Pier 1 Imports (PIR) PT Set at $4.00 by Loop Capital

Pier 1 Imports (NYSE:PIR) has been assigned a $4.00 price objective by investment analysts at Loop Capital in a report issued on Thursday. The brokerage presently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s target price suggests a potential downside of 31.51% from the company’s current price.

Several other analysts have also commented on the company. ValuEngine raised Pier 1 Imports from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research raised Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. UBS reaffirmed a “sell” rating and issued a $3.50 price target (down previously from $4.00) on shares of Pier 1 Imports in a research note on Saturday, September 30th. Credit Suisse Group reaffirmed a “sell” rating and issued a $4.00 price target on shares of Pier 1 Imports in a research note on Friday, September 29th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $4.20 price target (down previously from $4.60) on shares of Pier 1 Imports in a research note on Thursday, September 28th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Pier 1 Imports has an average rating of “Hold” and an average target price of $5.01.

Shares of Pier 1 Imports (NYSE:PIR) opened at $5.84 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.23 and a quick ratio of 0.43. The company has a market capitalization of $457.49, a price-to-earnings ratio of 11.62, a P/E/G ratio of -12.85 and a beta of 1.85. Pier 1 Imports has a one year low of $3.96 and a one year high of $9.67.

Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings results on Wednesday, December 13th. The specialty retailer reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). The company had revenue of $469.20 million during the quarter, compared to analyst estimates of $466.60 million. Pier 1 Imports had a net margin of 1.61% and a return on equity of 13.82%. Pier 1 Imports’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. equities analysts forecast that Pier 1 Imports will post 0.43 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Pier 1 Imports by 13.1% in the second quarter. Vanguard Group Inc. now owns 8,264,810 shares of the specialty retailer’s stock worth $42,894,000 after purchasing an additional 959,886 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Pier 1 Imports by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 7,149,503 shares of the specialty retailer’s stock worth $37,105,000 after purchasing an additional 169,640 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Pier 1 Imports by 4.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,039,867 shares of the specialty retailer’s stock worth $10,588,000 after purchasing an additional 89,989 shares in the last quarter. State Street Corp boosted its stake in Pier 1 Imports by 4.9% in the second quarter. State Street Corp now owns 1,748,341 shares of the specialty retailer’s stock worth $9,074,000 after purchasing an additional 81,907 shares in the last quarter. Finally, Towle & Co. acquired a new position in Pier 1 Imports in the third quarter worth $6,481,000. 78.11% of the stock is currently owned by institutional investors.

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About Pier 1 Imports

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.

Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

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