Capital Fund Management S.A. grew its position in Pier 1 Imports, Inc. (NYSE:PIR) by 41.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,200 shares of the specialty retailer’s stock after acquiring an additional 28,100 shares during the period. Capital Fund Management S.A. owned about 0.11% of Pier 1 Imports worth $494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. HPM Partners LLC grew its position in shares of Pier 1 Imports by 13.9% in the 2nd quarter. HPM Partners LLC now owns 55,817 shares of the specialty retailer’s stock valued at $818,000 after acquiring an additional 6,817 shares during the period. Eagle Boston Investment Management Inc. lifted its stake in shares of Pier 1 Imports by 1.1% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 635,111 shares of the specialty retailer’s stock worth $3,296,000 after buying an additional 6,800 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Pier 1 Imports by 68.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 78,985 shares of the specialty retailer’s stock worth $410,000 after buying an additional 32,001 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Pier 1 Imports by 4.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,039,867 shares of the specialty retailer’s stock worth $10,588,000 after buying an additional 89,989 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Pier 1 Imports by 2.6% during the 2nd quarter. American Century Companies Inc. now owns 1,032,659 shares of the specialty retailer’s stock worth $5,360,000 after buying an additional 25,849 shares during the last quarter. 82.76% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of Pier 1 Imports from $5.50 to $5.00 and set an “underweight” rating for the company in a research note on Friday, June 30th. Deutsche Bank AG cut their target price on shares of Pier 1 Imports from $6.25 to $5.00 and set a “sell” rating for the company in a research note on Wednesday, May 31st. Johnson Rice cut shares of Pier 1 Imports from an “accumulate” rating to a “hold” rating in a research note on Thursday, June 29th. Loop Capital restated a “buy” rating and set a $10.00 target price (down previously from $12.00) on shares of Pier 1 Imports in a research note on Thursday, June 29th. Finally, KeyCorp restated a “hold” rating on shares of Pier 1 Imports in a research note on Friday, September 8th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.69.

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Pier 1 Imports, Inc. (NYSE PIR) opened at 5.20 on Monday. The firm has a 50-day moving average of $4.37 and a 200 day moving average of $5.60. The company has a market capitalization of $421.62 million, a price-to-earnings ratio of 12.97 and a beta of 1.69. Pier 1 Imports, Inc. has a 12-month low of $3.96 and a 12-month high of $9.68.

Pier 1 Imports (NYSE:PIR) last issued its earnings results on Wednesday, June 28th. The specialty retailer reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Pier 1 Imports had a net margin of 1.82% and a return on equity of 13.96%. The firm had revenue of $409.50 million during the quarter, compared to analyst estimates of $420.80 million. During the same quarter last year, the business earned ($0.07) earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. Analysts expect that Pier 1 Imports, Inc. will post $0.47 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for Pier 1 Imports (NYSE:PIR)

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