Pier 1 Imports Inc. (NYSE:PIR) – Investment analysts at Wedbush raised their Q3 2017 earnings per share (EPS) estimates for shares of Pier 1 Imports in a research note issued on Tuesday. Wedbush analyst S. Basham now forecasts that the brokerage will earn $0.14 per share for the quarter, up from their prior forecast of $0.10. Wedbush has a “Neutral” rating and a $4.00 price objective on the stock. Wedbush also issued estimates for Pier 1 Imports’ FY2017 earnings at $0.28 EPS.

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 the Zacks’ consensus estimate of ($0.05). The firm earned $405.80 million during the quarter. Pier 1 Imports had a net margin of 1.06% and a return on equity of 7.20%. Pier 1 Imports’s revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 earnings per share.

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

A number of other analysts also recently weighed in on the stock. Telsey Advisory Group increased their price target on shares of Pier 1 Imports from $5.00 to $5.50 and gave the company a “market perform” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a research report on Wednesday, November 9th. Guggenheim reissued a “neutral” rating on shares of Pier 1 Imports in a research note on Friday, September 30th. Credit Suisse Group AG reissued a “sell” rating and set a $4.00 target price on shares of Pier 1 Imports in a research note on Thursday, September 29th. Finally, 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. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.36.

Shares of Pier 1 Imports (NYSE:PIR) opened at 5.76 on Thursday. The firm has a 50-day moving average of $4.61 and a 200-day moving average of $4.98. The firm has a market capitalization of $463.31 million, a PE ratio of 24.20 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.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend was Monday, October 17th. Pier 1 Imports’s dividend payout ratio is currently 116.67%.

Large investors have recently bought and sold shares of the company. Raymond James & Associates increased its stake in Pier 1 Imports by 0.5% in the second quarter. Raymond James & Associates now owns 258,123 shares of the company’s stock worth $1,327,000 after buying an additional 1,187 shares in the last quarter. California State Teachers Retirement System increased its stake in Pier 1 Imports by 0.7% in the third quarter. California State Teachers Retirement System now owns 171,006 shares of the company’s stock worth $725,000 after buying an additional 1,200 shares in the last quarter. BlackRock Advisors LLC increased its stake in Pier 1 Imports by 3.9% in the second quarter. BlackRock Advisors LLC now owns 40,719 shares of the company’s stock worth $209,000 after buying an additional 1,520 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Pier 1 Imports by 2.2% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 74,405 shares of the company’s stock worth $315,000 after buying an additional 1,635 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in Pier 1 Imports by 3.6% in the third quarter. BlackRock Group LTD now owns 60,044 shares of the company’s stock worth $254,000 after buying an additional 2,109 shares in the last quarter. 91.74% 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.

5 Day Chart for NYSE:PIR

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.