Quantbot Technologies LP lowered its stake in Pier 1 Imports, Inc. (NYSE:PIR) by 38.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,623 shares of the specialty retailer’s stock after selling 13,415 shares during the quarter. Quantbot Technologies LP’s holdings in Pier 1 Imports were worth $112,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Aperio Group LLC acquired a new position in shares of Pier 1 Imports in the 2nd quarter valued at $103,000. Jane Street Group LLC lifted its stake in shares of Pier 1 Imports by 29.0% in the 1st quarter. Jane Street Group LLC now owns 21,562 shares of the specialty retailer’s stock valued at $154,000 after purchasing an additional 4,853 shares during the period. Koch Industries Inc. acquired a new position in shares of Pier 1 Imports in the 1st quarter valued at $171,000. Eagle Global Advisors LLC acquired a new position in shares of Pier 1 Imports in the 2nd quarter valued at $175,000. Finally, SG Americas Securities LLC acquired a new position in shares of Pier 1 Imports in the 2nd quarter valued at $178,000. 83.51% of the stock is currently owned by institutional investors.

Shares of Pier 1 Imports, Inc. (PIR) opened at 4.13 on Monday. Pier 1 Imports, Inc. has a 52 week low of $3.96 and a 52 week high of $9.68. The firm has a market cap of $334.86 million, a P/E ratio of 10.30 and a beta of 1.69. The company’s 50-day moving average price is $4.32 and its 200 day moving average price is $5.32.

Pier 1 Imports (NYSE:PIR) last released its earnings results on Wednesday, September 27th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of $407.61 million for the quarter, compared to analyst estimates of $406.32 million. Pier 1 Imports had a net margin of 1.61% and a return on equity of 13.82%. Pier 1 Imports’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) earnings per share. On average, equities analysts anticipate that Pier 1 Imports, Inc. will post $0.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Wednesday, October 18th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, October 17th. This represents a $0.28 annualized dividend and a yield of 6.78%. Pier 1 Imports’s payout ratio is 77.78%.

A number of research firms have recently weighed in on PIR. Loop Capital cut their price target on Pier 1 Imports from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Telsey Advisory Group cut their price target on Pier 1 Imports from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, June 29th. Zacks Investment Research downgraded Pier 1 Imports from a “hold” rating to a “sell” rating in a research note on Saturday, September 30th. Johnson Rice downgraded Pier 1 Imports from an “accumulate” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, BidaskClub downgraded Pier 1 Imports from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.01.

COPYRIGHT VIOLATION WARNING: This report was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/10/09/quantbot-technologies-lp-has-112000-stake-in-pier-1-imports-inc-pir.html.

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.

Want to see what other hedge funds are holding PIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pier 1 Imports, Inc. (NYSE:PIR).

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

Receive News & Stock Ratings for Pier 1 Imports Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports Inc. and related stocks with our FREE daily email newsletter.