Analysts Anticipate Pier 1 Imports (PIR) Will Announce Earnings of $0.18 Per Share

Wall Street analysts forecast that Pier 1 Imports (NYSE:PIR) will report earnings of $0.18 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Pier 1 Imports’ earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.16. Pier 1 Imports posted earnings per share of $0.34 during the same quarter last year, which indicates a negative year over year growth rate of 47.1%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, April 18th.

According to Zacks, analysts expect that Pier 1 Imports will report full year earnings of $0.18 per share for the current year, with EPS estimates ranging from $0.16 to $0.20. For the next financial year, analysts anticipate that the business will post earnings of $0.20 per share, with EPS estimates ranging from $0.11 to $0.34. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Pier 1 Imports.

Several research analysts have weighed in on the company. Vetr lowered Pier 1 Imports from a “strong-buy” rating to a “buy” rating and set a $3.79 target price on the stock. in a research report on Thursday, April 5th. Zacks Investment Research raised Pier 1 Imports from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Pier 1 Imports in a research report on Thursday, January 25th. Gordon Haskett lowered Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 target price on the stock. in a research report on Thursday, December 14th. Finally, Loop Capital set a $4.00 target price on Pier 1 Imports and gave the stock a “hold” rating in a research report on Thursday, December 14th. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $4.40.



Pier 1 Imports stock traded down $0.01 during mid-day trading on Friday, hitting $3.37. The company’s stock had a trading volume of 708,265 shares, compared to its average volume of 1,670,218. The company has a current ratio of 2.14, a quick ratio of 0.61 and a debt-to-equity ratio of 0.74. Pier 1 Imports has a 52-week low of $2.87 and a 52-week high of $7.22. The company has a market cap of $298.39, a P/E ratio of 7.68, a P/E/G ratio of -5.87 and a beta of 1.47.

In related news, major shareholder & Co Towle acquired 32,900 shares of the stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $3.09 per share, with a total value of $101,661.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have bought 45,705 shares of company stock worth $142,468. 5.58% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Pier 1 Imports by 0.5% during the 4th quarter. BlackRock Inc. now owns 5,600,050 shares of the specialty retailer’s stock valued at $23,184,000 after acquiring an additional 26,539 shares during the last quarter. Towle & Co. increased its holdings in shares of Pier 1 Imports by 216.9% during the 4th quarter. Towle & Co. now owns 4,901,790 shares of the specialty retailer’s stock valued at $20,293,000 after acquiring an additional 3,354,913 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Pier 1 Imports by 11.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,610,081 shares of the specialty retailer’s stock valued at $6,666,000 after acquiring an additional 170,701 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Pier 1 Imports by 16.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,251,926 shares of the specialty retailer’s stock valued at $5,182,000 after acquiring an additional 175,722 shares during the last quarter. Finally, Spark Investment Management LLC increased its holdings in shares of Pier 1 Imports by 230.6% during the 4th quarter. Spark Investment Management LLC now owns 917,100 shares of the specialty retailer’s stock valued at $3,796,000 after acquiring an additional 639,700 shares during the last quarter. 77.58% of the stock is currently owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Pier 1 Imports (NYSE:PIR)

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