Pier 1 Imports, Inc. (PIR) Position Raised by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its position in shares of Pier 1 Imports, Inc. (NYSE:PIR) by 6.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,356,397 shares of the specialty retailer’s stock after buying an additional 86,597 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 1.60% of Pier 1 Imports worth $7,040,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Spark Investment Management LLC bought a new stake in Pier 1 Imports during the 2nd quarter valued at $688,000. Eagle Global Advisors LLC bought a new stake in Pier 1 Imports during the 2nd quarter valued at $175,000. Janney Montgomery Scott LLC raised its holdings in Pier 1 Imports by 264.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 90,046 shares of the specialty retailer’s stock valued at $467,000 after buying an additional 65,371 shares during the last quarter. NGAM Advisors L.P. raised its holdings in Pier 1 Imports by 3.5% during the 2nd quarter. NGAM Advisors L.P. now owns 41,971 shares of the specialty retailer’s stock valued at $218,000 after buying an additional 1,404 shares during the last quarter. Finally, Strs Ohio raised its holdings in Pier 1 Imports by 6.0% during the 2nd quarter. Strs Ohio now owns 110,500 shares of the specialty retailer’s stock valued at $573,000 after buying an additional 6,300 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

PIR has been the subject of a number of recent analyst reports. KeyCorp reiterated a “hold” rating on shares of Pier 1 Imports in a report on Friday, September 8th. Jefferies Group LLC lowered their price target on shares of Pier 1 Imports from $7.25 to $5.90 and set a “hold” rating for the company in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. BidaskClub upgraded shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Morgan Stanley lowered their price target on shares of Pier 1 Imports from $5.50 to $5.00 and set an “underweight” rating for the company in a report on Friday, June 30th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.01.

TRADEMARK VIOLATION NOTICE: “Pier 1 Imports, Inc. (PIR) Position Raised by Schwab Charles Investment Management Inc.” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://ledgergazette.com/2017/10/09/pier-1-imports-inc-pir-position-raised-by-schwab-charles-investment-management-inc.html.

Pier 1 Imports, Inc. (PIR) opened at 4.13 on Monday. Pier 1 Imports, Inc. has a 12 month low of $3.96 and a 12 month high of $9.68. The firm’s 50-day moving average is $4.32 and its 200-day moving average is $5.32. The stock has a market capitalization of $334.86 million, a P/E ratio of 10.30 and a beta of 1.69.

Pier 1 Imports (NYSE:PIR) last released its earnings results on Wednesday, September 27th. The specialty retailer reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. Pier 1 Imports had a return on equity of 13.82% and a net margin of 1.61%. The business had revenue of $407.61 million during the quarter, compared to the consensus estimate of $406.32 million. During the same period last year, the company earned ($0.05) earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts expect that Pier 1 Imports, Inc. will post $0.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 18th will be given a dividend of $0.07 per share. The

A number of other large investors have also recently bought and sold shares of the stock. Spark Investment Management LLC bought a new stake in Pier 1 Imports during the 2nd quarter valued at $688,000. Eagle Global Advisors LLC bought a new stake in Pier 1 Imports during the 2nd quarter valued at $175,000. Janney Montgomery Scott LLC raised its holdings in Pier 1 Imports by 264.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 90,046 shares of the specialty retailer’s stock valued at $467,000 after buying an additional 65,371 shares during the last quarter. NGAM Advisors L.P. raised its holdings in Pier 1 Imports by 3.5% during the 2nd quarter. NGAM Advisors L.P. now owns 41,971 shares of the specialty retailer’s stock valued at $218,000 after buying an additional 1,404 shares during the last quarter. Finally, Strs Ohio raised its holdings in Pier 1 Imports by 6.0% during the 2nd quarter. Strs Ohio now owns 110,500 shares of the specialty retailer’s stock valued at $573,000 after buying an additional 6,300 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

PIR has been the subject of a number of recent analyst reports. KeyCorp reiterated a “hold” rating on shares of Pier 1 Imports in a report on Friday, September 8th. Jefferies Group LLC lowered their price target on shares of Pier 1 Imports from $7.25 to $5.90 and set a “hold” rating for the company in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. BidaskClub upgraded shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Morgan Stanley lowered their price target on shares of Pier 1 Imports from $5.50 to $5.00 and set an “underweight” rating for the company in a report on Friday, June 30th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.01.

TRADEMARK VIOLATION NOTICE: “Pier 1 Imports, Inc. (PIR) Position Raised by Schwab Charles Investment Management Inc.” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://ledgergazette.com/2017/10/09/pier-1-imports-inc-pir-position-raised-by-schwab-charles-investment-management-inc.html.

Pier 1 Imports, Inc. (PIR) opened at 4.13 on Monday. Pier 1 Imports, Inc. has a 12 month low of $3.96 and a 12 month high of $9.68. The firm’s 50-day moving average is $4.32 and its 200-day moving average is $5.32. The stock has a market capitalization of $334.86 million, a P/E ratio of 10.30 and a beta of 1.69.

Pier 1 Imports (NYSE:PIR) last released its earnings results on Wednesday, September 27th. The specialty retailer reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. Pier 1 Imports had a return on equity of 13.82% and a net margin of 1.61%. The business had revenue of $407.61 million during the quarter, compared to the consensus estimate of $406.32 million. During the same period last year, the company earned ($0.05) earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts expect that Pier 1 Imports, Inc. will post $0.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 18th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 17th. This represents a $0.28 annualized dividend and a dividend yield of 6.78%. Pier 1 Imports’s dividend payout ratio (DPR) is 77.78%.

Pier 1 Imports 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.

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

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