Oppenheimer & Co. Inc. Buys 21,400 Shares of Pier 1 Imports Inc (PIR)

Oppenheimer & Co. Inc. grew its stake in Pier 1 Imports Inc (NYSE:PIR) by 38.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,700 shares of the specialty retailer’s stock after acquiring an additional 21,400 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Pier 1 Imports were worth $59,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PIR. Rhumbline Advisers lifted its position in shares of Pier 1 Imports by 36.1% in the fourth quarter. Rhumbline Advisers now owns 119,399 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 31,666 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Pier 1 Imports by 1,033.7% in the fourth quarter. SG Americas Securities LLC now owns 130,136 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 118,657 shares in the last quarter. Stone Ridge Asset Management LLC lifted its position in shares of Pier 1 Imports by 32.8% in the fourth quarter. Stone Ridge Asset Management LLC now owns 162,991 shares of the specialty retailer’s stock valued at $50,000 after acquiring an additional 40,249 shares in the last quarter. Teton Advisors Inc. lifted its position in shares of Pier 1 Imports by 1,566.7% in the fourth quarter. Teton Advisors Inc. now owns 200,000 shares of the specialty retailer’s stock valued at $61,000 after acquiring an additional 188,000 shares in the last quarter. Finally, Virtu Financial LLC lifted its position in shares of Pier 1 Imports by 550.1% in the first quarter. Virtu Financial LLC now owns 137,610 shares of the specialty retailer’s stock valued at $105,000 after acquiring an additional 116,442 shares in the last quarter. Institutional investors and hedge funds own 48.49% of the company’s stock.

Several analysts have recently issued reports on the company. ValuEngine upgraded Pier 1 Imports from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Gordon Haskett downgraded Pier 1 Imports from a “hold” rating to an “underperform” rating in a research report on Thursday, March 21st. Finally, Zacks Investment Research downgraded Pier 1 Imports from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 19th. Five analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $1.44.



NYSE PIR opened at $0.83 on Tuesday. Pier 1 Imports Inc has a twelve month low of $0.28 and a twelve month high of $3.14. The stock has a market cap of $71.31 million, a P/E ratio of -0.34 and a beta of 4.19. The company has a current ratio of 1.76, a quick ratio of 0.47 and a debt-to-equity ratio of 2.74.

Pier 1 Imports (NYSE:PIR) last released its earnings results on Wednesday, April 17th. The specialty retailer reported ($0.85) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.63). Pier 1 Imports had a negative return on equity of 111.92% and a negative net margin of 12.80%. The business had revenue of $412.51 million for the quarter. On average, equities analysts anticipate that Pier 1 Imports Inc will post -1.93 EPS for the current year.

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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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Institutional Ownership by Quarter for Pier 1 Imports (NYSE:PIR)

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