The firm before predictable to report loss of $0.06 per share to breakeven.
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A number of other brokerages have also recently commented on PIR. Finally, Longbow Research started coverage on shares of Pier 1 Imports in a report on Thursday, June 16th.
Towle & Co holds 1.97% of its portfolio in Pier 1 Imports Inc for 2.07 million shares. They now have a $73.00 target price on the stock.
Currently Pier 1 Imports, Inc.
BTIG Research analysts reiterated its Sell rating on Pier 1 Imports Inc. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. According to these analysts, the Low Revenue Estimate for Pier 1 Imports, Inc.is 405.8 Million and the High Revenue Estimate is 429.1 Million.
The stock price hasn’t recovered since February 2015, when chief financial officer Cary Turner abruptly retired on the day Pier 1 surprised investors with weaker than expected fourth-quarter results.
Pier 1 Imports (PIR +3.5%) is starting to sink after hours, down 10.4%, following word of a mutual agreement that CEO and President Alex Smith will step down from those roles and from his board seat, and after preliminary Q2 results that are disappointing compared to consensus.
The Company has 88.52 million shares outstanding and 79.42 million shares were floated in market. The company reported the earnings of $-0.07/Share in the last quarter where the estimated EPS by analysts was $-0.05/share. The business earned $418.40 million during the quarter. The Company expected to announce next earnings approximately $0.12 per share. Company comparable sales decreased 2.5% (a 2.2% decrease on a constant currency basis). “I wish the best for Pier 1 Imports – a strong brand and a great Company”. Investors were uncomfortable with the general lack of action from policymakers at the European Central Bank, who chose not to make major changes to its monetary policy. (NYSE:PIR) quarterly performance is -24.62% while its price to sale ratio is 0.18 and price to book ratio is 1.23.
Pier 1 Imports Inc. “Outperform View” rating was revealed by 1 and “Underperform Signal” rating was issued by 2. Quantitative Systematic Strategies LLC acquired a new position in shares of Pier 1 Imports during the second quarter worth approximately $184,000.
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The 50 day moving average of Pier 1 Imports, Inc. 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.
