Price Target Update on Pier 1 Imports (NYSE:PIR)

Pier 1 Imports (NYSE:PIR) : The highest short term price target forecast on Pier 1 Imports (NYSE:PIR) is $12 and the lowest target price is $4. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $6.62 with a standard deviation of $2.31.

Other Equity analysts have also commented 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.

Pier 1 Imports (NYSE:PIR): stock turned positive on Thursday. Though the stock opened at $5.8, the bulls momentum made the stock top out at $5.94 level for the day. The stock recorded a low of $5.75 and closed the trading day at $5.84, in the green by 2.10%. The total traded volume for the day was 2,601,931. The stock had closed at $5.72 in the previous days trading.

The company shares have dropped -53.61% 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 $5.64 and the 200 Day Moving Average price is recorded at $5.57. 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.

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.

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