Pier 1 Imports (NYSE:PIR) has been given a consensus recommendation of “Hold” by the seventeen analysts that are currently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $4.04.
A number of brokerages have recently issued reports on PIR. Telsey Advisory Group cut their price target on shares of Pier 1 Imports from $4.00 to $3.50 and set a “market perform” rating for the company in a report on Friday, April 20th. ValuEngine downgraded shares of Pier 1 Imports from a “buy” rating to a “hold” rating in a report on Tuesday. Wedbush reiterated a “neutral” rating on shares of Pier 1 Imports in a report on Monday, April 16th. Vetr downgraded shares of Pier 1 Imports from a “strong-buy” rating to a “buy” rating and set a $3.79 price target for the company. in a report on Thursday, April 5th. Finally, Zacks Investment Research upgraded shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th.
Shares of PIR traded up $0.08 during trading hours on Thursday, reaching $2.32. The company had a trading volume of 1,662,906 shares, compared to its average volume of 1,847,539. The company has a quick ratio of 0.87, a current ratio of 2.34 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $200.87, a PE ratio of 11.05 and a beta of 1.47. Pier 1 Imports has a 12-month low of $2.15 and a 12-month high of $7.07.
In other Pier 1 Imports news, major shareholder & Co Towle bought 32,900 shares of the company’s stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $3.09 per share, for a total transaction of $101,661.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have acquired a total of 45,705 shares of company stock valued at $142,468 over the last 90 days. 5.58% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas purchased a new stake in shares of Pier 1 Imports during the fourth quarter worth about $109,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Pier 1 Imports during the fourth quarter worth about $133,000. Virtu Financial LLC grew its holdings in shares of Pier 1 Imports by 174.6% during the fourth quarter. Virtu Financial LLC now owns 61,834 shares of the specialty retailer’s stock worth $256,000 after buying an additional 39,315 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Pier 1 Imports during the fourth quarter worth about $281,000. Finally, Advisor Group Inc. grew its holdings in shares of Pier 1 Imports by 2,890.0% during the fourth quarter. Advisor Group Inc. now owns 79,924 shares of the specialty retailer’s stock worth $331,000 after buying an additional 77,251 shares in the last quarter. Institutional investors and hedge funds own 77.79% of the company’s stock.
About Pier 1 Imports
Pier 1 Imports, Inc engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios.
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