Virtu KCG Holdings LLC Has $813,000 Stake in Pier 1 Imports, Inc. (PIR)
Virtu KCG Holdings LLC raised its holdings in shares of Pier 1 Imports, Inc. (NYSE:PIR) by 1,295.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 156,684 shares of the specialty retailer’s stock after acquiring an additional 145,455 shares during the quarter. Virtu KCG Holdings LLC owned approximately 0.19% of Pier 1 Imports worth $813,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Pier 1 Imports by 34.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,979,863 shares of the specialty retailer’s stock valued at $49,976,000 after acquiring an additional 1,789,745 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Pier 1 Imports during the 1st quarter worth about $9,526,000. JPMorgan Chase & Co. raised its position in shares of Pier 1 Imports by 32.4% during the 1st quarter. JPMorgan Chase & Co. now owns 5,132,128 shares of the specialty retailer’s stock worth $36,745,000 after acquiring an additional 1,254,498 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Pier 1 Imports by 19.3% during the 1st quarter. Vanguard Group Inc. now owns 7,304,924 shares of the specialty retailer’s stock worth $52,303,000 after acquiring an additional 1,179,575 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Pier 1 Imports by 794.7% during the 1st quarter. Teachers Advisors LLC now owns 1,289,958 shares of the specialty retailer’s stock worth $9,236,000 after acquiring an additional 1,145,780 shares in the last quarter. 82.76% of the stock is owned by institutional investors and hedge funds.
PIR has been the subject of a number of research analyst reports. Telsey Advisory Group lowered their price target on Pier 1 Imports from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, June 29th. Loop Capital cut their price objective on shares of Pier 1 Imports from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a report on Saturday. Johnson Rice downgraded shares of Pier 1 Imports from an “accumulate” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, BidaskClub downgraded shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Seven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. Pier 1 Imports has an average rating of “Hold” and an average price target of $5.09.
Shares of Pier 1 Imports, Inc. (NYSE PIR) opened at 4.38 on Wednesday. The stock’s 50 day moving average is $4.31 and its 200 day moving average is $5.36. The firm has a market cap of $355.13 million, a P/E ratio of 10.92 and a beta of 1.69. Pier 1 Imports, Inc. has a 52 week low of $3.96 and a 52 week high of $9.68.
Pier 1 Imports (NYSE:PIR) last released its quarterly earnings data on Wednesday, September 27th. The specialty retailer reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Pier 1 Imports had a net margin of 1.61% and a return on equity of 13.82%. The firm had revenue of $407.61 million during the quarter, compared to the consensus estimate of $406.32 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The firm’s revenue was up .4% on a year-over-year basis. On average, equities research analysts predict that Pier 1 Imports, Inc. will post $0.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 18th will be given a $0.07 dividend. The ex-dividend date is Tuesday, October 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.39%. Pier 1 Imports’s payout ratio is currently 77.78%.
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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.
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