Pier 1 Imports Inc (PIR) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Pier 1 Imports Inc (PIR) reported quarterly earnings results on Wednesday, Jun-29-2016. The company reported $-0.07 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.05. The company posted revenue of $418.40 million in the period, compared to analysts expectations of $420.11 million. The company’s revenue was down -4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Pier 1 Imports Inc. Pier 1 Imports Inc was Upgraded by Wolfe Research to ” Peer Perform” on Jun 23, 2016. Pier 1 Imports Inc was Initiated by Longbow to “Neutral” on Jun 16, 2016. Topeka Capital Markets Initiated Pier 1 Imports Inc on May 24, 2016 to “Buy”, Price Target of the shares are set at $12.

Pier 1 Imports Inc closed down -0.36 points or -6.32% at $5.34 with 54,84,548 shares getting traded on Monday. Post opening the session at $5.58, the shares hit an intraday low of $5.16 and an intraday high of $5.6 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Apr 17, 2015, Gregory Humenesky (Exec Vice Pres/Human Resources) sold 20,000 shares at $13.32 per share price. According to the SEC, 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.

Pier 1 Imports Inc

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