Revenue Update on Pier 1 Imports Inc(NYSE:PIR)

Pier 1 Imports Inc(NYSE:PIR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Apr 13, 2016. Company reported revenue of $542.33M. Analysts estimated a revenue of $524.27M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.21.

In a different note, Guggenheim Securities said it Initiates Coverage on Pier 1 Imports Inc, according to a research note issued on Mar 15, 2016. The shares have been rated ‘Neutral’ by the firm. On Feb 12, 2016, Oppenheimer said it Maintains its rating on Pier 1 Imports Inc. In the research note, the firm Lowers the price-target to $15.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jan 27, 2016, KeyBanc said it Downgrades its rating on Pier 1 Imports Inc. The shares have been rated ‘Sector Weight’ by the firm.

Pier 1 Imports Inc (PIR) made into the market gainers list on Fridays trading session with the shares advancing 1.16% or 0.08 points. Due to strong positive momentum, the stock ended at $6.99, which is also near the day’s high of $7.1. The stock began the session at $6.89 and the volume stood at 27,94,474 shares. The 52-week high of the shares is $13.66 and the 52 week low is $3.76. The company has a current market capitalization of $585 M and it has 8,36,68,036 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Apr 17, 2015, Gregory Humenesky (Exec Vice Pres/Human Resources) sold 20,000 shares at $13.32 per share price.Also, On Apr 17, 2015, Claire H Babrowski (director) purchased 2,000 shares at $13.24 per share price.On Jan 21, 2015, Michael R Benkel (Exec VP-Planning & Allocations) sold 10,000 shares at $16.16 per share price, according to the Form-4 filing with the securities and exchange commission.

Pier 1 Imports Inc. is a global 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 furniture home furnishings dining and kitchen goods candles gifts and other specialty items for the home. The Company operates approximately 984 stores in the United States 81 stores in Canada and an e-commerce Website. Its stores in the United States and Canada average approximately 9900 gross square feet which includes an average of approximately 7900 square feet of retail selling space. The stores are located in freestanding units near shopping centers or malls and in-line positions in shopping centers. It operates in all United States and Canadian metropolitan areas and in primary smaller markets. The Company’s categories of merchandise include decorative accessories and furniture.

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