Pier 1 Imports Inc (PIR) Stake Decreased by Gabelli Funds LLC

Gabelli Funds LLC lowered its holdings in Pier 1 Imports Inc (NYSE:PIR) by 25.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,000 shares of the specialty retailer’s stock after selling 58,000 shares during the quarter. Gabelli Funds LLC’s holdings in Pier 1 Imports were worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake in shares of Pier 1 Imports by 149.2% in the third quarter. Oppenheimer & Co. Inc. now owns 31,400 shares of the specialty retailer’s stock worth $132,000 after purchasing an additional 18,800 shares during the last quarter. Aperio Group LLC raised its stake in shares of Pier 1 Imports by 72.0% in the third quarter. Aperio Group LLC now owns 34,231 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 14,334 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Pier 1 Imports by 4.4% in the second quarter. Public Employees Retirement System of Ohio now owns 37,431 shares of the specialty retailer’s stock worth $194,000 after purchasing an additional 1,583 shares during the last quarter. Paradigm Capital Management Inc. NY purchased a new position in shares of Pier 1 Imports in the third quarter worth $172,000. Finally, Voya Investment Management LLC raised its stake in shares of Pier 1 Imports by 14.6% in the second quarter. Voya Investment Management LLC now owns 41,145 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 5,238 shares during the last quarter. Hedge funds and other institutional investors own 76.70% of the company’s stock.

Shares of Pier 1 Imports Inc (PIR) opened at $3.18 on Thursday. The company has a market capitalization of $264.21, a price-to-earnings ratio of 11.36, a P/E/G ratio of -5.24 and a beta of 1.59. The company has a current ratio of 2.14, a quick ratio of 0.61 and a debt-to-equity ratio of 0.74. Pier 1 Imports Inc has a 1 year low of $2.87 and a 1 year high of $7.63.

Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings results on Wednesday, December 13th. The specialty retailer reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The company had revenue of $469.20 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 EPS. equities analysts forecast that Pier 1 Imports Inc will post 0.2 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 8.81%. The ex-dividend date of this dividend was Tuesday, January 16th. Pier 1 Imports’s payout ratio is 100.00%.

Several research analysts have recently weighed in on PIR shares. Zacks Investment Research upgraded Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Gordon Haskett cut Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 price target for the company. in a research note on Thursday, December 14th. ValuEngine upgraded Pier 1 Imports from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. Telsey Advisory Group reiterated a “market perform” rating on shares of Pier 1 Imports in a research report on Thursday, January 25th. Finally, Loop Capital set a $4.00 price objective on Pier 1 Imports and gave the company a “hold” rating in a research report on Thursday, December 14th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $4.78.

In related news, major shareholder & Co Towle purchased 32,900 shares of Pier 1 Imports stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $3.09 per share, for a total transaction of $101,661.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.45% of the company’s stock.

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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.

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

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