Schwab Charles Investment Management Inc. grew its position in Pier 1 Imports Inc (NYSE:PIR) by 6.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,439,380 shares of the specialty retailer’s stock after buying an additional 82,983 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Pier 1 Imports were worth $6,032,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its stake in Pier 1 Imports by 149.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 31,400 shares of the specialty retailer’s stock worth $132,000 after purchasing an additional 18,800 shares during the period. Aperio Group LLC boosted its stake in Pier 1 Imports by 72.0% in the 3rd quarter. Aperio Group LLC now owns 34,231 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 14,334 shares during the period. Paradigm Capital Management Inc. NY acquired a new position in Pier 1 Imports in the 3rd quarter worth $172,000. SG Americas Securities LLC acquired a new position in Pier 1 Imports in the 2nd quarter worth $178,000. Finally, Public Employees Retirement System of Ohio boosted its stake in Pier 1 Imports by 4.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 37,431 shares of the specialty retailer’s stock worth $194,000 after purchasing an additional 1,583 shares during the period. 77.92% of the stock is owned by institutional investors.
Shares of Pier 1 Imports Inc (NYSE:PIR) opened at $4.24 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.61 and a current ratio of 2.14. Pier 1 Imports Inc has a 52-week low of $3.96 and a 52-week high of $9.22. The company has a market cap of $355.27, a PE ratio of 14.62, a price-to-earnings-growth ratio of -7.07 and a beta of 1.86.
Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings results on Wednesday, December 13th. The specialty retailer reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Pier 1 Imports had a return on equity of 10.17% and a net margin of 1.28%. The business had revenue of $469.20 million for the quarter, compared to the consensus estimate of $466.60 million. During the same period last year, the firm earned $0.22 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. sell-side analysts anticipate that Pier 1 Imports Inc will post 0.2 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $0.28 annualized dividend and a yield of 6.60%. Pier 1 Imports’s dividend payout ratio (DPR) is presently 96.55%.
PIR has been the subject of a number of research analyst reports. ValuEngine raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Zacks Investment Research raised shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Loop Capital lowered shares of Pier 1 Imports from a “buy” rating to a “hold” rating and reduced their target price for the stock from $8.00 to $4.00 in a research note on Thursday, September 28th. Gordon Haskett cut shares of Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 price target on the stock. in a research report on Thursday, December 14th. Finally, UBS Group reissued a “sell” rating and set a $3.50 price target (down from $4.00) on shares of Pier 1 Imports in a research report on Saturday, September 30th. Eight equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $4.78.
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Pier 1 Imports Profile
Pier 1 Imports, Inc is an importer of home decor and furniture. 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. The Company’s categories of merchandise include decorative accessories and furniture.
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