Price Action Alert: Pier 1 Imports Inc Has Another Very Weak Trading Session

Price Action Alert: Pier 1 Imports Inc Has Another Very Weak Trading Session

The stock of Pier 1 Imports Inc (NYSE:PIR) is a huge mover today! About 1.93 million shares traded hands. Pier 1 Imports Inc (NYSE:PIR) has declined 15.98% since April 27, 2016 and is downtrending. It has underperformed by 21.21% the S&P500.
The move comes after 7 months negative chart setup for the $470.76 million company. It was reported on Nov, 30 by Barchart.com. We have $5.19 PT which if reached, will make NYSE:PIR worth $32.95M less.

Analysts await Pier 1 Imports Inc (NYSE:PIR) to report earnings on December, 21. They expect $0.12 EPS, down 7.69% or $0.01 from last year’s $0.13 per share. PIR’s profit will be $10.12 million for 11.63 P/E if the $0.12 EPS becomes a reality. After $-0.05 actual EPS reported by Pier 1 Imports Inc for the previous quarter, Wall Street now forecasts -340.00% EPS growth.

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 29 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Wedbush maintained Pier 1 Imports Inc (NYSE:PIR) rating on Thursday, September 8. Wedbush has “Neutral” rating and $4 price target. The company was initiated on Thursday, October 8 by Jefferies. The rating was maintained by Telsey Advisory Group with “Market Perform” on Tuesday, November 15. The firm earned “Buy” rating on Tuesday, May 24 by Topeka Capital Markets. Oppenheimer maintained Pier 1 Imports Inc (NYSE:PIR) on Friday, September 25 with “Outperform” rating. On Thursday, December 17 the stock rating was downgraded by Deutsche Bank to “Sell”. Telsey Advisory Group maintained Pier 1 Imports Inc (NYSE:PIR) on Friday, September 25 with “Market Perform” rating. The firm earned “Market Perform” rating on Thursday, June 30 by Telsey Advisory Group. The company was initiated on Thursday, June 16 by Longbow. The rating was maintained by Telsey Advisory Group on Tuesday, December 15 with “Market Perform”.

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 decreased to 0.69 in 2016 Q2. Its down 0.70, from 1.39 in 2016Q1. The ratio worsened, 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.
Price T Rowe Assoc Md, a Maryland-based fund reported 9.62M shares. Tocqueville Asset Management L P has 1.36 million shares for 0.09% of their US portfolio. Bnp Paribas Arbitrage Sa holds 0% or 32,467 shares in its portfolio. Qs Ltd Llc holds 4,920 shares or 0% of its portfolio. Americafirst Capital Management Ltd Liability Corp, a California-based fund reported 31,963 shares. Parametric Associate Ltd Liability owns 945,695 shares or 0.01% of their US portfolio. Tfs Limited Liability Com last reported 0.28% of its portfolio in the stock. Nomura Holdings accumulated 14,200 shares or 0% of the stock. Old Mutual Global Investors (Uk) Limited holds 0.02% of its portfolio in Pier 1 Imports Inc (NYSE:PIR) for 171,656 shares. Wellington Group Inc Llp owns 267,626 shares or 0% of their US portfolio. Deutsche Savings Bank Ag holds 0.01% or 2.18M shares in its portfolio. California Pub Employees Retirement Systems last reported 0% of its portfolio in the stock. Towle Co holds 1.97% or 2.07 million shares in its portfolio. Morgan Stanley has 0% invested in the company for 8,059 shares. Parallax Volatility Advisers Limited Partnership, a California-based fund reported 729 shares.

More news for Pier 1 Imports Inc (NYSE:PIR) were recently published by: Fool.com, which released: “Can Pier 1 Imports Keep Going After Last Week’s 11% Pop?” on November 21, 2016. Businesswire.com‘s article titled: “Pier 1 Imports, Inc. Updates Third Quarter Fiscal 2017 Financial Guidance” and published on November 14, 2016 is yet another important article.

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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