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.
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.
TRADEMARK VIOLATION WARNING: This piece was reported by Markets Daily and is the property of of Markets Daily. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.themarketsdaily.com/2018/02/15/co-towle-buys-32900-shares-of-pier-1-imports-inc-pir-stock.html.
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.
Receive News & Ratings for Pier 1 Imports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports and related companies with MarketBeat.com's FREE daily email newsletter.