Janney Montgomery Scott LLC purchased a new stake in shares of Pier 1 Imports, Inc. (NYSE:PIR) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 24,675 shares of the specialty retailer’s stock, valued at approximately $177,000.
Several other hedge funds have also added to or reduced their stakes in PIR. FNY Partners Fund LP purchased a new position in shares of Pier 1 Imports during the fourth quarter worth $124,000. Pacad Investment Ltd. acquired a new stake in shares of Pier 1 Imports during the fourth quarter worth $188,000. Boothbay Fund Management LLC raised its stake in shares of Pier 1 Imports by 48.4% in the fourth quarter. Boothbay Fund Management LLC now owns 23,630 shares of the specialty retailer’s stock worth $202,000 after buying an additional 7,707 shares in the last quarter. Bayesian Capital Management LP raised its stake in shares of Pier 1 Imports by 108.8% in the fourth quarter. Bayesian Capital Management LP now owns 35,700 shares of the specialty retailer’s stock worth $305,000 after buying an additional 18,600 shares in the last quarter. Finally, Ellington Management Group LLC purchased a new stake in Pier 1 Imports during the fourth quarter valued at $326,000. 87.13% of the stock is currently owned by hedge funds and other institutional investors.
Pier 1 Imports, Inc. (NYSE:PIR) traded down 0.18% during midday trading on Monday, reaching $5.52. The company had a trading volume of 1,439,762 shares. The stock has a market capitalization of $444.20 million, a PE ratio of 14.92 and a beta of 1.71. The firm’s 50 day moving average is $5.76 and its 200 day moving average is $6.91. Pier 1 Imports, Inc. has a 1-year low of $3.73 and a 1-year high of $9.68.
Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings results on Wednesday, April 12th. The specialty retailer reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The company had revenue of $528.40 million for the quarter, compared to analyst estimates of $529.43 million. Pier 1 Imports had a net margin of 1.65% and a return on equity of 12.99%. Pier 1 Imports’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.23 EPS. On average, equities analysts anticipate that Pier 1 Imports, Inc. will post $0.49 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This piece was published by BBNS and is the sole property of of BBNS. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/24675-shares-in-pier-1-imports-inc-pir-acquired-by-janney-montgomery-scott-llc-updated-updated/862661.html.
A number of research analysts have issued reports on PIR shares. Zacks Investment Research upgraded Pier 1 Imports from a “hold” rating to a “strong-buy” rating and set a $7.75 price objective for the company in a research note on Friday, March 3rd. Wedbush reiterated a “neutral” rating and set a $8.00 price objective on shares of Pier 1 Imports in a research report on Tuesday, March 7th. Jefferies Group LLC reiterated a “hold” rating on shares of Pier 1 Imports in a research report on Thursday, March 16th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Pier 1 Imports in a report on Thursday, April 13th. Finally, BTIG Research reaffirmed a “sell” rating and issued a $3.50 price objective on shares of Pier 1 Imports in a research note on Friday, April 14th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $6.82.
Pier 1 Imports Company Profile
Pier 1 Imports, Inc is an importer of home decor and furniture. The Company’s operations 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 Company’s categories of merchandise include decorative accessories and furniture.
Receive News & Ratings for Pier 1 Imports Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports Inc. and related companies with our FREE daily email newsletter.