WASHINGTON: ING Groep raised its position in Pier 1 Imports Inc (NYSE:PIR) by 14.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 794,300 shares of the company’s stock after buying an additional 97,600 shares during the period. ING Groep owned 0.92% of Pier 1 Imports worth $5,481,000 as of its most recent filing with the SEC.
Shares of Pier 1 Imports Inc (NYSE:PIR) opened at 5.03 on Tuesday. The company’s 50-day moving average price is $5.91 and its 200-day moving average price is $8.99. Pier 1 Imports Inc has a 52-week low of $4.55 and a 52-week high of $17.52. The stock has a market cap of $421.90 million and a PE ratio of 8.06. Pier 1 Imports (NYSE:PIR) last announced its earnings results on Wednesday, December 16th.
The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. During the same period last year, the business posted $0.20 EPS. The company had revenue of $472.50 million for the quarter, compared to the consensus estimate of $492.82 million. The firm’s revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Pier 1 Imports Inc will post $0.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 3rd. Shareholders of record on Wednesday, January 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, January 15th. This is an increase from Pier 1 Imports’s previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a yield of 5.57%.
Several equities research analysts recently weighed in on PIR shares. Zacks Investment Research lowered Pier 1 Imports from a “buy” rating to a “hold” rating in a research report on Tuesday, September 15th. Wedbush restated a “neutral” rating and set a $9.50 price target on shares of Pier 1 Imports in a research report on Monday, September 21st.
Deutsche Bank restated a “hold” rating and set a $8.00 price target (down from $12.00) on shares of Pier 1 Imports in a research report on Tuesday, September 22nd. Telsey Advisory Group dropped their price target on Pier 1 Imports from $13.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday, September 25th. Finally, Credit Agricole lifted their price target on Pier 1 Imports from $9.50 to $14.00 and gave the company an “outperform” rating in a research report on Friday, September 25th.
Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.77.
