Pier 1 Imports (NYSE:PIR) had its target price cut by Loop Capital from $2.00 to $1.50 in a report released on Thursday, The Fly reports. They currently have a hold rating on the specialty retailer’s stock.

Several other analysts have also weighed in on PIR. 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 report on Friday, June 29th. Wedbush lowered their price objective on Pier 1 Imports from $3.00 to $2.25 and set a neutral rating for the company in a report on Friday, June 29th. Citigroup lowered their price objective on Pier 1 Imports from $3.20 to $3.10 and set a neutral rating for the company in a report on Thursday, June 28th. Finally, Zacks Investment Research raised Pier 1 Imports from a sell rating to a hold rating in a report on Tuesday, June 26th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Pier 1 Imports currently has a consensus rating of Hold and a consensus price target of $2.40.

Shares of Pier 1 Imports stock opened at $1.45 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.11 and a quick ratio of 0.86. The stock has a market capitalization of $124.23 million, a P/E ratio of 6.90 and a beta of 1.47. Pier 1 Imports has a fifty-two week low of $1.36 and a fifty-two week high of $5.92.

Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings data on Wednesday, June 27th. The specialty retailer reported ($0.36) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.03. The firm had revenue of $371.90 million during 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 period in the previous year, the company earned ($0.04) earnings per share. equities research analysts anticipate that Pier 1 Imports will post -0.44 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of PIR. Schwab Charles Investment Management Inc. grew its holdings in shares of Pier 1 Imports by 21.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,960,298 shares of the specialty retailer’s stock valued at $6,313,000 after purchasing an additional 350,217 shares during the last quarter. Systematic Financial Management LP grew its holdings in shares of Pier 1 Imports by 65.2% during the first quarter. Systematic Financial Management LP now owns 376,435 shares of the specialty retailer’s stock valued at $1,212,000 after purchasing an additional 148,630 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Pier 1 Imports by 81.6% during the first quarter. Sei Investments Co. now owns 275,517 shares of the specialty retailer’s stock valued at $887,000 after purchasing an additional 123,829 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Pier 1 Imports by 54.3% during the first quarter. Stifel Financial Corp now owns 218,800 shares of the specialty retailer’s stock valued at $697,000 after purchasing an additional 77,000 shares during the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of Pier 1 Imports during the first quarter valued at approximately $847,000. 74.28% of the stock is owned by institutional investors.

Pier 1 Imports Company 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.

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Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

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