Pier 1 Imports (PIR) Trading Up 3.5%

Shares of Pier 1 Imports Inc (NYSE:PIR) were up 3.5% during mid-day trading on Wednesday . The company traded as high as $3.20 and last traded at $3.29. Approximately 1,847,309 shares changed hands during trading, a decline of 16% from the average daily volume of 2,189,334 shares. The stock had previously closed at $3.18.

A number of analysts have recently issued reports on PIR shares. Zacks Investment Research raised shares of 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. Loop Capital set a $4.00 price target on shares of Pier 1 Imports and gave the company a “hold” rating in a report on Thursday, December 14th. Gordon Haskett downgraded shares of Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 price target on the stock. in a report on Thursday, December 14th. Finally, ValuEngine raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a report on Monday, December 11th. Eight analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $4.78.

The company has a debt-to-equity ratio of 0.74, a current ratio of 2.14 and a quick ratio of 0.61. The firm has a market cap of $272.55, a P/E ratio of 11.38, a price-to-earnings-growth ratio of -4.93 and a beta of 1.59.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 8.48%. The ex-dividend date of this dividend was Tuesday, January 16th. Pier 1 Imports’s dividend payout ratio (DPR) is presently 96.55%.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Pier 1 Imports by 13.1% in the 2nd quarter. Vanguard Group Inc. now owns 8,264,810 shares of the specialty retailer’s stock worth $42,894,000 after purchasing an additional 959,886 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Pier 1 Imports by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,149,503 shares of the specialty retailer’s stock worth $37,105,000 after purchasing an additional 169,640 shares during the period. State Street Corp lifted its stake in shares of Pier 1 Imports by 4.9% in the 2nd quarter. State Street Corp now owns 1,748,341 shares of the specialty retailer’s stock worth $9,074,000 after purchasing an additional 81,907 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Pier 1 Imports by 11.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,610,081 shares of the specialty retailer’s stock worth $6,666,000 after purchasing an additional 170,701 shares during the period. Finally, Towle & Co. bought a new position in shares of Pier 1 Imports in the 3rd quarter worth approximately $6,481,000. Hedge funds and other institutional investors own 78.03% of the company’s stock.

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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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