Pier 1 Imports, Inc. (PIR) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its holdings in Pier 1 Imports, Inc. (NYSE:PIR) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 980,665 shares of the specialty retailer’s stock after acquiring an additional 12,568 shares during the period. Northern Trust Corp owned about 1.16% of Pier 1 Imports worth $5,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in PIR. Vanguard Group Inc. lifted its position in shares of Pier 1 Imports by 19.3% in the first quarter. 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 in the last quarter. Teachers Advisors LLC lifted its position in shares of Pier 1 Imports by 794.7% in the first quarter. Teachers Advisors LLC now owns 1,289,958 shares of the specialty retailer’s stock valued at $9,236,000 after acquiring an additional 1,145,780 shares in the last quarter. Menta Capital LLC purchased a new position in shares of Pier 1 Imports in the second quarter valued at about $1,926,000. Nationwide Fund Advisors lifted its position in shares of Pier 1 Imports by 75.5% in the second quarter. Nationwide Fund Advisors now owns 483,243 shares of the specialty retailer’s stock valued at $2,508,000 after acquiring an additional 207,857 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Pier 1 Imports by 16.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,269,800 shares of the specialty retailer’s stock valued at $9,092,000 after acquiring an additional 175,463 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Shares of Pier 1 Imports, Inc. (NYSE PIR) opened at $4.51 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.43 and a current ratio of 2.23. Pier 1 Imports, Inc. has a 52 week low of $3.96 and a 52 week high of $9.67. The firm has a market capitalization of $368.67, a P/E ratio of 9.04, a price-to-earnings-growth ratio of -10.00 and a beta of 1.79.

Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Wednesday, September 27th. The specialty retailer reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Pier 1 Imports had a return on equity of 13.82% and a net margin of 1.61%. The company had revenue of $407.61 million for the quarter, compared to analysts’ expectations of $406.32 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. equities analysts predict that Pier 1 Imports, Inc. will post 0.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 18th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, October 17th. This represents a $0.28 annualized dividend and a yield of 6.21%. Pier 1 Imports’s payout ratio is currently 77.78%.

PIR has been the topic of several research analyst reports. BidaskClub upgraded Pier 1 Imports from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Loop Capital lowered their price objective on Pier 1 Imports from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Pier 1 Imports from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. ValuEngine downgraded Pier 1 Imports from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $5.90 price objective on shares of Pier 1 Imports in a research report on Sunday, September 3rd. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. Pier 1 Imports currently has an average rating of “Hold” and a consensus price target of $5.01.

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Pier 1 Imports Company 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.

Institutional Ownership by Quarter for Pier 1 Imports (NYSE:PIR)

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