Pier 1 Imports, Inc. (PIR) Plans Quarterly Dividend of $0.07

Paterniano Del Favero
Agosto 13, 2017

The fund owned 25,000 shares of the specialty retailer's stock at the end of the second quarter. His roles and successes in his two most recent positions - CIO and head of e-commerce at IntegraCore, a global supply chain management company, and CIO and chief technology officer at online retailer Overstock.com - are a strong fit with Pier 1 Imports' growth strategy, James said.

Acadian Asset Management LLC decreased its position in shares of Pier 1 Imports, Inc. Vanguard Group Inc. now owns 7,304,924 shares of the specialty retailer's stock worth $52,303,000 after buying an additional 1,179,575 shares during the period. American Century Companies Inc. acquired a new position in shares of Pier 1 Imports during the first quarter valued at about $7,209,000. State Board of Administration of Florida Retirement System now owns 87,047 shares of the specialty retailer's stock valued at $623,000 after buying an additional 14,973 shares during the period. Acadian Asset Management LLC increased its stake in Pier 1 Imports by 199.2% in the first quarter.

04/28/2017 - Citigroup began new coverage on Pier 1 Imports, Inc. giving the company a "neutral" rating. Stratos Wealth Prtn invested in 20,000 shares or 0.01% of the stock. Alambic Investment Management L.P. purchased a new stake in shares of Pier 1 Imports during the first quarter valued at approximately $104,000. Pier 1 Imports has a 12 month low of $3.73 and a 12 month high of $9.68. (NYSE:PIR) tinted loss of -3.48% (-0.16 points) to US$4.44. Bank of Montreal Can now owns 173,048 shares of the specialty retailer's stock valued at $1,239,000 after buying an additional 170,821 shares in the last quarter. The company has a market capitalization of $355.94 million, a P/E ratio of 10.95 and a beta of 1.70. The firm has a 50-day moving average of $4.76 and a 200-day moving average of $6.09.

Pier 1 Imports (PIR) traded up 2.81% during trading on Friday, reaching $4.39. The specialty retailer reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. Los Angeles And Equity Rech Incorporated has invested 0% in Pier 1 Imports Inc (NYSE:PIR). The firm had revenue of $409.50 million for the quarter, compared to analyst estimates of $420.80 million. During the same quarter past year, the business posted ($0.07) EPS. The company's revenue for the quarter was down 2.1% on a year-over-year basis. On average, analysts anticipate that Pier 1 Imports, Inc. will post $0.47 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 6.56%. The ex-dividend date was Monday, July 17th. Pier 1 Imports's dividend payout ratio (DPR) is 68.29%.

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A number of analysts have commented on PIR shares. Telsey Advisory Group maintained the stock with "Market Perform" rating in Friday, September 25 report. Jefferies Group LLC reaffirmed a "hold" rating and set a $7.25 target price on shares of Pier 1 Imports in a report on Tuesday, April 18th. Loop Capital decreased their price objective on shares of Pier 1 Imports from $10.00 to $8.00 and set a "buy" rating for the company in a report on Wednesday. Oppenheimer Holdings, Inc. restated a "hold" rating on shares of Pier 1 Imports in a report on Thursday, April 13th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company's stock. Pier 1 Imports has a consensus rating of "Hold" and an average target price of $5.69.

NJ State Employees Deferred Compensation Plan's holdings in Pier 1 Imports were worth $130,000 as of its most recent filing with the SEC.

Pier 1 Imports, Inc is an importer of home decor and furniture. The Company's categories of merchandise include decorative accessories and furniture.

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