Shares of Pier 1 Imports, Inc. (NYSE:PIR) have been assigned a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $5.01.

A number of equities analysts have recently issued reports on PIR shares. Telsey Advisory Group cut their price objective on shares of Pier 1 Imports from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Thursday, June 29th. ValuEngine cut shares of Pier 1 Imports from a “buy” rating to a “hold” rating in a research report on Thursday, September 21st. Jefferies Group LLC cut their price objective on shares of Pier 1 Imports from $7.25 to $5.90 and set a “hold” rating on the stock in a research report on Friday, June 30th. Gordon Haskett raised shares of Pier 1 Imports from a “reduce” rating to a “hold” rating and set a $6.00 price objective on the stock in a research report on Tuesday, June 27th. Finally, Morgan Stanley reissued an “underweight” rating and set a $4.20 price objective (down previously from $4.60) on shares of Pier 1 Imports in a research report on Thursday, September 28th.

Shares of Pier 1 Imports (NYSE PIR) traded down 4.11% during mid-day trading on Friday, hitting $4.20. The stock had a trading volume of 3,710,417 shares. The company has a market cap of $340.54 million, a P/E ratio of 10.47 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 $4.31 and its 200 day moving average price is $5.35.

Pier 1 Imports (NYSE:PIR) last released its quarterly earnings data on Wednesday, September 27th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. The company had revenue of $407.61 million for the quarter, compared to analysts’ expectations of $406.32 million. Pier 1 Imports had a net margin of 1.61% and a return on equity of 13.82%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) EPS. Analysts predict that Pier 1 Imports will post $0.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 18th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, October 17th. This represents a $0.28 annualized dividend and a dividend yield of 6.67%. Pier 1 Imports’s dividend payout ratio is currently 77.78%.

Several institutional investors have recently bought and sold shares of PIR. Nationwide Fund Advisors lifted its position in shares of Pier 1 Imports by 321.8% during the 1st quarter. Nationwide Fund Advisors now owns 275,386 shares of the specialty retailer’s stock worth $1,972,000 after buying an additional 210,090 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Pier 1 Imports by 20.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 87,047 shares of the specialty retailer’s stock worth $623,000 after buying an additional 14,973 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Pier 1 Imports by 4.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,075,640 shares of the specialty retailer’s stock worth $7,702,000 after buying an additional 50,380 shares in the last quarter. Comerica Bank bought a new position in shares of Pier 1 Imports during the 1st quarter worth approximately $761,000. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Pier 1 Imports by 84.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 53,551 shares of the specialty retailer’s stock worth $383,000 after buying an additional 24,454 shares in the last quarter. 82.76% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

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