Robeco Institutional Asset Management B.V. raised its position in shares of Pier 1 Imports, Inc. (NYSE:PIR) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,039,867 shares of the specialty retailer’s stock after buying an additional 89,989 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 2.41% of Pier 1 Imports worth $10,588,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aperio Group LLC acquired a new position in shares of Pier 1 Imports during the second quarter worth about $103,000. Alambic Investment Management L.P. acquired a new position in shares of Pier 1 Imports during the first quarter worth about $104,000. Jane Street Group LLC increased its position in shares of Pier 1 Imports by 29.0% in the first quarter. Jane Street Group LLC now owns 21,562 shares of the specialty retailer’s stock worth $154,000 after buying an additional 4,853 shares during the last quarter. Airain ltd acquired a new position in shares of Pier 1 Imports during the first quarter worth about $159,000. Finally, Teza Capital Management LLC acquired a new position in shares of Pier 1 Imports during the first quarter worth about $167,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Pier 1 Imports, Inc. (PIR) opened at 4.20 on Wednesday. The stock has a market cap of $340.54 million, a PE ratio of 10.47 and a beta of 1.70. The firm’s 50-day moving average price is $4.48 and its 200 day moving average price is $5.86. Pier 1 Imports, Inc. has a 12-month low of $3.73 and a 12-month high of $9.68.

Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Wednesday, June 28th. The specialty retailer reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. Pier 1 Imports had a net margin of 1.82% and a return on equity of 13.96%. The business had revenue of $409.50 million during the quarter, compared to analysts’ expectations of $420.80 million. During the same period last year, the company posted ($0.07) EPS. The company’s revenue was down 2.1% on a year-over-year basis. Analysts anticipate that Pier 1 Imports, Inc. will post $0.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.67%. Pier 1 Imports’s dividend payout ratio (DPR) is 68.29%.

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PIR has been the topic of a number of recent research reports. Loop Capital reissued a “buy” rating and issued a $10.00 target price (down previously from $12.00) on shares of Pier 1 Imports in a report on Thursday, June 29th. Zacks Investment Research raised Pier 1 Imports from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Wednesday, June 28th. Gordon Haskett raised Pier 1 Imports from a “reduce” rating to a “hold” rating and set a $6.00 target price on the stock in a report on Tuesday, June 27th. Jefferies Group LLC reissued a “hold” rating and issued a $7.25 target price on shares of Pier 1 Imports in a report on Friday, June 23rd. Finally, ValuEngine downgraded Pier 1 Imports from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.69.

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.

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

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