Pier 1 Imports Inc (NYSE:PIR) Institutional Investor Positioning

July 22, 2018 - By Kyle Williams

Pier 1 Imports, Inc. (NYSE:PIR) Logo

Sentiment for Pier 1 Imports Inc (NYSE:PIR)

Pier 1 Imports Inc (NYSE:PIR) institutional sentiment decreased to 0.62 in 2018 Q1. Its down -0.49, from 1.11 in 2017Q4. The ratio fall, as 48 active investment managers started new or increased positions, while 77 sold and trimmed positions in Pier 1 Imports Inc. The active investment managers in our partner’s database reported: 60.44 million shares, down from 63.61 million shares in 2017Q4. Also, the number of active investment managers holding Pier 1 Imports Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 23 Reduced: 54 Increased: 31 New Position: 17.

Pier 1 Imports, Inc. engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. The company has market cap of $172.28 million. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios. It currently has negative earnings. As of February 25, 2017, the Company operated 941 stores in the United States and 77 stores in Canada It also operates e-Commerce Website, pier1.com.

The stock decreased 1.82% or $0.04 during the last trading session, reaching $2.16. About 493,396 shares traded. Pier 1 Imports, Inc. (NYSE:PIR) has declined 53.70% since July 22, 2017 and is downtrending. It has underperformed by 66.27% the S&P500.

Analysts await Pier 1 Imports, Inc. (NYSE:PIR) to report earnings on September, 26. They expect $-0.56 EPS, down 1,020.00 % or $0.51 from last year’s $-0.05 per share. After $-0.36 actual EPS reported by Pier 1 Imports, Inc. for the previous quarter, Wall Street now forecasts 55.56 % negative EPS growth.

Towle & Co holds 2.99% of its portfolio in Pier 1 Imports, Inc. for 8.77 million shares. Lucus Advisors Llc owns 72,281 shares or 0.4% of their US portfolio. Moreover, Contrarius Investment Management Ltd has 0.32% invested in the company for 2.07 million shares. The New York-based Paradigm Capital Management Inc Ny has invested 0.28% in the stock. Aristotle Capital Boston Llc, a Massachusetts-based fund reported 1.53 million shares.

Since January 1, 0001, it had 6 insider buys, and 1 sale for $67,552 activity.

Pier 1 Imports, Inc. (NYSE:PIR) Ratings Coverage

Ratings analysis reveals 0 of Pier 1 Imports’s analysts are positive. Out of 5 Wall Street analysts rating Pier 1 Imports, 0 give it “Buy”, 2 “Sell” rating, while 3 recommend “Hold”. The lowest target is $2.25 while the high is $3.1. The stock’s average target of $2.65 is 22.69% above today’s ($2.16) share price. PIR was included in 5 notes of analysts from April 19, 2018. The firm has “Underweight” rating by Morgan Stanley given on Friday, April 20. On Monday, April 23 the stock rating was downgraded by Raymond James to “Sell”. Citigroup maintained the stock with “Neutral” rating in Thursday, June 28 report. The stock of Pier 1 Imports, Inc. (NYSE:PIR) earned “Hold” rating by Jefferies on Thursday, April 19. As per Friday, June 29, the company rating was maintained by Wedbush.

More news for Pier 1 Imports, Inc. (NYSE:PIR) were recently published by: Investorplace.com, which released: “These 4 Penny Stocks May Very Well Be Worth the Risk” on July 19, 2018. Seekingalpha.com‘s article titled: “Stocks To Watch: More Trade Tiffs And Stress Tests” and published on June 23, 2018 is yet another important article.

Pier 1 Imports, Inc. (NYSE:PIR) Institutional Positions Chart

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