GSA Capital Partners LLP acquired a new position in shares of Pier 1 Imports Inc (NYSE:PIR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 75,000 shares of the specialty retailer’s stock, valued at approximately $179,000. GSA Capital Partners LLP owned approximately 0.09% of Pier 1 Imports at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Towle & Co. grew its holdings in shares of Pier 1 Imports by 24.4% during the 2nd quarter. Towle & Co. now owns 10,901,645 shares of the specialty retailer’s stock worth $25,946,000 after purchasing an additional 2,136,230 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Pier 1 Imports by 2,815.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,516,000 shares of the specialty retailer’s stock worth $8,368,000 after purchasing an additional 3,395,400 shares in the last quarter. Contrarius Investment Management Ltd grew its holdings in shares of Pier 1 Imports by 39.7% during the 2nd quarter. Contrarius Investment Management Ltd now owns 2,886,045 shares of the specialty retailer’s stock worth $6,869,000 after purchasing an additional 820,004 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Pier 1 Imports by 38.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,709,973 shares of the specialty retailer’s stock worth $6,450,000 after purchasing an additional 749,675 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. grew its holdings in shares of Pier 1 Imports by 4.4% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 753,615 shares of the specialty retailer’s stock worth $1,793,000 after purchasing an additional 31,788 shares in the last quarter. 74.28% of the stock is currently owned by institutional investors.

Shares of PIR stock opened at $1.50 on Thursday. The company has a current ratio of 2.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $125.94 million, a P/E ratio of 7.14 and a beta of 1.47. Pier 1 Imports Inc has a one year low of $1.36 and a one year high of $5.92.

Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings results on Wednesday, June 27th. The specialty retailer reported ($0.36) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.03. The business had revenue of $371.90 million for the quarter, compared to analyst estimates of $375.45 million. Pier 1 Imports had a negative return on equity of 3.26% and a negative net margin of 0.79%. Pier 1 Imports’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) EPS. research analysts expect that Pier 1 Imports Inc will post -0.51 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the company. TheStreet lowered Pier 1 Imports from a “c-” rating to a “d” rating in a report on Wednesday, June 27th. ValuEngine lowered Pier 1 Imports from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Wedbush decreased their price target on Pier 1 Imports from $3.00 to $2.25 and set a “neutral” rating on the stock in a research note on Friday, June 29th. Citigroup decreased their price target on Pier 1 Imports from $3.20 to $3.10 and set a “neutral” rating on the stock in a research note on Thursday, June 28th. Finally, Zacks Investment Research raised Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Pier 1 Imports has an average rating of “Hold” and a consensus target price of $2.07.

Pier 1 Imports Profile

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.

See Also: Short Selling

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

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