Published: Tue, July 11, 2017
Entertaiment | By Lawrence Myers

Pier 1 Imports, Inc. (PIR) Traders Should Start Listening to Analysts


This estimate is provided by 14 analysts. The Firm has ATR of 0.28 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of today's range. On average, equities research analysts predict that Pier 1 Imports, Inc. will post $0.47 earnings per share for the current year. The firm is scheduled to issue its next earnings results on Wednesday, September 27th. For the next fiscal year, analysts expect that the company will post earnings of $0.50 per share, with EPS estimates ranging from $0.42 to $0.67.

Pier 1 Imports, Inc is an importer of home decor and furniture.

Shares of Pier 1 Imports (NYSE:PIR) traded up 0.22% on Friday, reaching $4.65. Previously Pier 1 Imports (NYSE:PIR) reported $-0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.05 by $0.01 with surprise factor of 20%.

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12 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 528.22 million while high and low sale targets are estimated at 528.5 million and 528 million respectively. Combining all the ratings on Pier 1 Imports, Inc. However the company reported $-0.05 earnings per share for the same quarter during previous year. In contrast to the year ago quarter EPS was at 0.

A number of other brokerages have also commented on PIR. CIBC reaffirmed a "hold" rating on shares of Pier 1 Imports in a report on Monday, April 17th. Morgan Stanley reduced their price target on shares of Pier 1 Imports from $5.50 to $5.00 and set an underweight rating on the stock in a research report on Friday, June 30th. On Thursday, December 15 the stock rating was maintained by Telsey Advisory Group with "Market Perform". Jefferies Group LLC reiterated a "hold" rating on shares of Pier 1 Imports in a research note on Thursday, March 16th.

Over the last 5 years, Pier 1 Imports, Inc. has averaged a -24.10% YoY EPS growth rate and a 3.60% revenue growth rate.

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Pier 1 Imports (NYSE:PIR)'s trailing twelve month revenues are $1.82 Billion, whereas its price to sales ratio for the same period is 0.22. They set a "neutral" rating and a $7.00 price objective on the stock. The company had a trading volume of 3,156,546 shares. The corporation has a valuation of $376.21 M, a price to earnings ratio of 11.57 along with a stock beta of 1.72. Looking at the stock's movement on the chart, Pier 1 Imports, Inc. recorded a 52-week high of $9.68.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 2nd. The stock's Dividend Yield stands at 6.03%. The ex-dividend date of this dividend is Monday, July 17th. Credit Suisse Group fixed a $4.00 target price on the stock of Pier 1 Imports and issued the shares a sell recommendation in a study note on early Friday. It fall, as 3 investors sold Peoples Financial Corp shares while 1 reduced holdings. Airain ltd purchased a new stake in shares of Pier 1 Imports during the first quarter worth approximately $159,000. Jane Street Group LLC increased its stake in shares of Pier 1 Imports by 29.0% in the first quarter. Teza Capital Management LLC acquired a new stake in shares of Pier 1 Imports during the first quarter worth $167,000. Dimensional Fund Advisors LP now owns 6,979,863 shares of the specialty retailer's stock valued at $49,976,000 after buying an additional 1,789,745 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of Pier 1 Imports during the first quarter worth approximately $104,000. Finally, Zacks Investment Research downgraded shares of Pier 1 Imports from a "buy" rating to a "hold" rating in a report on Saturday, July 1st. NY now owns 53,468 shares of the specialty retailer's stock worth $383,000 after buying an additional 2,561 shares during the period.

Several large investors have recently bought and sold shares of the company. "(NYSE:PIR) This Quarter" was originally reported by Markets Daily and is the property of of Markets Daily. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & worldwide copyright legislation. Gordon Haskett started coverage on Pier 1 Imports in a report on Tuesday, May 9th. 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.

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