Pier 1 Imports, Inc. (NYSE:PIR) – Stock analysts at Jefferies Group cut their Q2 2018 EPS estimates for shares of Pier 1 Imports in a research note issued to investors on Thursday. Jefferies Group analyst D. Binder now anticipates that the specialty retailer will earn ($0.06) per share for the quarter, down from their prior estimate of ($0.04). Jefferies Group currently has a “Hold” rating and a $5.90 target price on the stock. Jefferies Group also issued estimates for Pier 1 Imports’ Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $0.49 EPS.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Pier 1 Imports from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley reissued an “underweight” rating and set a $5.00 target price (down from $5.50) on shares of Pier 1 Imports in a report on Friday. Deutsche Bank AG reissued a “sell” rating and set a $4.00 target price (down from $5.00) on shares of Pier 1 Imports in a report on Friday. Loop Capital reissued a “buy” rating and set a $10.00 target price (down from $12.00) on shares of Pier 1 Imports in a report on Thursday, June 29th. Finally, Johnson Rice lowered shares of Pier 1 Imports from an “accumulate” rating to a “hold” rating in a report on Thursday, June 29th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $5.97.
Shares of Pier 1 Imports (PIR) traded up 1.93% during trading on Monday, reaching $5.29. 2,130,658 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $5.38 and its 200-day moving average price is $6.85. The stock has a market cap of $428.91 million, a PE ratio of 13.19 and a beta of 1.72. Pier 1 Imports has a 52-week low of $3.73 and a 52-week high of $9.68.
Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings data on Wednesday, June 28th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Pier 1 Imports had a net margin of 1.82% and a return on equity of 13.96%. The firm had revenue of $409.50 million for the quarter, compared to analysts’ expectations of $420.80 million. During the same period last year, the firm earned ($0.07) earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis.
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Pier 1 Imports by 19.3% in the first quarter. Vanguard Group Inc. now owns 7,304,924 shares of the specialty retailer’s stock worth $52,303,000 after buying an additional 1,179,575 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Pier 1 Imports by 34.5% in the first quarter. Dimensional Fund Advisors LP now owns 6,979,863 shares of the specialty retailer’s stock worth $49,976,000 after buying an additional 1,789,745 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Pier 1 Imports by 32.4% in the first quarter. JPMorgan Chase & Co. now owns 5,132,128 shares of the specialty retailer’s stock worth $36,745,000 after buying an additional 1,254,498 shares in the last quarter. Acadian Asset Management LLC raised its stake in Pier 1 Imports by 199.2% in the first quarter. Acadian Asset Management LLC now owns 3,232,944 shares of the specialty retailer’s stock worth $23,149,000 after buying an additional 2,152,335 shares in the last quarter. Finally, Norges Bank purchased a new stake in Pier 1 Imports during the fourth quarter worth approximately $19,158,000. 87.13% of the stock is currently owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date is Monday, July 17th. Pier 1 Imports’s dividend payout ratio is currently 68.29%.
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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