The stock, after opening at $4.02, closed at $3.49 by scoring -27.29%. The company saw 0.27 million shares trade hands over the course of the day. (PIR) has a mean recommendation of 3.16, according to data compiled by Zacks Investment Research. Finally, Johnson Rice raised shares of Pier 1 Imports from a "hold" rating to an "accumulate" rating in a research note on Thursday, December 15th.
Analysts on average have given a price target of $6.86 to Pier 1 Imports, Inc. Loop Capital initiated coverage on Pier 1 Imports in a research report on Wednesday, January 4th. Median price target has been estimated at $7.25. Wedbush reiterated a "neutral" rating and set a $8.00 target price on shares of Pier 1 Imports in a research report on Tuesday, March 7th. The recommendation scale measures the value from 1 to 5, where 1 means "Strong Buy" and 5 stands for "Sell".
COPYRIGHT VIOLATION WARNING: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another domain, it was stolen and republished in violation of global copyright law. During the same period previous year, the company posted $0.23 earnings per share.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, PIR earned gross profit of 768.48 Million, in 2015 704.98 Million gross profit, while in 2016 Pier 1 Imports, Inc. (PIR) has a trading volume of 6.54 Million shares, with an average trading volume of 6940 shares - with shares dropping to a 52 week low of $3.64, and the company's shares hitting a 52 week high of $ 9.60. The stock as of last trading session moved 81.05% up from its 52 week low and was -31.36% behind its 52 week high. The stock's price moved up its 200-day moving average of $6.57. The stock has a market capitalization of $531.68 million, a PE ratio of 24.59 and a beta of 1.74. (PIR) belongs to the "Services" sector with an industry focus on "Specialty Retail, Other", with Mr. Terry E. London as Non-Exec. The Return on Equity ratio of Pier 1 Imports, Inc. Take a look at back three month ago, consensus EPS estimate opinions was decided at $0.52 by analysts.
In the liquidity ratio analysis; quick ratio for most recent quarter was 0.70 while current ratio for time period was 2.10.
A number of large investors have recently bought and sold shares of PIR. Teachers Advisors LLC increased its position in shares of Pier 1 Imports by 2.2% in the fourth quarter. Boothbay Fund Management LLC increased its position in shares of Pier 1 Imports by 48.4% in the fourth quarter. State Street Corp boosted its position in shares of Pier 1 Imports by 3.5% in the fourth quarter. The fund owned 5,190,118 shares of the specialty retailer's stock after buying an additional 840,056 shares during the period.
Pier 1 Imports, Inc.'s growth estimate for the current quarter is 42.9 percent, and 40 percent for the next quarter. Finally, Princeton Alpha Management LP increased its position in shares of Pier 1 Imports by 67.2% in the third quarter. Acrospire Investment Management LLC now owns 49,469 shares of the specialty retailer's stock valued at $210,000 after buying an additional 9,929 shares in the last quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 10th. Investors of record on Wednesday, April 26th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.07%. The ex-dividend date is Monday, April 24th. Pier 1 Imports's dividend payout ratio is now 100.00%.
Now the P/E of Pier 1 Imports, Inc. stands at 18.36.