Economy

Pier 1 Imports Inc (NYSE:PIR) Institutional Investor Sentiment Trend

It has underperformed by 2.62% the S&P500. Deutsche Bank AG dropped the price target on Pier 1 Imports from $6.25 to $5.00 and fixed a sell recommendation on the company shares in a study report on early Wed, May 31st. The active investment managers in our partner's database now hold: 58.06 million shares, down from 63.97 million shares in 2016Q3. The Company's activities 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 stock decreased 4.36% or $0.03 on September 8, reaching $0.66. About 716,491 shares traded. It has underperformed by 19.65% the S&P500. Irving Magee Investment Management sold 150,567 shares as Pier 1 Imports Inc (PIR)'s stock declined 23.88%. Therefore 29% are positive. Pier 1 Imports had 44 analyst reports since August 25, 2015 according to SRatingsIntel. Telsey Advisory Group maintained the stock with "Market Perform" rating in Tuesday, December 15 report. The rating was maintained by Jefferies with "Hold" on Wednesday, April 19.

Among 21 analysts covering Pier 1 Imports (NYSE:PIR), 6 have Buy rating, 4 Sell and 11 Hold. As per Thursday, September 8, the company rating was downgraded by Raymond James.

Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings results on Wednesday, June 28th. After $-0.04 actual earnings per share reported by Pier 1 Imports Inc for the previous quarter, Wall Street now forecasts 50.00% negative EPS growth. The rating was maintained by Wedbush on Monday, September 21 with "Neutral". Jefferies Group LLC restated a hold rating and set a $5.90 price objective on shares of Pier 1 Imports in a report on Sunday, September 3rd. The firm has "Market Perform" rating given on Thursday, June 30 by Telsey Advisory Group. Moreover, Menta Capital Llc has 0.63% invested in the company for 876,946 shares. The specialty retailer reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01.

Investors sentiment decreased to 1.1 in Q4 2016. Its up 0.24, from 0.69 in 2016Q3. On average, equities analysts expect that Pier 1 Imports, Inc. will post $0.47 earnings per share for the current year. Barclays Public Ltd Com invested in 0% or 113,704 shares. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2017/09/11/pier-1-imports-inc-pir-shares-sold-by-tocqueville-asset-management-l-p.html.

Pier 1 Imports, Inc is an importer of home decor and furniture.

Several equities research analysts recently commented on PIR shares. Price T Rowe Associate Incorporated Md owns 1.89M shares. Americafirst Cap Mngmt Lc holds 0% in Pier 1 Imports Inc (NYSE:PIR) or 28,498 shares. International Grp invested in 0% or 46,567 shares. The Texas-based Usca Ria Llc has invested 0.14% in the stock. Bnp Paribas Arbitrage reported 43,587 shares. Eam Invsts Ltd Liability stated it has 106,099 shares. Oracle Investment Management Inc owns 7.94 million shares or 4.05% of their USA portfolio. It also upped Six Flags Entmt Corp New (NYSE:SIX) stake by 31,301 shares and now owns 178,272 shares. Cavium Inc (NASDAQ:CAVM) was raised too. The lowest EPS estimate is ($0.07) and the highest is ($0.04).

The stock decreased 0.96% or $0.03 on September 8, reaching $3.11. Telsey Advisory Group has "Market Perform" rating and $5 target. Morgan Stanley has "Equal-Weight" rating and $45 target. The firm earned "Hold" rating on Thursday, December 17 by Johnson Rice. The firm has "Outperform" rating by RBC Capital Markets given on Friday, December 16. Citigroup maintained the stock with "Neutral" rating in Friday, June 17 report. Vanguard Group Inc. now owns 7,304,924 shares of the specialty retailer's stock valued at $52,303,000 after acquiring an additional 1,179,575 shares during the period.

Benchmark Capital Advisors holds 1.32% of its portfolio in BlueScope Steel Limited for 88,328 shares. Community Fincl Bank Na invested in 9,400 shares or 0.08% of the stock. Jennison Assocs Llc invested 0% in Oracle Corporation (NYSE:ORCL). Aristotle Capital Boston Llc, a Massachusetts-based fund reported 505,660 shares.#img1#. Davy Asset Limited accumulated 0.98% or 122,789 shares. Ameriprise Fincl, a Minnesota-based fund reported 9.45 million shares.



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