Pier 1 Imports Inc (PIR) Receives $1.80 Consensus Target Price from Analysts

Pier 1 Imports Inc (NYSE:PIR) has received a consensus rating of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $1.80.

Several brokerages have recently commented on PIR. Zacks Investment Research downgraded Pier 1 Imports from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. ValuEngine downgraded Pier 1 Imports from a “buy” rating to a “hold” rating in a report on Friday, December 21st. Loop Capital reduced their target price on Pier 1 Imports to $1.00 and set a “hold” rating on the stock in a report on Thursday, December 20th. Finally, Gordon Haskett raised Pier 1 Imports from an “underperform” rating to a “hold” rating in a report on Tuesday, January 8th.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in Pier 1 Imports by 36.1% during the 4th quarter. Rhumbline Advisers now owns 119,399 shares of the specialty retailer’s stock worth $37,000 after buying an additional 31,666 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Pier 1 Imports by 1,033.7% during the 4th quarter. SG Americas Securities LLC now owns 130,136 shares of the specialty retailer’s stock worth $40,000 after buying an additional 118,657 shares in the last quarter. Stone Ridge Asset Management LLC lifted its holdings in Pier 1 Imports by 32.8% during the 4th quarter. Stone Ridge Asset Management LLC now owns 162,991 shares of the specialty retailer’s stock worth $50,000 after buying an additional 40,249 shares in the last quarter. Teton Advisors Inc. lifted its holdings in Pier 1 Imports by 1,566.7% during the 4th quarter. Teton Advisors Inc. now owns 200,000 shares of the specialty retailer’s stock worth $61,000 after buying an additional 188,000 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in Pier 1 Imports during the 4th quarter worth $136,000. 48.48% of the stock is currently owned by institutional investors and hedge funds.

NYSE PIR opened at $0.78 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.49 and a current ratio of 1.64. The company has a market cap of $66.31 million, a price-to-earnings ratio of 3.71 and a beta of 4.23. Pier 1 Imports has a 1-year low of $0.28 and a 1-year high of $3.69.

Pier 1 Imports (NYSE:PIR) last released its quarterly earnings data on Wednesday, December 19th. The specialty retailer reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.48). The company had revenue of $413.00 million for the quarter, compared to analyst estimates of $455.20 million. Pier 1 Imports had a negative net margin of 6.96% and a negative return on equity of 50.51%. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. On average, sell-side analysts predict that Pier 1 Imports will post -1.84 EPS for the current year.

About Pier 1 Imports

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.

Read More: Book Value Of Equity Per Share – BVPS Explained

Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

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