Pier 1 Imports, Inc. (PIR) Stock Rating Upgraded by ValuEngine
Pier 1 Imports, Inc. (NYSE:PIR) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Monday.
A number of other research firms have also recently issued reports on PIR. Jefferies Group LLC restated a “hold” rating and set a $7.25 target price on shares of Pier 1 Imports in a research note on Friday, June 23rd. Gordon Haskett upgraded shares of Pier 1 Imports from a “reduce” rating to a “hold” rating and set a $6.00 price target on the stock in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of Pier 1 Imports from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Wednesday, June 28th. Telsey Advisory Group lowered their price target on shares of Pier 1 Imports from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, June 29th. Finally, Johnson Rice cut shares of Pier 1 Imports from an “accumulate” rating to a “hold” rating in a report on Thursday, June 29th. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.09.
Pier 1 Imports (NYSE:PIR) opened at 4.38 on Monday. The company has a market capitalization of $355.13 million, a price-to-earnings ratio of 10.92 and a beta of 1.69. The company’s 50-day moving average price is $4.31 and its 200 day moving average price is $5.36. Pier 1 Imports has a 52 week low of $3.96 and a 52 week high of $9.68.
Pier 1 Imports (NYSE:PIR) last released its quarterly earnings data on Wednesday, September 27th. The specialty retailer reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $407.61 million during the quarter, compared to analysts’ expectations of $406.32 million. During the same period in the previous year, the business posted ($0.05) earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts predict that Pier 1 Imports will post $0.41 EPS for the current year.
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Hedge funds have recently bought and sold shares of the stock. Aperio Group LLC bought a new stake in Pier 1 Imports during the second quarter worth about $103,000. Jane Street Group LLC grew its stake in Pier 1 Imports by 29.0% during 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 in the last quarter. Airain ltd acquired a new stake in Pier 1 Imports during the first quarter worth about $159,000. Koch Industries Inc. acquired a new stake in Pier 1 Imports during the first quarter worth about $171,000. Finally, Eagle Global Advisors LLC acquired a new stake in Pier 1 Imports during the second quarter worth about $175,000. 82.76% of the stock is owned by institutional investors and hedge funds.
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.
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