04 July, 2017
Sei Investments Co. boosted its stake in Pier 1 Imports, Inc. (NYSE:PIR) in a report released on Friday. Jefferies Group analyst D. Binder now expects that the specialty retailer will post earnings per share of ($0.06) for the quarter, down from their previous estimate of ($0.04).
WARNING: "Pier 1 Imports, Inc". Additionally, the company, through certain subsidiaries, operates stores in the United Kingdom under the name The Pier. Pier 1 Imports presently has an average rating of Hold and a consensus target price of $5.97. Pier 1 Imports, Inc. Its last month's stock price volatility remained 6.27% which for the week stands at 4.77%. CIBC restated a hold rating on shares of Pier 1 Imports in a report on Monday, April 17th. The stock now has a consensus rating of "Hold" and a consensus target price of $5.97.
Shares of Pier 1 Imports, Inc. Zacks Investment Research cut Pier 1 Imports from a strong-buy rating to a hold rating in a report on Friday, March 17th. Wall Street is only getting more bearish on the stock, with 1 of analysts who cover PIR having a buy-equivalent rating. Its book value per share for the most recent quarter is $3.61 while its price to book ratio for the same period is 1.44, as for as the company's cash per share for the most recent quarter is $1.89, however its price to cash per share ratio for the same period is 2.75. (NYSE:PIR) shares gained 5.27% to $5.19 on Friday. Pier 1 Imports has a 12 month low of $3.73 and a 12 month high of $9.68.
Additionally on 5/09/17 Gordon Haskett "Initiates Coverage On" Pier 1 Imports (NYSE:PIR) to Reduce setting price target at $6 and on 4/28/17 Citigroup "Initiates Coverage On" the stock to Neutral at $7. The company's current price-earnings ratio amounts to 12.69 times earnings, below the average P/E ratio of 26.48 times earnings. Principal Fincl Group holds 0% in Pier 1 Imports Inc (NYSE:PIR) or 16,503 shares. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, topping 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 business had revenue of $409.50 million during the quarter, compared to analysts' expectations of $420.80 million. During the same period in the prior year, the business earned ($0.07) EPS. Pier 1 Imports's revenue was down 2.1% on a year-over-year basis. Equities analysts predict that Pier 1 Imports, Inc. will post $0.47 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 2nd. Subordinate Voting Shares (NYSE:GOOS) has 0.00% since July 3, 2016 and is. The stock rose 1.35% or $0.07 reaching $5.26. The ex-dividend date is Monday, July 17th.
Currently Pier 1 Imports (NYSE:PIR)'s shares owned by insiders are 4.3%, whereas shares owned by institutional owners are 95.2%.
News headlines about Pier 1 Imports (NYSE:PIR) have trended somewhat positive on Monday, according to Accern. Jane Street Group LLC raised its stake in Pier 1 Imports by 29.0% in the first quarter. Dynamic Technology Lab Private Ltd now owns 64,496 shares of the specialty retailer's stock worth $462,000 after buying an additional 644 shares during the period. Nationwide Fund Advisors increased its position in shares of Pier 1 Imports by 321.8% in the first quarter. Tudor Investment Corp ET AL increased its stake in Pier 1 Imports by 124.8% in the first quarter. A total of 4.33 million shares exchanged at hands and its average trading volume is standing at 2.7 million shares. Finally, Metropolitan Life Insurance Co. Finally, Koch Industries Inc. acquired a new position in Pier 1 Imports during the first quarter worth about $171,000. Metropolitan Life Insurance Co.
Pier 1 Imports Company Profile Pier 1 Imports, Inc is an importer of home decor and furniture.