Short Term Price Target on Pier 1 Imports (PIR)

Pier 1 Imports (NYSE:PIR) : The most positive equity analysts on Pier 1 Imports (NYSE:PIR) expects the shares to touch $12, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $6.62 with an expected fluctuation of $2.31 from the mean.

Pier 1 Imports, Inc. has lost 11.99% in the last five trading days and dropped 7.55% in the last 4 weeks. Pier 1 Imports, Inc. has dropped 25.6% during the last 3-month period . Year-to-Date the stock performance stands at 3.71%. Also, Brokerage firm Wolfe Research upgrades its rating on Pier 1 Imports (NYSE:PIR). The shares have been rated Peer Perform. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on June 22, 2016.

Pier 1 Imports (NYSE:PIR) : Zacks Investment Research ranks Pier 1 Imports (NYSE:PIR) as 4, which is a Sell recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.88, which indicates as a Hold.

Pier 1 Imports (NYSE:PIR): The stock opened at $5.00 on Thursday but the bulls could not build on the opening and the stock topped out at $5.23 for the day. The stock traded down to $4.89 during the day, due to lack of any buying support eventually closed down at $5.14 with a loss of -5.51% for the day. The stock had closed at $5.44 on the previous day. The total traded volume was 11,520,796 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Humenesky Gregory, officer (Exec Vice Pres/Human Resources) of Pier 1 Imports Inc/De, had unloaded 20,000 shares at an average price of $13.32 in a transaction dated on April 16, 2015. The total value of the transaction was worth $266,400.

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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