Pier 1 Imports, Inc. (NYSE:PIR) Stock Rating Lowered by BidaskClub

Xavier Trudeau
Août 13, 2017

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Several institutional investors have recently added to or reduced their stakes in the stock. Pier 1 Imports had 43 analyst reports since August 25, 2015 according to SRatingsIntel.

Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Wednesday, June 28th.

NJ State Employees Deferred Compensation Plan held its stake in shares of Pier 1 Imports, Inc. Vanguard Group Inc. now owns 7,304,924 shares of the specialty retailer's stock worth $52,303,000 after buying an additional 1,179,575 shares in the last quarter. Sei Investments Co. boosted its position in shares of Pier 1 Imports by 3.9% in the first quarter. JPMorgan Chase & Co. now owns 5,132,128 shares of the specialty retailer's stock worth $36,745,000 after buying an additional 1,254,498 shares in the last quarter. Finally, Teza Capital Management LLC purchased a new position in shares of Pier 1 Imports during the first quarter worth $167,000. Renaissance Technologies LLC owned 1.43% of Pier 1 Imports worth $8,245,000 at the end of the most recent reporting period. Alambic Investment Management L.P. purchased a new stake in shares of Pier 1 Imports during the first quarter valued at approximately $104,000. Pier 1 Imports, Inc. has a one year low of $3.73 and a one year high of $9.68. (NYSE:PIR) had its price target cut by Loop Capital from $10.00 to $8.00 in a research note published on Wednesday. Bank of Montreal Can now owns 173,048 shares of the specialty retailer's stock valued at $1,239,000 after buying an additional 170,821 shares in the last quarter.

03/07/2017 - Pier 1 Imports, Inc. had its "neutral" rating reiterated by analysts at Wedbush. The company has a market capitalization of $355.94 million, a price-to-earnings ratio of 10.95 and a beta of 1.70.

The stock's 50 day moving average is 4.78 and its 200 day moving average is 6.11.

Shares of Pier 1 Imports, Inc. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.05) by $0.01. Pier 1 Imports had a return on equity of 13.96% and a net margin of 1.82%. The company had revenue of $409.50 million during the quarter, compared to analyst estimates of $420.80 million. During the same period in the previous year, the company posted ($0.07) earnings per share. Pier 1 Imports Inc (NYSE:PIR) has declined 2.95% since August 10, 2016 and is downtrending. Landscape Mgmt Limited Liability has invested 0.07% of its portfolio in Pier 1 Imports Inc (NYSE:PIR).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Shareholders of record on Wednesday, July 19th will be paid a dividend of 0.07 per share by the specialty retailer on Wednesday, August 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date was Monday, July 17th. Pier 1 Imports's dividend payout ratio (DPR) is presently 68.29%.

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A number of analysts recently issued reports on PIR shares. Telsey Advisory Group dropped their price target on Pier 1 Imports from $6.00 to $5.00 and set a "market perform" rating for the company in a research report on Thursday, June 29th. It improved, as 28 investors sold Pier 1 Imports Inc shares while 53 reduced holdings. Finally, CIBC reaffirmed a "hold" rating on shares of Pier 1 Imports in a report on Monday, April 17th. Gordon Haskett raised Pier 1 Imports from a "reduce" rating to a "hold" rating and set a $6.00 target price on the stock in a research report on Tuesday, June 27th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $5.66.

Gluskin Sheff & Assoc Inc increased Mastercard Inc (MA) stake by 2.85% reported in 2016Q4 SEC filing. 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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