Stock of the Day: What Will Happen to Pier 1 Imports Inc Next? The Stock Just Increased A Lot

Stock of the Day: What Will Happen to Pier 1 Imports Inc Next? The Stock Just Increased A Lot

The stock of Pier 1 Imports Inc (NYSE:PIR) is a huge mover today! About 642,678 shares traded hands. Pier 1 Imports Inc (NYSE:PIR) has declined 17.06% since April 28, 2016 and is downtrending. It has underperformed by 22.99% the S&P500.
The move comes after 9 months positive chart setup for the $448.04M company. It was reported on Dec, 1 by Barchart.com. We have $6.19 PT which if reached, will make NYSE:PIR worth $35.84 million more.

Analysts await Pier 1 Imports Inc (NYSE:PIR) to report earnings on December, 21. They expect $0.12 earnings per share, down 7.69% or $0.01 from last year’s $0.13 per share. PIR’s profit will be $9.38M for 11.94 P/E if the $0.12 EPS becomes a reality. After $-0.05 actual earnings per share reported by Pier 1 Imports Inc for the previous quarter, Wall Street now forecasts -340.00% EPS growth.

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. The company was maintained on Friday, September 25 by Oppenheimer. The stock of Pier 1 Imports Inc (NYSE:PIR) has “Peer Perform” rating given on Thursday, June 23 by Wolfe Research. Telsey Advisory Group maintained it with “Market Perform” rating and $5 target price in Thursday, September 29 report. Raymond James downgraded Pier 1 Imports Inc (NYSE:PIR) on Thursday, September 8 to “Mkt Perform” rating. The firm has “Neutral” rating given on Thursday, June 16 by Longbow. On Tuesday, May 24 the stock rating was initiated by Topeka Capital Markets with “Buy”. The firm earned “Outperform” rating on Friday, September 25 by Credit Agricole. Wedbush maintained the stock with “Neutral” rating in Monday, September 21 report. The stock of Pier 1 Imports Inc (NYSE:PIR) earned “Neutral” rating by Wedbush on Thursday, September 8. The stock of Pier 1 Imports Inc (NYSE:PIR) earned “Hold” rating by Jefferies on Thursday, September 29.

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 decreased to 0.69 in 2016 Q2. Its down 0.70, from 1.39 in 2016Q1. The ratio worsened, 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.
Raymond James Assoc holds 0% or 258,123 shares in its portfolio. Hsbc Pcl last reported 0% of its portfolio in the stock. Nomura Holdings accumulated 0% or 14,200 shares. Parametric Portfolio Assocs Limited accumulated 945,695 shares or 0.01% of the stock. Moreover, Retail Bank Of Montreal Can has 0% invested in Pier 1 Imports Inc (NYSE:PIR) for 708 shares. Secor Cap Advisors L P last reported 102,094 shares in the company. First Tru Ltd Partnership holds 11,542 shares or 0% of its portfolio. Verition Fund Mgmt Lc last reported 0.01% of its portfolio in the stock. Princeton Alpha Lp holds 0.03% of its portfolio in Pier 1 Imports Inc (NYSE:PIR) for 27,894 shares. Dynamic Cap Management Limited, a United Kingdom-based fund reported 182,189 shares. Blackrock Advsr Limited Liability Com has 0% invested in the company for 40,719 shares. The New York-based Product Ptnrs Limited Com has invested 0.12% in Pier 1 Imports Inc (NYSE:PIR). Northern Tru holds 0% of its portfolio in Pier 1 Imports Inc (NYSE:PIR) for 1.08 million shares. Bogle Inv L P De holds 0.22% or 622,844 shares in its portfolio. Commonwealth Financial Svcs Lc holds 0% of its portfolio in Pier 1 Imports Inc (NYSE:PIR) for 300 shares.

More news for Pier 1 Imports Inc (NYSE:PIR) were recently published by: Fool.com, which released: “Can Pier 1 Imports Keep Going After Last Week’s 11% Pop?” on November 21, 2016. Businesswire.com‘s article titled: “Pier 1 Imports, Inc. Updates Third Quarter Fiscal 2017 Financial Guidance” and published on November 14, 2016 is yet another important article.

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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