WASHINGTON: Shares of Pier 1 Imports, Inc. (NYSE:PIR) appreciated by 8.33% during the past week but lost 24.96% on a 4-week basis. The shares have outperformed the S&P 500 by 5.42% in the past week but underperformed the index by 23.9% in the last 4 weeks.
The company shares have dropped 65.97% in the past 52 Weeks. On February 6, 2015 The shares registered one year high of $17.52 and one year low was seen on December 17, 2015 at $4.55. The 50-day moving average is $6.31 and the 200 day moving average is recorded at $9.33. S&P 500 has rallied 1.33% during the last 52-weeks.
During the last several months other analysts have commented on the company rating. Brokerage firm Deutsche Bank downgrades its rating on Pier 1 Imports, Inc. (NYSE:PIR). As per the latest information, the brokerage house lowers the price target to $3.5 per share from a prior target of $6. The shares have been rated Sell. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on December 17, 2015.
Pier 1 Imports, Inc. (NYSE:PIR) : On Thursday heightened volatility was witnessed in Pier 1 Imports, Inc. (NYSE:PIR) which led to swings in the share price. The shares opened for trading at $5.16 and hit $5.27 on the upside , eventually ending the session at $5.2, with a gain of 1.36% or 0.07 points.
The heightened volatility saw the trading volume jump to 2,173,722 shares. The 52-week high of the share price is $17.52 and the company has a market cap of $451 million. The 52-week low of the share price is at $4.55 .
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Exec Vice Pres/Human Resources) of Pier 1 Imports Inc/De, Humenesky Gregory had sold 20,000 shares worth of $266,400 in a transaction dated April 16, 2015. In this transaction, 20,000 shares were sold at $13.32 per share.
Pier 1 Imports, Inc. (NYSE:PIR): 11 Analyst have given the stock of Pier 1 Imports, Inc. (NYSE:PIR) a near short term price target of $7.11. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $3.67. The higher price target estimate is at $15 while the lower price estimates are fixed at $4.
Pier 1 Imports, Inc. (Pier 1 Imports) is a global importer of imported decorative home furnishings and gifts. As of March 2, 2013, the Company had 1,062 stores in the United States and Canada. During the fiscal year ended March 2, 2013 (fiscal 2013), the Company opened 22 new Pier 1 Imports stores and closed 12 stores.
The Company operates regional distribution center facilities in or near Baltimore, Maryland; Columbus, Ohio; Fort Worth, Texas; Ontario, California; Savannah, Georgia, and Tacoma, Washington.
The specialty retail operations of the Company consist of retail stores and e-Commerce operations conducting business under the name Pier 1 Imports, which sell a range of furniture, decorative home furnishings, dining and kitchen goods, candles, gifts and other specialty items for the home.
