ValuEngine upgraded shares of Pier 1 Imports, Inc. (NYSE:PIR) from a hold rating to a buy rating in a report issued on Friday morning.

Other analysts have also issued reports about the company. Loop Capital reissued a buy rating and set a $10.00 price objective (down from $12.00) on shares of Pier 1 Imports in a report on Thursday, June 29th. Zacks Investment Research upgraded Pier 1 Imports from a hold rating to a buy rating and set a $6.00 target price on the stock in a research note on Wednesday, June 28th. Gordon Haskett upgraded Pier 1 Imports from a reduce rating to a hold rating and set a $6.00 target price on the stock in a research note on Tuesday, June 27th. Jefferies Group LLC restated a hold rating and issued a $7.25 target price on shares of Pier 1 Imports in a research note on Friday, June 23rd. Finally, Johnson Rice downgraded Pier 1 Imports from an accumulate rating to a hold rating in a research note on Thursday, June 29th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. Pier 1 Imports presently has a consensus rating of Hold and an average target price of $5.69.

Pier 1 Imports (PIR) traded up 15.04% during mid-day trading on Friday, hitting $5.20. The stock had a trading volume of 4,837,958 shares. The stock has a market cap of $421.62 million, a PE ratio of 12.97 and a beta of 1.69. Pier 1 Imports has a 1-year low of $3.96 and a 1-year high of $9.68. The firm’s 50-day moving average price is $4.37 and its 200-day moving average price is $5.60.

Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Wednesday, June 28th. The specialty retailer reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $409.50 million during the quarter, compared to analyst estimates 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 previous year, the company posted ($0.07) EPS. On average, equities analysts expect that Pier 1 Imports will post $0.47 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the stock. Airain ltd purchased a new stake in shares of Pier 1 Imports during the first quarter worth $159,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Pier 1 Imports by 4.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 2,039,867 shares of the specialty retailer’s stock worth $10,588,000 after acquiring an additional 89,989 shares in the last quarter. Nationwide Fund Advisors lifted its position in shares of Pier 1 Imports by 321.8% during the first quarter. Nationwide Fund Advisors now owns 275,386 shares of the specialty retailer’s stock worth $1,972,000 after acquiring an additional 210,090 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Pier 1 Imports during the first quarter worth $2,093,000. Finally, Comerica Bank purchased a new stake in shares of Pier 1 Imports during the first quarter worth $761,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

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.

Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

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