Pier 1 Imports Inc. (NYSE:PIR) – Equities research analysts at Oppenheimer Holdings raised their Q3 2017 EPS estimates for Pier 1 Imports in a research note issued on Thursday. Oppenheimer Holdings analyst B. Nagel now anticipates that the firm will post earnings of $0.10 per share for the quarter, up from their previous forecast of $0.08. Oppenheimer Holdings has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Pier 1 Imports’ FY2017 earnings at $0.24 EPS.
Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings results on Wednesday, September 28th. The company reported ($0.05) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). The company earned $405.80 million during the quarter. Pier 1 Imports had a return on equity of 7.20% and a net margin of 1.06%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 earnings per share.
Other analysts have also recently issued research reports about the company. Deutsche Bank AG assumed coverage on Pier 1 Imports in a research report on Sunday, June 26th. They set a “sell” rating and a $5.50 price objective for the company. Nomura reissued a “buy” rating and set a $8.50 price objective on shares of Pier 1 Imports in a research report on Thursday, September 29th. Credit Suisse Group AG reissued a “sell” rating and set a $4.00 price objective on shares of Pier 1 Imports in a research report on Thursday, September 29th. Citigroup Inc. cut Pier 1 Imports from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, September 8th. Finally, Wolfe Research raised Pier 1 Imports from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, June 22nd. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.30.
Shares of Pier 1 Imports (NYSE:PIR) opened at 4.39 on Monday. Pier 1 Imports has a 52 week low of $3.73 and a 52 week high of $8.23. The firm has a market capitalization of $353.11 million, a price-to-earnings ratio of 18.45 and a beta of 1.82. The firm’s 50-day moving average price is $4.37 and its 200 day moving average price is $5.43.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, October 17th. This represents a $0.28 annualized dividend and a yield of 6.38%. Pier 1 Imports’s dividend payout ratio is 116.67%.
Institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new stake in Pier 1 Imports during the second quarter worth $117,000. Bayesian Capital Management LP bought a new stake in Pier 1 Imports during the first quarter worth $118,000. Dynamic Technology Lab Private Ltd bought a new stake in Pier 1 Imports during the second quarter worth $136,000. Stevens Capital Management LP bought a new stake in Pier 1 Imports during the second quarter worth $136,000. Finally, Princeton Alpha Management LP bought a new stake in Pier 1 Imports during the second quarter worth $143,000. Hedge funds and other institutional investors own 98.63% of the company’s stock.
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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