Tudor Investment Corp ET AL lifted its stake in shares of Pier 1 Imports, Inc. (NYSE:PIR) by 5.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 92,622 shares of the specialty retailer’s stock after purchasing an additional 4,935 shares during the quarter. Tudor Investment Corp ET AL owned about 0.11% of Pier 1 Imports worth $481,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of PIR. Dimensional Fund Advisors LP grew its stake in shares of Pier 1 Imports by 34.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,979,863 shares of the specialty retailer’s stock worth $49,976,000 after purchasing an additional 1,789,745 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Pier 1 Imports during the 1st quarter worth $9,526,000. Vanguard Group Inc. grew its stake in shares of Pier 1 Imports by 19.3% during the 1st quarter. Vanguard Group Inc. now owns 7,304,924 shares of the specialty retailer’s stock worth $52,303,000 after purchasing an additional 1,179,575 shares during the period. Teachers Advisors LLC grew its stake in shares of Pier 1 Imports by 794.7% during the 1st quarter. Teachers Advisors LLC now owns 1,289,958 shares of the specialty retailer’s stock worth $9,236,000 after purchasing an additional 1,145,780 shares during the period. Finally, Menta Capital LLC acquired a new position in shares of Pier 1 Imports during the 2nd quarter worth $1,926,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of Pier 1 Imports, Inc. (NYSE PIR) opened at 4.15 on Wednesday. The firm has a market capitalization of $336.48 million, a PE ratio of 10.35 and a beta of 1.69. Pier 1 Imports, Inc. has a 52 week low of $3.96 and a 52 week high of $9.68. The company has a 50-day moving average of $4.32 and a 200-day moving average of $5.26.
Pier 1 Imports (NYSE:PIR) last released its earnings results on Wednesday, September 27th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $407.61 million for the quarter, compared to analyst estimates of $406.32 million. Pier 1 Imports had a return on equity of 13.82% and a net margin of 1.61%. Pier 1 Imports’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) earnings per share. On average, equities analysts forecast that Pier 1 Imports, Inc. will post $0.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Wednesday, October 18th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date is Tuesday, October 17th. Pier 1 Imports’s payout ratio is currently 77.78%.
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A number of equities analysts have recently weighed in on the stock. Telsey Advisory Group lowered their price target on shares of Pier 1 Imports from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, June 29th. Johnson Rice cut shares of Pier 1 Imports from an “accumulate” rating to a “hold” rating in a research note on Thursday, June 29th. Gordon Haskett raised shares of Pier 1 Imports from a “reduce” rating to a “hold” rating and set a $6.00 price target on the stock in a research note on Tuesday, June 27th. ValuEngine raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $7.25 price target on shares of Pier 1 Imports in a research note on Friday, June 23rd. Seven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $5.01.
Pier 1 Imports Company Profile
Pier 1 Imports, Inc is an importer of home decor and furniture. 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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