Pier 1 Imports, Inc. (NYSE:PIR) Position Decreased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in Pier 1 Imports, Inc. (NYSE:PIR) by 1.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 35,848 shares of the specialty retailer’s stock after selling 533 shares during the period. Public Employees Retirement System of Ohio’s holdings in Pier 1 Imports were worth $257,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PIR. Trexquant Investment LP boosted its position in shares of Pier 1 Imports by 0.4% in the first quarter. Trexquant Investment LP now owns 73,572 shares of the specialty retailer’s stock worth $527,000 after buying an additional 272 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in shares of Pier 1 Imports by 1.0% in the first quarter. Dynamic Technology Lab Private Ltd now owns 64,496 shares of the specialty retailer’s stock worth $462,000 after buying an additional 644 shares during the last quarter. Ngam Advisors L.P. boosted its position in shares of Pier 1 Imports by 4.2% in the first quarter. Ngam Advisors L.P. now owns 40,567 shares of the specialty retailer’s stock worth $291,000 after buying an additional 1,631 shares during the last quarter. Sei Investments Co. boosted its position in shares of Pier 1 Imports by 3.9% in the first quarter. Sei Investments Co. now owns 62,149 shares of the specialty retailer’s stock worth $445,000 after buying an additional 2,334 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Pier 1 Imports by 5.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 53,468 shares of the specialty retailer’s stock worth $383,000 after buying an additional 2,561 shares during the last quarter. Institutional investors own 86.18% of the company’s stock.

Shares of Pier 1 Imports, Inc. (PIR) opened at 4.04 on Friday. The company’s 50-day moving average is $4.60 and its 200 day moving average is $5.97. The company has a market cap of $327.56 million, a price-to-earnings ratio of 10.07 and a beta of 1.70. Pier 1 Imports, Inc. has a 1-year low of $3.73 and a 1-year high of $9.68.

Pier 1 Imports (NYSE:PIR) last posted its earnings results on Wednesday, June 28th. The specialty retailer reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $409.50 million for the quarter, compared to the consensus estimate of $420.80 million. Pier 1 Imports had a net margin of 1.82% and a return on equity of 13.96%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) EPS. Equities analysts anticipate that Pier 1 Imports, Inc. will post $0.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend was Monday, July 17th. Pier 1 Imports’s dividend payout ratio (DPR) is 68.29%.

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A number of research firms have issued reports on PIR. Telsey Advisory Group decreased their price objective on shares of Pier 1 Imports from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Thursday, June 29th. Citigroup Inc. began coverage on shares of Pier 1 Imports in a research report on Friday, April 28th. They issued a “neutral” rating and a $7.00 price objective on the stock. BidaskClub cut shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Loop Capital decreased their price objective on shares of 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. Finally, Gordon Haskett began coverage on shares of Pier 1 Imports in a research report on Tuesday, May 9th. They issued a “reduce” rating and a $6.00 price objective on the stock. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $5.69.

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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