Pier 1 Imports (NYSE:PIR) had its price target decreased by Loop Capital from $4.00 to $3.00 in a report released on Thursday, The Fly reports. Loop Capital currently has a hold rating on the specialty retailer’s stock.

A number of other brokerages have also recently weighed in on PIR. Telsey Advisory Group reissued a market perform rating on shares of Pier 1 Imports in a report on Thursday, January 25th. Wedbush reissued a neutral rating on shares of Pier 1 Imports in a report on Monday, April 16th. Vetr cut Pier 1 Imports from a strong-buy rating to a buy rating and set a $3.79 price objective on the stock. in a report on Thursday, April 5th. Finally, Zacks Investment Research cut Pier 1 Imports from a hold rating to a sell rating in a report on Wednesday, March 14th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Pier 1 Imports has an average rating of Hold and a consensus target price of $4.04.

Shares of NYSE PIR opened at $2.64 on Thursday. The stock has a market cap of $220.04, a P/E ratio of 12.57, a PEG ratio of -4.33 and a beta of 1.47. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.61 and a current ratio of 2.34. Pier 1 Imports has a 1-year low of $2.64 and a 1-year high of $7.22.

Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings data on Wednesday, April 18th. The specialty retailer reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The company had revenue of $512.23 million for the quarter, compared to analysts’ expectations of $537.62 million. Pier 1 Imports had a return on equity of 6.17% and a net margin of 0.65%. Pier 1 Imports’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. equities analysts expect that Pier 1 Imports will post 0.14 earnings per share for the current year.

In related news, major shareholder & Co Towle purchased 32,900 shares of Pier 1 Imports stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $3.09 per share, for a total transaction of $101,661.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have purchased 45,705 shares of company stock worth $142,468. 5.58% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of PIR. Towle & Co. grew its position in Pier 1 Imports by 216.9% during the 4th quarter. Towle & Co. now owns 4,901,790 shares of the specialty retailer’s stock worth $20,293,000 after acquiring an additional 3,354,913 shares during the last quarter. Spark Investment Management LLC grew its position in Pier 1 Imports by 230.6% during the 4th quarter. Spark Investment Management LLC now owns 917,100 shares of the specialty retailer’s stock worth $3,796,000 after acquiring an additional 639,700 shares during the last quarter. Paradigm Capital Management Inc. NY grew its position in Pier 1 Imports by 1,260.2% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 557,700 shares of the specialty retailer’s stock worth $2,309,000 after acquiring an additional 516,700 shares during the last quarter. Allianz Asset Management GmbH grew its position in Pier 1 Imports by 263.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 440,136 shares of the specialty retailer’s stock worth $1,844,000 after acquiring an additional 318,987 shares during the last quarter. Finally, James Investment Research Inc. bought a new position in Pier 1 Imports during the 4th quarter worth approximately $849,000. Institutional investors and hedge funds own 78.04% of the company’s stock.

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About Pier 1 Imports

Pier 1 Imports, Inc engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios.

The Fly

Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

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