The New Price T Rowe Associates Inc Holding in Pier 1 Imports IncDe
Price T Rowe Associates Inc filed with the SEC SC 13G/A form for Pier 1 Imports IncDe. The form can be accessed here: 000008025516001334. As reported in Price T Rowe Associates Inc ’s form, the filler as of late owns 2.2% or 1,871,989 shares of the Consumer Discretionary–company.
Pier 1 Imports IncDe stake is a new one for the for this institutional investor and it was filed because of activity on September 30, 2016. We feel this shows Price T Rowe Associates Inc ’s positive view for the stock. For a institutional investor managing $689.00 billion in assets and having 2216+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.
Pier 1 Imports IncDe Institutional Sentiment
Latest Security and Exchange filings show 169 investors own Pier 1 Imports IncDe. The institutional ownership in Q3 2015 is high, at 97.42% of the outstanding shares. This is decreased by 5745083 the total institutional shares. 80949147 were the shares owned by these institutional investors. In total 29 funds opened new Pier 1 Imports IncDe stakes, 61 increased stakes. There were 39 that closed positions and 61 reduced them.
True Bearing Asset Management Lp is an institutional investor bullish on Pier 1 Imports IncDe, owning 133147 shares as of Q3 2015 for 1.56% of its portfolio. Kestrel Investment Management Corp owns 447000 shares or 1.07% of its portfolio. CT Westport Asset Management Inc have 0.96% of their stock portfolio for 159425 shares. Further, Dynamic Capital Management Ltd reported stake worth 0.63% of its US stock portfolio. The VA Vnbtrust National Association owns 420850 shares. Pier 1 Imports IncDe is 1.65% of the manager’s US portfolio.
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. The decorative accessories category includes decorative accents and textiles, such as rugs, wall decorations and mirrors, candles, fragrance, gifts and seasonal items. The furniture category includes furniture and furniture cushions to be used in living, dining, office, sunrooms and patios. This merchandise group is generally made of metal or handcrafted natural materials, including rattan, pine, acacia, oak and other woods with either natural, stained, painted or upholstered finishes.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Price T Rowe Associates Inc website.
Insitutional Activity: The institutional sentiment increased to 1.39 in Q2 2016. Its up 0.54, from 0.85 in 2016Q1. The ratio is positive, 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.
Smithfield Trust holds 0% of its portfolio in Pier 1 Imports Inc (NYSE:PIR) for 515 shares. Sei Company holds 0% or 28 shares in its portfolio. Moreover, Paloma Management has 0% invested in Pier 1 Imports Inc (NYSE:PIR) for 74,608 shares. Qs Investors Ltd Llc has 4,920 shares for 0% of their US portfolio. Balyasny Asset Mngmt last reported 38,626 shares in the company. Blackrock Institutional Tru Co Na accumulated 2.08 million shares or 0% of the stock. State Bank Of America Corporation De has 0% invested in the company for 169,274 shares. Credit Suisse Ag holds 0% or 247,609 shares in its portfolio. Northern Trust Corp last reported 1.08 million shares in the company. Art Advsr Ltd Limited Liability Company holds 267,992 shares or 0.07% of its portfolio. Invesco last reported 0% of its portfolio in the stock. National Bank & Trust Of Montreal Can last reported 708 shares in the company. Old Mutual Glob Investors (Uk) Ltd accumulated 0.02% or 171,656 shares. Nationwide Fund Advsr has invested 0.01% of its portfolio in Pier 1 Imports Inc (NYSE:PIR). The Pennsylvania-based Federated Pa has invested 0% in Pier 1 Imports Inc (NYSE:PIR).
About 238,232 shares traded hands. Pier 1 Imports Inc (NYSE:PIR) has declined 29.10% since March 8, 2016 and is downtrending. It has underperformed by 38.42% the S&P500.
Pier 1 Imports, Inc. is an importer of home decor and furniture. The company has a market cap of $378.44 million. 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. It has a 19.22 P/E ratio. The Company’s categories of merchandise include decorative accessories and furniture.
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. $15.0 is the highest target while $3.50 is the lowest. The $8.68 average target is 92.46% above today’s ($4.51) stock price. Pier 1 Imports has been the topic of 28 analyst reports since August 25, 2015 according to StockzIntelligence Inc. On Thursday, June 16 the stock rating was initiated by Longbow with “Neutral”. The stock of Pier 1 Imports Inc (NYSE:PIR) has “Hold” rating given on Friday, September 25 by Deutsche Bank. Zacks upgraded Pier 1 Imports Inc (NYSE:PIR) on Tuesday, August 25 to “Hold” rating. Wedbush maintained the shares of PIR in a report on Monday, September 21 with “Neutral” rating. Oppenheimer maintained Pier 1 Imports Inc (NYSE:PIR) rating on Friday, September 25. Oppenheimer has “Outperform” rating and $15.0 price target. The firm earned “Buy” rating on Tuesday, May 24 by Topeka Capital Markets. As per Friday, September 25, the company rating was maintained by Telsey Advisory Group. The rating was downgraded by Deutsche Bank on Thursday, December 17 to “Sell”. Telsey Advisory Group maintained Pier 1 Imports Inc (NYSE:PIR) on Tuesday, December 15 with “Market Perform” rating. The stock of Pier 1 Imports Inc (NYSE:PIR) earned “Sell” rating by UBS on Monday, November 9.
More notable recent Pier 1 Imports Inc (NYSE:PIR) news were published by: Fool.com which released: “Why Pier 1 Imports Inc Stock Spiked Today” on September 29, 2016, also Seekingalpha.com with their article: “Don’t Chase Pier 1 Imports” published on October 04, 2016, Denverpost.com published: “Alden Global reports 9.5 percent stake in Pier 1 Imports” on September 20, 2016. More interesting news about Pier 1 Imports Inc (NYSE:PIR) were released by: Investorplace.com and their article: “3 Stocks to Watch on Thursday: Pier 1 Imports Inc (PIR), Intra-Cellular …” published on September 29, 2016 as well as Fool.com‘s news article titled: “Why Pier 1 Imports Inc. Stock Plummeted Friday” with publication date: September 25, 2015.
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.”
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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