& Co Towle Buys 32,900 Shares of Pier 1 Imports Inc (PIR) Stock

Pier 1 Imports Inc (NYSE:PIR) major shareholder & Co Towle acquired 32,900 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $3.09 per share, with a total value of $101,661.00. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

& Co Towle also recently made the following trade(s):

  • On Thursday, February 8th, & Co Towle sold 2,190 shares of Pier 1 Imports stock. The stock was sold at an average price of $3.28, for a total transaction of $7,183.20.

Shares of Pier 1 Imports Inc (PIR) opened at $3.18 on Thursday. The company has a quick ratio of 0.61, a current ratio of 2.14 and a debt-to-equity ratio of 0.74. The firm has a market cap of $254.21, a P/E ratio of 8.97, a P/E/G ratio of -5.04 and a beta of 1.59. Pier 1 Imports Inc has a fifty-two week low of $2.87 and a fifty-two week high of $7.63.

Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings results on Wednesday, December 13th. The specialty retailer reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The company had revenue of $469.20 million during the quarter, compared to analyst estimates of $466.60 million. Pier 1 Imports had a net margin of 1.28% and a return on equity of 10.17%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. research analysts expect that Pier 1 Imports Inc will post 0.2 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 8.81%. The ex-dividend date was Tuesday, January 16th. Pier 1 Imports’s dividend payout ratio is currently 100.00%.

Institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas acquired a new stake in shares of Pier 1 Imports in the fourth quarter valued at approximately $109,000. Oppenheimer & Co. Inc. grew its holdings in Pier 1 Imports by 149.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 31,400 shares of the specialty retailer’s stock worth $132,000 after acquiring an additional 18,800 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Pier 1 Imports during the 4th quarter worth $133,000. Aperio Group LLC grew its holdings in Pier 1 Imports by 72.0% during the 3rd quarter. Aperio Group LLC now owns 34,231 shares of the specialty retailer’s stock worth $143,000 after acquiring an additional 14,334 shares during the period. Finally, Paradigm Capital Management Inc. NY acquired a new stake in Pier 1 Imports during the 3rd quarter worth $172,000. 76.70% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on PIR. Zacks Investment Research raised shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a report on Wednesday. Loop Capital set a $4.00 price objective on shares of Pier 1 Imports and gave the stock a “hold” rating in a report on Thursday, December 14th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Pier 1 Imports in a report on Thursday, January 25th. ValuEngine raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a report on Monday, December 11th. Finally, Gordon Haskett lowered shares of Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 price objective for the company. in a report on Thursday, December 14th. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.78.

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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.

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