Pier 1 Imports Inc (NYSE:PIR) shares were down 4.5% during trading on Monday . The company traded as low as $0.67 and last traded at $0.70. Approximately 3,230,835 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 7,625,225 shares. The stock had previously closed at $0.74.
PIR has been the topic of several recent research reports. Gordon Haskett upgraded Pier 1 Imports from an “underperform” rating to a “hold” rating in a research report on Tuesday, January 8th. Loop Capital reduced their price target on Pier 1 Imports to $1.00 and set a “hold” rating on the stock in a research report on Thursday, December 20th. Zacks Investment Research lowered Pier 1 Imports from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. ValuEngine lowered Pier 1 Imports from a “buy” rating to a “hold” rating in a research report on Friday, December 21st. Finally, Argus lowered Pier 1 Imports from a “hold” rating to a “sell” rating in a research report on Monday, November 12th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $1.79.
The company has a market capitalization of $59.92 million, a P/E ratio of 3.35 and a beta of 2.18. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 1.25.
Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Wednesday, December 19th. The specialty retailer reported ($0.62) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.48). The business had revenue of $413.00 million for the quarter, compared to analyst estimates of $455.20 million. Pier 1 Imports had a negative return on equity of 50.51% and a negative net margin of 6.96%. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. Equities research analysts predict that Pier 1 Imports Inc will post -1.84 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc raised its stake in Pier 1 Imports by 8.5% during the 3rd quarter. Vanguard Group Inc now owns 3,858,116 shares of the specialty retailer’s stock worth $5,787,000 after buying an additional 303,225 shares during the period. Vanguard Group Inc. raised its stake in Pier 1 Imports by 8.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,858,116 shares of the specialty retailer’s stock worth $5,787,000 after buying an additional 303,225 shares during the period. AQR Capital Management LLC raised its stake in Pier 1 Imports by 1,382.1% during the 3rd quarter. AQR Capital Management LLC now owns 782,962 shares of the specialty retailer’s stock worth $1,174,000 after buying an additional 730,133 shares during the period. Aristotle Capital Boston LLC raised its stake in Pier 1 Imports by 17.5% during the 3rd quarter. Aristotle Capital Boston LLC now owns 984,267 shares of the specialty retailer’s stock worth $1,476,000 after buying an additional 146,350 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Pier 1 Imports by 59.9% during the 3rd quarter. Renaissance Technologies LLC now owns 2,320,300 shares of the specialty retailer’s stock worth $3,480,000 after buying an additional 869,400 shares during the period. 68.07% of the stock is currently owned by institutional investors and hedge funds.
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About Pier 1 Imports (NYSE:PIR)
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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