Pier 1 Imports (NYSE:PIR) Stock Crosses Above 200 Day Moving Average of $2.22

Pier 1 Imports Inc (NYSE:PIR)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.22 and traded as high as $3.60. Pier 1 Imports shares last traded at $3.50, with a volume of 637 shares changing hands.

PIR has been the topic of several research analyst reports. Zacks Investment Research raised Pier 1 Imports from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. ValuEngine downgraded Pier 1 Imports from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Pier 1 Imports currently has an average rating of “Hold” and a consensus price target of $1.31.

The company has a current ratio of 0.97, a quick ratio of 0.22 and a debt-to-equity ratio of 83.80. The business has a 50-day moving average price of $4.63 and a 200-day moving average price of $2.22. The firm has a market cap of $14.77 million, a P/E ratio of -0.07 and a beta of 3.76.



Pier 1 Imports (NYSE:PIR) last posted its quarterly earnings results on Wednesday, June 26th. The specialty retailer reported ($19.97) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($13.00) by ($6.97). Pier 1 Imports had a negative return on equity of 217.70% and a negative net margin of 16.85%. The firm had revenue of $314.32 million for the quarter, compared to the consensus estimate of $315.40 million. During the same period in the previous year, the company posted ($0.36) EPS. On average, equities analysts anticipate that Pier 1 Imports Inc will post -42.58 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Paloma Partners Management Co purchased a new stake in shares of Pier 1 Imports during the 2nd quarter worth $136,000. Oppenheimer & Co. Inc. raised its stake in Pier 1 Imports by 38.0% in the first quarter. Oppenheimer & Co. Inc. now owns 77,700 shares of the specialty retailer’s stock valued at $59,000 after buying an additional 21,400 shares during the last quarter. Virtu Financial LLC raised its stake in 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 buying an additional 116,442 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Pier 1 Imports by 2.7% in the fourth quarter. BlackRock Inc. now owns 5,511,193 shares of the specialty retailer’s stock valued at $1,686,000 after buying an additional 142,741 shares during the last quarter.

About Pier 1 Imports (NYSE:PIR)

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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