Somewhat Positive Press Coverage Somewhat Unlikely to Affect Pier 1 Imports (PIR) Stock Price
News coverage about Pier 1 Imports (NYSE:PIR) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pier 1 Imports earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the specialty retailer an impact score of 46.5595375550771 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Brokerages Expect Pier 1 Imports, Inc. (PIR) Will Post Quarterly Sales of $466.33 Million (americanbankingnews.com)
- Pier 1 Imports, Inc. (PIR) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Zacks: Brokerages Anticipate Pier 1 Imports, Inc. (PIR) to Announce $0.12 EPS (americanbankingnews.com)
- Head-To-Head Survey: At Home Group (HOME) vs. Pier 1 Imports (PIR) (americanbankingnews.com)
Several equities research analysts recently issued reports on the company. ValuEngine upgraded Pier 1 Imports from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. UBS Group AG reiterated a “sell” rating and set a $3.50 price target (down previously from $4.00) on shares of Pier 1 Imports in a report on Saturday, September 30th. Zacks Investment Research downgraded Pier 1 Imports from a “hold” rating to a “sell” rating in a report on Saturday, September 30th. Credit Suisse Group reiterated a “sell” rating and set a $4.00 price target on shares of Pier 1 Imports in a report on Friday, September 29th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $4.20 price target (down previously from $4.60) on shares of Pier 1 Imports in a report on Thursday, September 28th. Seven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.01.
Pier 1 Imports (NYSE PIR) opened at $4.57 on Friday. The stock has a market capitalization of $393.24, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of -10.47 and a beta of 1.79. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.23 and a quick ratio of 0.43. Pier 1 Imports has a 12 month low of $3.96 and a 12 month high of $9.67.
Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings data on Wednesday, September 27th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $407.61 million during the quarter, compared to the consensus estimate of $406.32 million. Pier 1 Imports had a return on equity of 13.82% and a net margin of 1.61%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS. equities research analysts expect that Pier 1 Imports will post 0.43 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 18th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, October 17th. This represents a $0.28 dividend on an annualized basis and a yield of 6.13%. Pier 1 Imports’s dividend payout ratio (DPR) is presently 77.78%.
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.
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