Pier 1 Imports (PIR) Earning Somewhat Favorable Press Coverage, Report Shows
Headlines about Pier 1 Imports (NYSE:PIR) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pier 1 Imports earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the specialty retailer an impact score of 46.306412746787 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
PIR has been the topic of a number of research analyst reports. Credit Suisse Group decreased their price objective on shares of Pier 1 Imports from $4.00 to $3.50 and set an “underperform” rating on the stock in a report on Thursday, September 28th. KeyCorp reissued a “hold” rating on shares of Pier 1 Imports in a report on Friday, September 8th. ValuEngine raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a report on Friday, September 15th. BidaskClub downgraded shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, UBS AG reissued a “sell” rating and set a $3.50 price objective (down previously from $4.00) on shares of Pier 1 Imports in a report on Saturday, September 30th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $5.01.
Pier 1 Imports (PIR) traded up $0.08 during trading hours on Monday, hitting $4.39. 1,026,600 shares of the stock were exchanged, compared to its average volume of 2,289,957. The company has a current ratio of 2.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $367.84, a price-to-earnings ratio of 9.34, a PEG ratio of -10.33 and a beta of 1.79. Pier 1 Imports has a twelve month low of $3.96 and a twelve month high of $9.67.
Pier 1 Imports (NYSE:PIR) last posted its quarterly earnings data on Wednesday, September 27th. The specialty retailer reported ($0.05) earnings per share for the quarter, beating 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 business had revenue of $407.61 million during the quarter, compared to analyst estimates of $406.32 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. The company’s revenue was up .4% on a year-over-year basis. equities analysts expect that Pier 1 Imports will post 0.43 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Wednesday, October 18th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 6.38%. The ex-dividend date was 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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