Nationwide Fund Advisors Has $1.42 Million Holdings in Pier 1 Imports Inc (PIR)

Nationwide Fund Advisors trimmed its position in shares of Pier 1 Imports Inc (NYSE:PIR) by 30.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 337,647 shares of the specialty retailer’s stock after selling 145,596 shares during the quarter. Nationwide Fund Advisors owned about 0.42% of Pier 1 Imports worth $1,415,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Adams Asset Advisors LLC purchased a new stake in shares of Pier 1 Imports during the third quarter valued at about $628,000. Public Employees Retirement System of Ohio lifted its position in shares of Pier 1 Imports by 4.4% during the second quarter. Public Employees Retirement System of Ohio now owns 37,431 shares of the specialty retailer’s stock valued at $194,000 after buying an additional 1,583 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of Pier 1 Imports by 493.4% during the second quarter. Verition Fund Management LLC now owns 83,269 shares of the specialty retailer’s stock valued at $432,000 after buying an additional 69,236 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in shares of Pier 1 Imports during the second quarter valued at about $814,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Pier 1 Imports by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 64,436 shares of the specialty retailer’s stock valued at $335,000 after buying an additional 326 shares during the last quarter. 77.92% of the stock is owned by institutional investors and hedge funds.

Pier 1 Imports Inc (PIR) opened at $4.30 on Wednesday. The company has a market cap of $360.30, a P/E ratio of 14.83, a P/E/G ratio of -7.23 and a beta of 1.85. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.14 and a quick ratio of 0.61. Pier 1 Imports Inc has a 1 year low of $3.96 and a 1 year high of $9.23.

Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings data on Wednesday, December 13th. The specialty retailer reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Pier 1 Imports had a net margin of 1.28% and a return on equity of 10.17%. The company had revenue of $469.20 million during the quarter, compared to analysts’ expectations of $466.60 million. During the same period in the previous year, the business earned $0.22 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. research analysts anticipate that Pier 1 Imports Inc will post 0.2 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $0.28 annualized dividend and a yield of 6.51%. Pier 1 Imports’s dividend payout ratio (DPR) is presently 96.55%.

Several research firms have commented on PIR. ValuEngine raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. Credit Suisse Group decreased their price objective on shares of Pier 1 Imports from $4.00 to $3.50 and set an “underperform” rating for the company in a research report on Thursday, September 28th. KeyCorp reaffirmed a “hold” rating on shares of Pier 1 Imports in a research report on Friday, September 8th. Gordon Haskett lowered shares of Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 price objective for the company. in a research report on Thursday, December 14th. Finally, UBS Group reaffirmed a “sell” rating and issued a $3.50 price objective (down from $4.00) on shares of Pier 1 Imports in a research report on Saturday, September 30th. Eight equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. Pier 1 Imports presently has a consensus rating of “Hold” and a consensus target price of $4.78.

WARNING: “Nationwide Fund Advisors Has $1.42 Million Holdings in Pier 1 Imports Inc (PIR)” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.com-unik.info/2017/12/27/nationwide-fund-advisors-has-1-42-million-holdings-in-pier-1-imports-inc-pir.html.

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.

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

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