California Public Employees Retirement System Raises Stake in Pier 1 Imports Inc (NYSE:PIR)

California Public Employees Retirement System grew its position in Pier 1 Imports Inc (NYSE:PIR) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 568,039 shares of the specialty retailer’s stock after purchasing an additional 24,839 shares during the period. California Public Employees Retirement System owned about 0.67% of Pier 1 Imports worth $174,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rhumbline Advisers grew its holdings in Pier 1 Imports by 36.1% in the 4th quarter. Rhumbline Advisers now owns 119,399 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 31,666 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Pier 1 Imports by 1,033.7% in the 4th quarter. SG Americas Securities LLC now owns 130,136 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 118,657 shares during the period. Teton Advisors Inc. lifted its position in shares of Pier 1 Imports by 1,566.7% in the 4th quarter. Teton Advisors Inc. now owns 200,000 shares of the specialty retailer’s stock worth $61,000 after acquiring an additional 188,000 shares during the period. Vanguard Group Inc. lifted its position in shares of Pier 1 Imports by 8.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,858,116 shares of the specialty retailer’s stock worth $5,787,000 after acquiring an additional 303,225 shares during the period. Finally, Vanguard Group Inc lifted its position in shares of Pier 1 Imports by 8.5% in the 3rd quarter. Vanguard Group Inc now owns 3,858,116 shares of the specialty retailer’s stock worth $5,787,000 after acquiring an additional 303,225 shares during the period. 48.62% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on PIR shares. Gordon Haskett upgraded Pier 1 Imports from an “underperform” rating to a “hold” rating in a research report on Tuesday, January 8th. Zacks Investment Research downgraded Pier 1 Imports from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 19th. Finally, ValuEngine upgraded Pier 1 Imports from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $1.44.

PIR remained flat at $$0.94 during trading on Friday. The company’s stock had a trading volume of 2,843,557 shares, compared to its average volume of 4,596,755. The company has a current ratio of 1.76, a quick ratio of 0.47 and a debt-to-equity ratio of 2.74. Pier 1 Imports Inc has a 52-week low of $0.28 and a 52-week high of $3.14. The company has a market cap of $79.51 million, a P/E ratio of -0.38 and a beta of 4.19.

Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Wednesday, April 17th. The specialty retailer reported ($0.85) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.63). Pier 1 Imports had a negative net margin of 12.80% and a negative return on equity of 111.92%. The business had revenue of $412.51 million during the quarter. On average, sell-side analysts forecast that Pier 1 Imports Inc will post -1.93 EPS for the current fiscal year.

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Pier 1 Imports Profile

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

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