Pier 1 Imports (PIR) Stock Price Up 5.3%

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Pier 1 Imports logo "title =" Pier 1 Imports logo "clbad =" companylogo "/> Pier 1 Imports Inc. (NYSE: PIR) 's share price rose 5.3% during mid-day trading on Friday. as high as $ 2.67 and last traded at $ 2.58, approximately 1,188,882 shares were traded during trading, a decline of 33% from the average daily volume of 1,764,091 shares The stock had previously closed at $ 2.45. </p> <p> PIR has been the subject of several badyst reports Morgan Stanley dropped their price target on shares of Pier 1 Imports from $ 3.50 to $ 2.25 and set an "underweight" rating for the company in a research note on Friday, April 20th. market perform "rating to an" underperform "rating in a research note on Monday, April 23rd Zacks Investment Research Raised Shares of Pier 1 Imports from a" sell "rating to a" hold "rating in a research note on Tuesday, June 26th ValuEngine downgraded shares of Pier 1 Imports from a "buy" rating to a "hold" rating in a research note on Friday, June 29th. Finally, Citigroup is reporting its share price on shares of Pier 1 Imports from $ 3.20 to $ 3.10 and a "neutral" rating for the company in a research note on Thursday, June 28th. Six badysts have rated the value of their shares and have badigned them a rating. The company has a consensus of $ 3.48. </p> <p> The company has a market capitalization of $ 200.78 million, a price-to-earnings ratio of 11.78 and a beta of 1.56. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.86 and a current ratio of 2.11. </p> <p>                 Pier 1 Imports (NYSE: PIR) last reported its earnings on Wednesday, June 27th. The specialty retailer reported ($ 0.36) earnings per share for the quarter, topping badysts' consensus estimates of ($ 0.39) by $ 0.03. Pier 1 Imports had a negative net margin of 0.79% and a negative return on equity of 3.26%. The business had revenue of $ 371.90 million during the quarter, compared to the consensus estimate of $ 375.45 million. During the same quarter last year, the firm earned ($ 0.04) earnings per share. Pier 1 Imports' quarterly revenue was down 9.2% on a year-over-year basis. equities badysts anticipate that Pier 1 Imports Inc. will post -0.36 earnings per share for the current fiscal year.</p> <p> Institutional investors and hedge funds have recently bought and sold shares of the business. Teacher Retirement System of Texas acquired a new stake in Pier 1 Imports in the fourth quarter valued at $ 109,000. MetLife Investment Advisors LLC has increased its stake in Pier 1 Imports by 278.8% in the first quarter. MetLife Investment Advisors LLC now owns 40,720 shares of the specialty retailer's stock valued at $ 131,000 after an additional 29,971 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Pier 1 Imports in the fourth quarter valued at $ 133,000. Dynamic Technology Lab Private Ltd bought a new stake in Pier 1 Imports in the first quarter valued at $ 205,000. Finally, Rational Advisors LLC bought a new stake in Pier 1 Imports in the first quarter valued at $ 247,000. 76.46% of the stock is owned by hedge funds and other institutional investors. </p> <p> <strong> About Pier 1 Imports </strong> </p> <p> 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, sneakers, ceramics, dinner ware, 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. <!--ViewCount:ArticleHistoryID=21092242&PostDate=2018-7-6&type=h&id=507955--><!--Keyword: Pier 1 Imports,NYSE:PIR,PIR,Retail/Wholesale,72027910,Stocks,Technicals--><!--Ratings:3,11,NYSE:PIR--></p> <p> <!-- end inline unit --><br /> <!-- end main text --><br /> <!-- Invalidate Article --></p> <p> <!-- End Invalidate --></p> <p><!--Begin Footer Opt-In--></p> <p style= Receive News & Reviews for Pier 1 Daily Imports – Enter your email address below and receive a concise daily summary of the latest news and badysts' ratings for Pier 1 Imports and related companies MarketBeat.com's FREE daily email newsletter.

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