Pier 1 Imports Inc (NYSE:PIR) - Equities research analysts at Wedbush lowered their FY2018 EPS estimates for shares of Pier 1 Imports in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. Oppenheimer & Co. Inc. now owns 31,400 shares of the specialty retailer's stock worth $132,000 after purchasing an additional 18,800 shares during the period. Allianz Asset Management GmbH owned 0.53% of Pier 1 Imports worth $1,844,000 at the end of the most recent quarter.
Several other institutional investors have also bought shares of the company. The Manufacturers Life Insurance Company lifted its position in Pier 1 Imports by 0.5% in the second quarter. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Gordon Haskett downgraded shares of Pier 1 Imports from a "hold" rating to a "sell" rating and set a $3.50 price target for the company.in a research note on Thursday, December 14th.
WARNING: "Somewhat Favorable News Coverage Somewhat Unlikely to Impact Pier 1 Imports (PIR) Stock Price" was originally published by StockNewsTimes and is the property of of StockNewsTimes. SG Americas Securities LLC bought a new position in Pier 1 Imports in the second quarter worth about $178,000.
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A number of equities analysts have issued reports on the company. From a safety point of view, a company's size and market value do matter. ValuEngine raised shares of Pier 1 Imports from a "hold" rating to a "buy" rating in a research note on Friday, September 15th. Analysts' mean recommendation for the stock is 3.40 (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Pier 1 Imports has a consensus rating of "Hold" and a consensus target price of $4.78. UBS Group reiterated a "sell" rating and issued a $3.50 price objective (down previously from $4.00) on shares of Pier 1 Imports in a report on Saturday, September 30th. (PIR) average trading volume of 3,354,460 during the past month is 53.47% above its average volume over the past year, indicating that investors have been more active than usual in the stock in recent times. Calculating the market cap is easy. The company now has a Return on Equity of 8.4% and a Return on Investment of 8.1%. Pier 1 Imports Inc has a 52-week low of $3.96 and a 52-week high of $9.22. Year to date performance remained at 1.45%.
In terms of Buy/Sell recommendations, 8 analysts have a consensus rating of 3.41 on the shares of Pier 1 Imports (NYSE:PIR). The firm had revenue of $469.20 million during the quarter, compared to the consensus estimate of $466.60 million. It seems that Pier 1 Imports, Inc.
According to 7 analysts, the Average Revenue Estimate is $1.36 Billion for the current Fiscal quarter. Avon Products Inc. now has its 52-Week High range of $6.03, while its 52-week low range is $1.85.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Wednesday, January 17th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 6.60%. Pier 1 Imports's payout ratio is now 100.00%. Pier 1 Imports's dividend payout ratio is now 100.00%. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & global copyright and trademark laws. The correct version of this article can be read at https://weekherald.com/2018/01/10/pier-1-imports-inc-pir-shares-bought-by-allianz-asset-management-gmbh.html.
Pier 1 Imports, Inc is an importer of home decor and furniture. The Company's operations 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 Company's categories of merchandise include decorative accessories and furniture.
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