Pier 1 Imports (PIR) Receiving Somewhat Favorable Press Coverage, Study Shows
Media stories about Pier 1 Imports (NYSE:PIR) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pier 1 Imports earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the specialty retailer an impact score of 47.1359097972819 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Pier 1 Imports’ (PIR) Sell Rating Reaffirmed at UBS AG (americanbankingnews.com)
- Pier 1 Imports, Inc. (PIR) Lowered to Hold at Loop Capital (americanbankingnews.com)
- 14616579 shares of Pier 1 Imports, Inc. (PIR) changed at hands actively on Sep 28, 2017 – Voice Of Analysts (analystsbuzz.com)
- Pier 1 Imports, Inc. (PIR) Performance Assessment in Focus – NASDAQ Times (nasdaqtimes.com)
- Pier 1 (PIR) Stock Looks Exciting After Big Sell-Off – Investorplace.com (investorplace.com)
A number of research analysts have weighed in on PIR shares. Loop Capital restated a “buy” rating and issued a $10.00 price target (down from $12.00) on shares of Pier 1 Imports in a research note on Thursday, June 29th. Zacks Investment Research upgraded Pier 1 Imports from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research note on Wednesday, June 28th. ValuEngine upgraded Pier 1 Imports from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Gordon Haskett upgraded Pier 1 Imports from a “reduce” rating to a “hold” rating and set a $6.00 price target for the company in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $7.25 price target on shares of Pier 1 Imports in a research note on Friday, June 23rd. Seven equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. Pier 1 Imports presently has an average rating of “Hold” and a consensus target price of $5.13.
Shares of Pier 1 Imports (PIR) traded down 0.24% on Friday, hitting $4.19. The stock had a trading volume of 4,308,089 shares. Pier 1 Imports has a 52 week low of $3.96 and a 52 week high of $9.68. The company has a 50-day moving average of $4.37 and a 200 day moving average of $5.55. The company has a market capitalization of $339.73 million, a price-to-earnings ratio of 10.45 and a beta of 1.69.
Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings data on Wednesday, September 27th. The specialty retailer reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. Pier 1 Imports had a return on equity of 13.82% and a net margin of 1.61%. The business had revenue of $407.61 million during the quarter, compared to analyst estimates of $406.32 million. During the same period in the prior year, the company earned ($0.05) earnings per share. Pier 1 Imports’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts predict that Pier 1 Imports will post $0.41 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 18th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 6.68%. The ex-dividend date of this dividend is Tuesday, October 17th. Pier 1 Imports’s dividend payout ratio (DPR) is 77.78%.
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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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