The stock of Pier 1 Imports Inc (NYSE:PIR) is a huge mover today! The stock decreased 5.15% or $0.23 during the last trading session, hitting $4.24. About 4.42M shares traded hands or 42.58% up from the average. Pier 1 Imports Inc (NYSE:PIR) has declined 14.17% since February 29, 2016 and is downtrending. It has underperformed by 24.59% the S&P500.
The move comes after 6 months negative chart setup for the $369.73 million company. It was reported on Oct, 1 by Barchart.com. We have $3.82 PT which if reached, will make NYSE:PIR worth $36.97M less.
Pier 1 Imports Inc (NYSE:PIR) Ratings Coverage
Out of 17 analysts covering Pier 1 Imports (NYSE:PIR), 4 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 24% are positive. Pier 1 Imports has been the topic of 28 analyst reports since August 25, 2015 according to StockzIntelligence Inc. On Thursday, June 16 the stock rating was initiated by Longbow with “Neutral”. Raymond James downgraded the shares of PIR in a report on Thursday, September 8 to “Mkt Perform” rating. The stock of Pier 1 Imports Inc (NYSE:PIR) has “Market Perform” rating given on Thursday, September 29 by Telsey Advisory Group. The rating was maintained by Deutsche Bank with “Hold” on Friday, September 25. The stock has “Outperform” rating given by Oppenheimer on Friday, September 25. Topeka Capital Markets initiated the stock with “Buy” rating in Tuesday, May 24 report. Wedbush maintained it with “Neutral” rating and $9.50 target price in Monday, September 21 report. The firm has “Hold” rating by Jefferies given on Thursday, October 8. Wedbush maintained Pier 1 Imports Inc (NYSE:PIR) rating on Thursday, September 8. Wedbush has “Neutral” rating and $4 price target. The firm has “Sell” rating by UBS given on Monday, November 9.
According to Zacks Investment Research, “Pier 1 Imports, Inc. consists of a chain of retail stores operating under the names Pier 1 Imports and The Pier, selling a wide variety of furniture, decorative home furnishings, dining and kitchen goods, accessories and other specialty items for the home. Additionally, the company, through certain subsidiaries, operates stores in the United Kingdom under the name The Pier. The company supplies merchandise and licenses the Pier 1 name to Sears Mexico and Sears Puerto Rico.”
Insitutional Activity: The institutional sentiment increased to 1.39 in Q2 2016. Its up 0.54, from 0.85 in 2016Q1. The ratio is positive, as 18 funds sold all Pier 1 Imports Inc shares owned while 53 reduced positions. 45 funds bought stakes while 54 increased positions. They now own 80.87 million shares or 10.40% more from 73.25 million shares in 2016Q1.
Goldman Sachs Grp Inc Inc holds 0% of its portfolio in Pier 1 Imports Inc (NYSE:PIR) for 368,179 shares. Cornerstone Mgmt Lc, a New York-based fund reported 278,700 shares. Legal & General Pcl last reported 18,341 shares in the company. Gsa Partners Ltd Liability Partnership accumulated 0.05% or 188,428 shares. Tfs Capital Llc owns 296,994 shares or 0.28% of their US portfolio. Barnett And last reported 88,600 shares in the company. Susquehanna International Grp Limited Liability Partnership holds 327,965 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 2,461 shares or 0% of their US portfolio. Swiss Bank & Trust accumulated 140,000 shares or 0% of the stock. Lucus Advisors Limited Company owns 63,024 shares or 0.27% of their US portfolio. Mackenzie Fincl Corporation last reported 0.01% of its portfolio in the stock. State Board Of Administration Of Florida Retirement accumulated 72,074 shares or 0% of the stock. Ladenburg Thalmann Financial Svcs has 0% invested in the company for 3,603 shares. Nj State Employees Deferred Compensation Plan reported 25,000 shares or 0.03% of all its holdings. Convergence Prtn Lc has 0.15% invested in the company for 211,410 shares.
More notable recent Pier 1 Imports Inc (NYSE:PIR) news were published by: Nasdaq.com which released: “Earnings Reaction History: Pier 1 Imports Inc., 44.4% Follow-Through Indicator …” on December 19, 2013, also Fool.com with their article: “Why Pier 1 Imports Inc Stock Spiked Today” published on September 29, 2016, Investorplace.com published: “3 Stocks to Watch on Thursday: Pier 1 Imports Inc (PIR), Intra-Cellular …” on September 29, 2016. More interesting news about Pier 1 Imports Inc (NYSE:PIR) were released by: Reuters.com and their article: “BRIEF-Pier 1 Imports Inc adopts short-term shareholder rights protection a…” published on September 27, 2016 as well as Fortune.com‘s news article titled: “Pier 1 Says Its CEO Will Step Down” with publication date: September 08, 2016.
PIR Company Profile
Pier 1 Imports, Inc., incorporated on April 30, 1986, is an importer of home decor and furniture. The Company’s activities 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 Firm operates approximately 950 stores in the United States, over 80 stores in Canada and an e-commerce Website, Pier1.com. The Company’s stores in the United States and Canada average approximately 9,900 gross square feet, which includes an average of approximately 7,900 square feet of retail selling space. The stores are located in freestanding units near shopping centers or malls and in-line positions in shopping centers. It operates in all the United States and Canadian metropolitan areas, and in primary smaller markets.
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