’s dividend payout ratio is presently 116.67%.
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.
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.