The stock of Pier 1 Imports Inc (NYSE:PIR) is a huge mover today! About 1.17 million shares traded hands. Pier 1 Imports Inc (NYSE:PIR) has declined 28.20% since April 13, 2016 and is downtrending. It has underperformed by 32.13% the S&P500.
The move comes after 7 months positive chart setup for the $470.10M company. It was reported on Nov, 15 by Barchart.com. We have $13.97 PT which if reached, will make NYSE:PIR worth $700.45M 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 29 analyst reports since August 25, 2015 according to StockzIntelligence Inc. On Thursday, September 29 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. UBS initiated the shares of PIR in a report on Monday, November 9 with “Sell” rating. The firm has “Neutral” rating by Longbow given on Thursday, June 16. The stock of Pier 1 Imports Inc (NYSE:PIR) earned “Sell” rating by Deutsche Bank on Thursday, December 17. The rating was maintained by Wedbush with “Neutral” on Monday, September 21. As per Friday, September 25, the company rating was maintained by Oppenheimer. The firm has “Mkt Perform” rating by Raymond James given on Thursday, September 8. The stock has “Neutral” rating given by Credit Suisse on Friday, December 11. Telsey Advisory Group maintained the stock with “Market Perform” rating in Tuesday, December 15 report. The company was upgraded on Thursday, June 23 by Wolfe Research.
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 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.
Ariel Invs has 0.03% invested in the company for 524,005 shares. Ameriprise Finance Incorporated has 0% invested in the company for 1.06M shares. Teacher Retirement Of Texas last reported 11,885 shares in the company. Penn Management accumulated 0.3% or 1.03M shares. Renaissance Technology Limited Co last reported 2.49M shares in the company. The New Jersey-based State Of New Jersey Common Pension Fund D has invested 0% in Pier 1 Imports Inc (NYSE:PIR). Financial Bank Of America De owns 169,274 shares or 0% of their US portfolio. Invesco Ltd last reported 0% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Pier 1 Imports Inc (NYSE:PIR). Convergence Investment Ltd Liability Com holds 0.15% of its portfolio in Pier 1 Imports Inc (NYSE:PIR) for 211,410 shares. Sei Investments owns 28 shares or 0% of their US portfolio. Schwab Charles Investment Incorporated last reported 0.01% of its portfolio in the stock. Manufacturers Life Ins The last reported 56,312 shares in the company. Clarivest Asset Mgmt Ltd Llc holds 0.01% of its portfolio in Pier 1 Imports Inc (NYSE:PIR) for 79,100 shares. State Street has invested 0% of its portfolio in Pier 1 Imports Inc (NYSE:PIR).
More notable recent Pier 1 Imports Inc (NYSE:PIR) news were published by: Businesswire.com which released: “Pier 1 Imports, Inc. Updates Third Quarter Fiscal 2017 Financial Guidance” on November 14, 2016, also Benzinga.com with their article: “Wedbush Thinks It’s Identified Pier 1 Imports’ Near-Term Bottom” published on November 15, 2016, Fortune.com published: “Pier 1 Says Its CEO Will Step Down” on September 08, 2016. More interesting news about Pier 1 Imports Inc (NYSE:PIR) were released by: Reuters.com and their article: “BRIEF-Pier 1 Imports expects Q3 comp. sales to be at high-end of guided ra…” published on November 14, 2016 as well as Fool.com‘s news article titled: “Why Pier 1 Imports Inc Stock Spiked Today” with publication date: September 29, 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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