Pier 1 Imports Inc. (NYSE:PIR) – Oppenheimer Holdings issued their Q1 2018 EPS estimates for Pier 1 Imports in a report released on Friday. Oppenheimer Holdings analyst B. Nagel forecasts that the firm will post earnings of ($0.07) per share for the quarter. Oppenheimer Holdings currently has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Pier 1 Imports’ Q2 2018 earnings at ($0.05) EPS, Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.33 EPS and FY2018 earnings at $0.30 EPS.

Other equities analysts also recently issued research reports about the stock. Nomura reissued a “buy” rating and set a $8.50 target price on shares of Pier 1 Imports in a research note on Thursday, September 29th. Deutsche Bank AG lowered their target price on shares of Pier 1 Imports from $5.00 to $3.75 and set a “sell” rating for the company in a research note on Thursday, September 8th. Vetr downgraded shares of Pier 1 Imports from a “strong-buy” rating to a “buy” rating and set a $4.70 target price for the company. in a research note on Wednesday, September 28th. Telsey Advisory Group lifted their target price on shares of Pier 1 Imports from $4.50 to $5.00 and gave the stock a “market perform” rating in a research note on Thursday, September 29th. Finally, Zacks Investment Research raised shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Wednesday, November 9th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $5.33.

Earnings History and Estimates for Pier 1 Imports (NYSE:PIR)

Pier 1 Imports (NYSE:PIR) opened at 5.23 on Monday. The stock’s 50 day moving average is $4.45 and its 200-day moving average is $5.01. The firm has a market capitalization of $420.68 million, a P/E ratio of 21.97 and a beta of 1.57. Pier 1 Imports has a 1-year low of $3.73 and a 1-year high of $7.70.

Pier 1 Imports (NYSE:PIR) last posted its quarterly earnings data on Wednesday, September 28th. The company reported ($0.05) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.05). Pier 1 Imports had a net margin of 1.06% and a return on equity of 7.20%. The company earned $405.80 million during the quarter. During the same quarter in the prior year, the company earned $0.04 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis.

Hedge funds have recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC acquired a new position in Pier 1 Imports during the second quarter valued at approximately $184,000. ClariVest Asset Management LLC acquired a new position in Pier 1 Imports during the second quarter valued at approximately $406,000. Strs Ohio acquired a new position in Pier 1 Imports during the second quarter valued at approximately $647,000. Smith Asset Management Group LP acquired a new position in Pier 1 Imports during the second quarter valued at approximately $155,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in Pier 1 Imports during the second quarter valued at approximately $882,000. Institutional investors own 91.74% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 19th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend was Monday, October 17th. Pier 1 Imports’s payout ratio is 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.

5 Day Chart for NYSE:PIR

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