Pier 1 Imports Inc. Forecasted to Post Q4 2017 Earnings of $0.27 Per Share (PIR)
Pier 1 Imports Inc. (NYSE:PIR) – Equities researchers at Wedbush upped their Q4 2017 earnings per share estimates for shares of Pier 1 Imports in a research report issued on Thursday. Wedbush analyst S. Basham now forecasts that the firm will earn $0.27 per share for the quarter, up from their prior estimate of $0.26. Wedbush currently has a “Outperform” rating on the stock. Wedbush also issued estimates for Pier 1 Imports’ Q1 2018 earnings at ($0.07) EPS, Q2 2018 earnings at ($0.05) EPS and Q4 2018 earnings at $0.28 EPS.
PIR has been the topic of a number of other research reports. BTIG Research restated a “sell” rating and issued a $3.50 target price on shares of Pier 1 Imports in a research note on Thursday, September 22nd. Zacks Investment Research upgraded Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Jefferies Group restated a “hold” rating and issued a $4.50 target price (up previously from $4.25) on shares of Pier 1 Imports in a research note on Thursday, September 29th. Bank of America Corp. restated a “sell” rating on shares of Pier 1 Imports in a research note on Thursday, June 30th. Finally, Guggenheim restated a “neutral” rating on shares of Pier 1 Imports in a research note on Friday, September 30th. Six 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 stock. The company currently has an average rating of “Hold” and an average price target of $6.30.
Pier 1 Imports (NYSE:PIR) traded up 5.69% during midday trading on Monday, reaching $4.64. The company’s stock had a trading volume of 547,854 shares. The firm has a market capitalization of $373.22 million, a PE ratio of 19.50 and a beta of 1.82. The stock has a 50 day moving average of $4.37 and a 200 day moving average of $5.43. Pier 1 Imports has a 52 week low of $3.73 and a 52 week high of $8.23.
Pier 1 Imports (NYSE:PIR) last posted its quarterly earnings data on Wednesday, September 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting 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 in the prior year, the firm earned $0.04 earnings per share. Pier 1 Imports’s revenue for the quarter was down 6.7% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be given 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 6.38%. Pier 1 Imports’s dividend payout ratio (DPR) is presently 116.67%.
A number of large investors have recently added to or reduced their stakes in PIR. 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 period. 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 period. 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 period. Acadian Asset Management LLC acquired a new stake in Pier 1 Imports during the second quarter worth approximately $4,193,000. Finally, Bogle Investment Management L P DE acquired a new stake in Pier 1 Imports during the first quarter worth approximately $5,087,000. Institutional investors and hedge funds own 98.63% of the company’s stock.
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.