Media stories about Pier 1 Imports (NYSE:PIR) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Pier 1 Imports earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned headlines about the specialty retailer an impact score of 47.5295558186493 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Pier 1 Imports (PIR) versus Its Peers Head to Head Review (americanbankingnews.com)
- Performance Evaluation – Pier 1 Imports, Inc. (NYSE: PIR) – The Investor Guide (wallstreetnews24.com)
- Analyst’s Take on Pier 1 Imports (PIR) and Mannkind Corporation (MNKD) – Post Registrar (postregistrar.com)
- Traders Alert on Pier 1 Imports, Inc. (PIR) – Wall Street Morning (wallstreetmorning.com)
- Should You Buy Pier 1 Imports Inc (NYSE:PIR) At $3.06? (finance.yahoo.com)
A number of research firms have commented on PIR. Zacks Investment Research raised shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Wednesday. Loop Capital set a $4.00 price target on shares of Pier 1 Imports and gave the company a “hold” rating in a research report on Thursday, December 14th. Telsey Advisory Group reissued a “market perform” rating on shares of Pier 1 Imports in a research report on Thursday, January 25th. ValuEngine raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. Finally, Gordon Haskett lowered shares of Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 price objective on the stock. in a research report on Thursday, December 14th. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $4.46.
In other news, major shareholder & Co Towle acquired 32,900 shares of Pier 1 Imports stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average price of $3.09 per share, with a total value of $101,661.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have purchased 41,100 shares of company stock valued at $127,641. 5.45% of the stock is owned by corporate insiders.
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About Pier 1 Imports
Pier 1 Imports, Inc engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios.
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