The Pier 1 Imports Inc. (PIR) Releases Q4 Earnings Guidance

Ameriprise Financial Inc. reduced its stake in Pier 1 Imports, Inc. A total of 1.38 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 1.84 Million shares, while its relative volume stands at 0.75. The institutional investor owned 462,355 shares of the specialty retailer's stock after selling 371,737 shares during the quarter. Pier 1 Imports's quarterly revenue was down 6.7% on a year-over-year basis. (PIR) average trading volume of 1,400,595 during the past month is 37% below its average volume over the past year, indicating that investors have been less active than usual in the stock in recent times. Teachers Advisors LLC lifted its holdings in shares of Pier 1 Imports by 794.7% in the 1st quarter. Jane Street Group LLC grew its holdings in shares of Pier 1 Imports by 29.0% during the 1st quarter.

The latest insider trades for Pier 1 Imports, Inc. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Pier 1 Imports during the 2nd quarter worth $206,000. The stock has been active on the tape, now trading at $4.19, down from yesterday's close by -1.41%. Many analysts use price trends and patterns to predict future performance, and we can glean some important insights about PIR by examining the chart.

Analyst research firms are expressing bullish stance on Pier 1 Imports, Inc. Pier 1 Imports (NYSE:PIR)'s price sits -0.14% off from its 50-day moving average of $4.25 and -21.81% away from the stock's 200-day moving average which is $4.88. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 3.40, which implies that analysts are generally neutral in their outlook for PIR over the next year. Zacks Investment Research raised Pier 1 Imports from a "sell" rating to a "hold" rating in a report on Wednesday, August 30th.

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Shares of Pier 1 Imports, Inc. (NYSE:PIR) opened at $4.31 on Friday.

The company's quick ratio for most recent quarter is 0.4 along with current ratio for most recent quarter of 2.2. The stock has a market cap of $521.23 million, a price-to-earnings ratio of 27.23 and a beta of 1.72. Pier 1 Imports has a 52-week low of $3.96 and a 52-week high of $9.68.

Pier 1 Imports, Inc. most recently reported earnings per share (EPS) of -$0.05 for the August 2017 versus -$0.05 in the same quarter a year ago, representing 0% growth. The company's quarterly EPS surprised Wall Street by as much as -17% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

Peering into institutional ownership at Pier 1 Imports, Inc. It last reported revenues of $680.41 million and EPS of $0.38 for the July 2017, representing 3% top-line growth and 0.35 EPS growth. Pier 1 Imports's revenue for the quarter was up.4% compared to the same quarter last year. equities research analysts expect that Pier 1 Imports, Inc. will post 0.43 earnings per share for the current fiscal year. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Stockholders of record on Wednesday, October 18th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date of this dividend was Tuesday, October 17th. Pier 1 Imports's dividend payout ratio is presently 77.78%.

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