Stocks of Pier 1 Imports (NYSE:PIR) rallied by 6.8% during the past week but lost 2.48% on a 4-week basis. The company has outperformed the S&P 500 by 8.08% in the past week but underperformed the index by 3.37% in the last 4 weeks.
Pier 1 Imports (NYSE:PIR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.26 and $5.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.50, notching a gain of 4.96% for the day. The total traded volume was 3,230,590 . The stock had closed at $5.24 on the previous day.
The company shares have dropped -54.20% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $13.28 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $5.76 and the 200 Day Moving Average price is recorded at $5.60.
On the companys insider trading activities, The officer (Exec Vice Pres/Human Resources), of Pier 1 Imports Inc/De, Humenesky Gregory had unloaded 20,000 shares at $13.32 per share in a transaction on April 16, 2015. The total value of transaction was $266,400. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Longbow Research initiates coverage on Pier 1 Imports (NYSE:PIR). The shares have now been rated Neutral by the stock experts at the ratings house. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 5.58% of Pier 1 Imports shares according to the proxy statements. Institutional Investors own 88.23% of Pier 1 Imports shares.
Pier 1 Imports, Inc. is a global importer of home decor and furniture. The Companys 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 9,900 gross square feet, which includes an average of approximately 7,900 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 Companys categories of merchandise include decorative accessories and furniture.