Pier 1 Imports (PIR) Upgraded at ValuEngine

Pier 1 Imports (NYSE:PIR) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Other analysts have also recently issued research reports about the company. Loop Capital cut Pier 1 Imports from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $8.00 to $4.00 in a research report on Thursday, September 28th. KeyCorp reissued a “hold” rating on shares of Pier 1 Imports in a research report on Friday, September 8th. Jefferies Group reissued a “hold” rating and issued a $5.90 price objective on shares of Pier 1 Imports in a research report on Sunday, September 3rd. Zacks Investment Research raised Pier 1 Imports from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Finally, UBS reissued a “sell” rating and issued a $3.50 price objective (down previously from $4.00) on shares of Pier 1 Imports in a research report on Saturday, September 30th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. Pier 1 Imports currently has a consensus rating of “Hold” and a consensus target price of $5.01.

Pier 1 Imports (NYSE:PIR) traded up $0.04 during trading on Monday, hitting $5.28. The stock had a trading volume of 1,694,615 shares, compared to its average volume of 2,183,263. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.23 and a quick ratio of 0.43. The firm has a market cap of $439.06, a PE ratio of 11.15, a price-to-earnings-growth ratio of -12.33 and a beta of 1.85. Pier 1 Imports has a 52-week low of $3.96 and a 52-week high of $9.67.

Pier 1 Imports (NYSE:PIR) last posted its quarterly earnings data on Wednesday, September 27th. The specialty retailer reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $407.61 million during the quarter, compared to analysts’ expectations of $406.32 million. Pier 1 Imports had a return on equity of 13.82% and a net margin of 1.61%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) EPS. equities research analysts forecast that Pier 1 Imports will post 0.43 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its position in Pier 1 Imports by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 64,436 shares of the specialty retailer’s stock worth $335,000 after acquiring an additional 326 shares during the period. Rhumbline Advisers lifted its position in Pier 1 Imports by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 107,812 shares of the specialty retailer’s stock worth $560,000 after acquiring an additional 491 shares during the period. NGAM Advisors L.P. lifted its position 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 worth $218,000 after acquiring an additional 1,404 shares during the period. Public Employees Retirement System of Ohio lifted its position in Pier 1 Imports by 4.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 37,431 shares of the specialty retailer’s stock worth $194,000 after acquiring an additional 1,583 shares during the period. Finally, Federated Investors Inc. PA lifted its position in Pier 1 Imports by 2.1% during the 2nd quarter. Federated Investors Inc. PA now owns 78,792 shares of the specialty retailer’s stock worth $409,000 after acquiring an additional 1,636 shares during the period. 78.11% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

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