Pier 1 Imports Inc (NYSE:PIR) has been given an average recommendation of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $1.22.
PIR has been the topic of several recent research reports. Zacks Investment Research raised shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. ValuEngine cut shares of Pier 1 Imports from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd.
Several large investors have recently bought and sold shares of PIR. Oppenheimer & Co. Inc. grew its stake in Pier 1 Imports by 38.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 77,700 shares of the specialty retailer’s stock valued at $59,000 after acquiring an additional 21,400 shares in the last quarter. Virtu Financial LLC grew its stake in Pier 1 Imports by 550.1% during the 1st quarter. Virtu Financial LLC now owns 137,610 shares of the specialty retailer’s stock valued at $105,000 after acquiring an additional 116,442 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in Pier 1 Imports by 3.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,135,714 shares of the specialty retailer’s stock valued at $653,000 after acquiring an additional 70,715 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Pier 1 Imports during the 4th quarter valued at about $136,000. Finally, BlackRock Inc. grew its stake in Pier 1 Imports by 2.7% during the 4th quarter. BlackRock Inc. now owns 5,511,193 shares of the specialty retailer’s stock valued at $1,686,000 after acquiring an additional 142,741 shares in the last quarter.
Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings data on Wednesday, June 26th. The specialty retailer reported ($19.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($13.00) by ($6.97). The firm had revenue of $314.32 million during the quarter, compared to analyst estimates of $315.40 million. Pier 1 Imports had a negative net margin of 16.85% and a negative return on equity of 217.70%. During the same period in the prior year, the firm posted ($0.36) earnings per share. As a group, analysts predict that Pier 1 Imports will post -42.58 earnings per share for the current year.
About Pier 1 Imports
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.
Read More: What are earnings reports?
Receive News & Ratings for Pier 1 Imports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports and related companies with MarketBeat.com's FREE daily email newsletter.