Recent Analysts’ Ratings Changes for Pier 1 Imports (PIR)

Pier 1 Imports (NYSE: PIR) recently received a number of ratings updates from brokerages and research firms:

  • 9/25/2018 – Pier 1 Imports had its price target lowered by analysts at Credit Suisse Group AG from $2.00 to $1.00. They now have an “underperform” rating on the stock.
  • 9/21/2018 – Pier 1 Imports had its price target lowered by analysts at UBS Group AG from $2.00 to $1.00. They now have a “sell” rating on the stock.
  • 9/21/2018 – Pier 1 Imports had its price target lowered by analysts at Citigroup Inc from $3.10 to $1.80. They now have a “neutral” rating on the stock.
  • 9/21/2018 – Pier 1 Imports had its price target lowered by analysts at Telsey Advisory Group from $3.00 to $1.50. They now have a “market perform” rating on the stock.
  • 9/20/2018 – Pier 1 Imports had its price target lowered by analysts at Loop Capital from $2.00 to $1.50. They now have a “hold” rating on the stock.

Shares of Pier 1 Imports stock traded down $0.03 on Thursday, hitting $1.47. 11,511 shares of the company traded hands, compared to its average volume of 1,563,513. The stock has a market cap of $125.94 million, a P/E ratio of 7.00 and a beta of 1.47. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.11 and a quick ratio of 0.86. Pier 1 Imports Inc has a 52 week low of $1.36 and a 52 week high of $5.92.

Pier 1 Imports (NYSE:PIR) last released its quarterly earnings data on Wednesday, June 27th. The specialty retailer reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.03. The firm had revenue of $371.90 million for the quarter, compared to analysts’ expectations of $375.45 million. Pier 1 Imports had a negative net margin of 0.79% and a negative return on equity of 3.26%. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) earnings per share. equities analysts expect that Pier 1 Imports Inc will post -0.51 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Towle & Co. increased its position in Pier 1 Imports by 24.4% in the second quarter. Towle & Co. now owns 10,901,645 shares of the specialty retailer’s stock worth $25,946,000 after purchasing an additional 2,136,230 shares during the last quarter. BlackRock Inc. increased its position in Pier 1 Imports by 4.6% in the second quarter. BlackRock Inc. now owns 5,704,183 shares of the specialty retailer’s stock worth $13,576,000 after purchasing an additional 252,807 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Pier 1 Imports by 2,815.4% in the second quarter. Canada Pension Plan Investment Board now owns 3,516,000 shares of the specialty retailer’s stock worth $8,368,000 after purchasing an additional 3,395,400 shares during the last quarter. Contrarius Investment Management Ltd increased its position in Pier 1 Imports by 39.7% in the second quarter. Contrarius Investment Management Ltd now owns 2,886,045 shares of the specialty retailer’s stock worth $6,869,000 after purchasing an additional 820,004 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Pier 1 Imports by 38.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,709,973 shares of the specialty retailer’s stock worth $6,450,000 after purchasing an additional 749,675 shares during the last quarter. Institutional investors own 74.28% of the company’s stock.

Pier 1 Imports, Inc engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios.

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