Pier 1 Imports, Inc. (NYSE:PIR) is expected to pay $0.07 on Nov 2, 2016. The indicated annual dividend is $0.28. Shareholders owning the stock before Oct 17, 2016 will be eligible to receive the payout. Based on Pier 1 Imports, Inc.’s current price of $4.35, the dividend is 1.61%. This dividend’s record date is Oct 19, 2016 and the announcement date is Sep 29, 2016. The stock increased 1.87% or $0.08 on October 14, hitting $4.35. About 5.20 million shares traded hands or 43.25% up from the average. Pier 1 Imports Inc (NYSE:PIR) has declined 33.79% since March 14, 2016 and is downtrending. It has underperformed by 39.40% the S&P500.
Pier 1 Imports, Inc. is an importer of home decor and furniture. The company has a market cap of $368.20 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 18.56 P/E ratio. The Company’s categories of merchandise include decorative accessories and furniture.
Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. 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.
Verition Fund Mgmt Limited Co last reported 0.01% of its portfolio in the stock. The Ontario – Canada-based Counsel Port Ser has invested 0.03% in Pier 1 Imports Inc (NYSE:PIR). Tyvor Ltd Company last reported 333,954 shares in the company. Nomura holds 0% of its portfolio in Pier 1 Imports Inc (NYSE:PIR) for 14,200 shares. Moreover, Tower Rech Cap Ltd Liability Company (Trc) has 0% invested in Pier 1 Imports Inc (NYSE:PIR) for 313 shares. Brandywine Glob Mgmt holds 1.42M shares or 0.05% of its portfolio. The Massachusetts-based Wellington Mngmt Gru Llp has invested 0% in Pier 1 Imports Inc (NYSE:PIR). The Tennessee-based First Mercantile Trust has invested 0.09% in Pier 1 Imports Inc (NYSE:PIR). Smith Asset Management Gp Limited Partnership, a Texas-based fund reported 30,130 shares. Ameriprise last reported 0% of its portfolio in the stock. Blackrock Institutional Trust Na holds 0% of its portfolio in Pier 1 Imports Inc (NYSE:PIR) for 2.08M shares. Principal Gru Inc reported 16,503 shares or 0% of all its holdings. Towle has invested 1.97% of its portfolio in Pier 1 Imports Inc (NYSE:PIR). Bank Of Montreal Can accumulated 708 shares or 0% of the stock. Nationwide Fund Advisors last reported 308,678 shares in the company.
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 99.54% above today’s ($4.35) stock price. Pier 1 Imports has been the topic of 28 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The rating was initiated by Topeka Capital Markets with “Buy” on Tuesday, May 24. The rating was maintained by Wedbush with “Neutral” on Monday, September 21. The stock of Pier 1 Imports Inc (NYSE:PIR) earned “Underperform” rating by Credit Suisse on Thursday, September 8. The firm earned “Market Perform” rating on Thursday, June 30 by Telsey Advisory Group. Longbow initiated the shares of PIR in a report on Thursday, June 16 with “Neutral” rating. Deutsche Bank downgraded Pier 1 Imports Inc (NYSE:PIR) on Thursday, December 17 to “Sell” rating. The firm has “Neutral” rating by Wedbush given on Thursday, September 8. Zacks upgraded the stock to “Hold” rating in Tuesday, August 25 report. Johnson Rice downgraded Pier 1 Imports Inc (NYSE:PIR) on Thursday, December 17 to “Hold” rating. Telsey Advisory Group maintained the stock with “Market Perform” rating in Friday, September 25 report.
More notable recent Pier 1 Imports Inc (NYSE:PIR) news were published by: Businesswire.com which released: “Pier 1 Imports Comments on Letter from Alden Global Capital” on October 14, 2016, also Fool.com with their article: “Why Pier 1 Imports Inc Stock Spiked Today” published on September 29, 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: Seekingalpha.com and their article: “Don’t Chase Pier 1 Imports” published on October 04, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Pier 1 Imports Inc adopts short-term shareholder rights protection a…” with publication date: September 27, 2016.
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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