Today’s Market Runner: A Reversal for Pier 1 Imports Inc Is Not Near. The Stock Rises Again

Today's Market Runner: A Reversal for Pier 1 Imports Inc Is Not Near. The Stock Rises Again

The stock of Pier 1 Imports Inc (NYSE:PIR) is a huge mover today! About 1.93M shares traded hands. Pier 1 Imports Inc (NYSE:PIR) has declined 23.69% since April 8, 2016 and is downtrending. It has underperformed by 29.34% the S&P500.
The move comes after 8 months positive chart setup for the $447.90M company. It was reported on Nov, 10 by Barchart.com. We have $12.01 PT which if reached, will make NYSE:PIR worth $604.67M more.

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. Pier 1 Imports has been the topic of 28 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The rating was maintained by Wedbush with “Neutral” on Thursday, September 8. As per Friday, September 25, the company rating was maintained by Credit Agricole. The stock has “Market Perform” rating given by Telsey Advisory Group on Tuesday, December 15. As per Thursday, September 29, the company rating was maintained by Jefferies. The company was initiated on Monday, November 9 by UBS. The firm has “Hold” rating by Zacks given on Tuesday, August 25. The rating was downgraded by Johnson Rice to “Hold” on Thursday, December 17. The stock of Pier 1 Imports Inc (NYSE:PIR) has “Neutral” rating given on Monday, September 21 by Wedbush. The stock of Pier 1 Imports Inc (NYSE:PIR) has “Hold” rating given on Thursday, October 8 by Jefferies. The firm has “Market Perform” rating given on Thursday, September 29 by Telsey Advisory Group.

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.”

Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.54, from 0.85 in 2016Q1. The ratio improved, 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.
Nationwide Fund Advsr holds 308,678 shares or 0.01% of its portfolio. Boothbay Fund Mngmt Ltd Liability, a New York-based fund reported 18,545 shares. First Mercantile has 135,190 shares for 0.09% of their US portfolio. Smithfield Tru Commerce has invested 0% of its portfolio in Pier 1 Imports Inc (NYSE:PIR). Raymond James Finance Services Advsrs, a Florida-based fund reported 26,366 shares. Lsv Asset Mgmt holds 0% or 10,000 shares in its portfolio. Ellington Management Gru Llc accumulated 0.11% or 14,700 shares. Moreover, Trust Com Of Vermont has 0% invested in Pier 1 Imports Inc (NYSE:PIR) for 240 shares. Moreover, Commonwealth Service Limited Liability Corporation has 0% invested in Pier 1 Imports Inc (NYSE:PIR) for 300 shares. Citigroup Inc holds 89,980 shares or 0% of its portfolio. Ameriprise reported 1.06 million shares or 0% of all its holdings. State Of New Jersey Common Pension Fund D holds 0% of its portfolio in Pier 1 Imports Inc (NYSE:PIR) for 180,000 shares. The Connecticut-based Cubist Systematic Strategies Ltd Co has invested 0.01% in Pier 1 Imports Inc (NYSE:PIR). Los Angeles Mngmt Equity Research last reported 0% of its portfolio in the stock. The Ontario – Canada-based Td Asset Mngmt Incorporated has invested 0% in Pier 1 Imports Inc (NYSE:PIR).

Another recent and important Pier 1 Imports Inc (NYSE:PIR) news was published by Nasdaq.com which published an article titled: “Pier 1 Imports, Inc. (PIR) Ex-Dividend Date Scheduled for October 17, 2016” on October 14, 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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