Pier 1 Imports Inc (PIR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Pier 1 Imports Inc (NYSE:PIR) have received an average recommendation of “Hold” from the nineteen brokerages that are presently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $4.76.

A number of research analysts have recently issued reports on PIR shares. ValuEngine raised Pier 1 Imports from a “hold” rating to a “buy” rating in a report on Monday, December 11th. Loop Capital set a $4.00 price objective on Pier 1 Imports and gave the stock a “hold” rating in a report on Thursday, December 14th. Zacks Investment Research raised Pier 1 Imports from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Pier 1 Imports in a report on Thursday, January 25th. Finally, Gordon Haskett lowered Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 price objective on the stock. in a report on Thursday, December 14th.

Pier 1 Imports (NYSE PIR) traded down $0.01 during trading hours on Friday, hitting $3.29. The stock had a trading volume of 1,622,416 shares, compared to its average volume of 2,249,571. The firm has a market capitalization of $265.05, a price-to-earnings ratio of 11.75, a P/E/G ratio of -5.26 and a beta of 1.59. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.61 and a current ratio of 2.14. Pier 1 Imports has a 1-year low of $2.87 and a 1-year high of $7.65.

Pier 1 Imports (NYSE:PIR) last released its earnings results on Wednesday, December 13th. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). The company had revenue of $469.20 million during the quarter, compared to analyst estimates of $466.60 million. Pier 1 Imports had a net margin of 1.28% and a return on equity of 10.17%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 EPS. analysts expect that Pier 1 Imports will post 0.2 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, January 16th. This represents a $0.28 dividend on an annualized basis and a yield of 8.51%. Pier 1 Imports’s payout ratio is 100.00%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its position in 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 worth $335,000 after purchasing an additional 326 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in 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 worth $194,000 after purchasing an additional 1,583 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in Pier 1 Imports by 5.6% during the second quarter. Tudor Investment Corp ET AL now owns 92,622 shares of the specialty retailer’s stock worth $481,000 after purchasing an additional 4,935 shares in the last quarter. Voya Investment Management LLC boosted its position in Pier 1 Imports by 14.6% during the second quarter. Voya Investment Management LLC now owns 41,145 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 5,238 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Pier 1 Imports by 1.3% during the second quarter. Northern Trust Corp now owns 980,665 shares of the specialty retailer’s stock worth $5,090,000 after purchasing an additional 12,568 shares in the last quarter. Institutional investors own 78.03% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Pier 1 Imports Inc (PIR) Given Consensus Recommendation of “Hold” by Brokerages” was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://www.com-unik.info/2018/02/08/pier-1-imports-inc-pir-given-consensus-recommendation-of-hold-by-brokerages.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.

Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

Receive News & Ratings for Pier 1 Imports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit