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Pier 1 Imports (PIR) Upgraded by Zacks Investment Research to “Hold” |

Pier 1 Imports (PIR) Upgraded by Zacks Investment Research to “Hold”

Pier 1 Imports (NYSE:PIR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, November 29th.


According to Zacks, “Pier 1 Imports, Inc. consists of a chain of retail stores operating under the names Pier 1 Imports and The Pier, selling a wide variety of furniture, decorative home furnishings, dining and kitchen goods, accessories and other specialty items for the home. Additionally, the company, through certain subsidiaries, operates stores in the United Kingdom under the name The Pier. The company supplies merchandise and licenses the Pier 1 name to Sears Mexico and Sears Puerto Rico. “

Other research analysts have also recently issued reports about the stock. Loop Capital cut their price target on shares of Pier 1 Imports from $10.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. ValuEngine upgraded shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. UBS reiterated a “sell” rating and issued a $3.50 price target (down from $4.00) on shares of Pier 1 Imports in a research report on Saturday, September 30th. BidaskClub lowered shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, Jefferies Group restated a “hold” rating and set a $5.90 target price on shares of Pier 1 Imports in a research report on Sunday, September 3rd. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $5.01.

Shares of Pier 1 Imports (NYSE PIR) opened at $5.24 on Wednesday. The company has a market cap of $439.06, a P/E ratio of 11.15, a PEG ratio of -12.33 and a beta of 1.85. The company has a current ratio of 2.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.75. Pier 1 Imports has a 12-month low of $3.96 and a 12-month high of $9.67.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC bought a new stake in shares of Pier 1 Imports in the 2nd quarter worth approximately $103,000. Oppenheimer Co. Inc. raised its holdings in shares of Pier 1 Imports by 149.2% in the 3rd 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 in the last quarter. Paradigm Capital Management Inc. NY bought a new stake in shares of Pier 1 Imports in the 3rd quarter worth approximately $172,000. Eagle Global Advisors LLC bought a new stake in shares of Pier 1 Imports in the 2nd quarter worth approximately $175,000. Finally, SG Americas Securities LLC purchased a new position in shares of Pier 1 Imports in the second quarter worth approximately $178,000. Institutional investors and hedge funds own 78.11% of the company’s stock.

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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