Shares of Pier 1 Imports Inc (NYSE:PIR) traded down 0.3% during trading on Monday . The company traded as low as $3.01 and last traded at $3.06. 1,166,675 shares changed hands during trading, a decline of 46% from the average session volume of 2,160,366 shares. The stock had previously closed at $3.05.
A number of analysts have recently commented on the stock. Loop Capital set a $4.00 target price on shares of Pier 1 Imports and gave the company a “hold” rating in a report on Thursday, December 14th. Zacks Investment Research cut shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. ValuEngine upgraded shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a report on Monday, December 11th. Gordon Haskett cut shares of Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 target price on the stock. in a report on Thursday, December 14th. Finally, Telsey Advisory Group reiterated a “market perform” rating on shares of Pier 1 Imports in a research note on Thursday, January 25th. Eight equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $4.78.
The stock has a market capitalization of $251.71, a P/E ratio of 10.28, a PEG ratio of -5.04 and a beta of 1.59. The company has a quick ratio of 0.61, a current ratio of 2.14 and a debt-to-equity ratio of 0.74.
Pier 1 Imports (NYSE:PIR) last announced its quarterly 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 firm had revenue of $469.20 million during the quarter, compared to the consensus estimate of $466.60 million. Pier 1 Imports had a return on equity of 10.17% and a net margin of 1.28%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 EPS. equities research analysts expect that Pier 1 Imports Inc will post 0.2 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 9.40%. The ex-dividend date was Tuesday, January 16th. Pier 1 Imports’s payout ratio is 96.55%.
A number of large investors have recently modified their holdings of PIR. Schwab Charles Investment Management Inc. raised its position in Pier 1 Imports by 6.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,356,397 shares of the specialty retailer’s stock worth $7,040,000 after buying an additional 86,597 shares during the last quarter. Nationwide Fund Advisors raised its position in Pier 1 Imports by 75.5% in the 2nd quarter. Nationwide Fund Advisors now owns 483,243 shares of the specialty retailer’s stock worth $2,508,000 after buying an additional 207,857 shares during the last quarter. Northern Trust Corp raised its position in Pier 1 Imports by 1.3% in the 2nd quarter. Northern Trust Corp now owns 980,665 shares of the specialty retailer’s stock worth $5,090,000 after buying an additional 12,568 shares during the last quarter. Vanguard Group Inc. raised its position in 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 buying an additional 959,886 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in 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 buying an additional 169,640 shares during the last quarter. 78.03% of the stock is owned by institutional investors and hedge funds.
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.
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