Pier 1 Imports, Inc. (PIR) Stock Rating Lowered by ValuEngine
Pier 1 Imports, Inc. (NYSE:PIR) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Several other brokerages have also recently issued reports on PIR. Telsey Advisory Group decreased their price objective on Pier 1 Imports from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, June 29th. Jefferies Group LLC decreased their price target on Pier 1 Imports from $7.25 to $5.90 and set a “hold” rating on the stock in a report on Friday, June 30th. Gordon Haskett upgraded Pier 1 Imports from a “reduce” rating to a “hold” rating and set a $6.00 price target on the stock in a report on Tuesday, June 27th. Zacks Investment Research lowered Pier 1 Imports from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Finally, BidaskClub upgraded Pier 1 Imports from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.69.
Pier 1 Imports (NYSE:PIR) opened at 4.29 on Friday. The firm’s 50 day moving average is $4.41 and its 200 day moving average is $5.75. Pier 1 Imports has a 1-year low of $3.73 and a 1-year high of $9.68. The stock has a market capitalization of $347.83 million, a P/E ratio of 10.70 and a beta of 1.69.
Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Wednesday, June 28th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The business had revenue of $409.50 million for the quarter, compared to analysts’ expectations of $420.80 million. Pier 1 Imports had a return on equity of 13.96% and a net margin of 1.82%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.07) EPS. On average, equities research analysts anticipate that Pier 1 Imports will post $0.47 earnings per share for the current year.
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A number of large investors have recently modified their holdings of PIR. Alambic Investment Management L.P. bought a new stake in shares of Pier 1 Imports during the first quarter worth $104,000. Aperio Group LLC acquired a new stake in Pier 1 Imports during the second quarter worth approximately $103,000. Jane Street Group LLC boosted its stake in Pier 1 Imports by 29.0% in the first quarter. Jane Street Group LLC now owns 21,562 shares of the specialty retailer’s stock worth $154,000 after buying an additional 4,853 shares during the period. Airain ltd acquired a new stake in Pier 1 Imports during the first quarter worth approximately $159,000. Finally, Teza Capital Management LLC acquired a new stake in Pier 1 Imports during the first quarter worth approximately $167,000. 82.79% of the stock is currently owned by institutional investors.
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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