Oppenheimer Assigned a Hold Rating to Pier 1 Imports

By Ryan Adsit

In a report released today, Brian Nagel from Oppenheimer assigned a Hold rating to Pier 1 Imports (NYSE: PIR). The company’s shares opened today at $5.07.

According to TipRanks.com, Nagel is a 4-star analyst with an average return of 1.8% and a 47.0% success rate. Nagel covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Lumber Liquidators.

Pier 1 Imports has an analyst consensus of Hold, with a price target consensus of $3.50.

The company has a one year high of $7.70 and a one year low of $3.73. Currently, Pier 1 Imports has an average volume of 2.47M.

Based on the recent corporate insider activity of 320 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2015, Darla Ramirez, an Insider at PIR sold 5,000 shares for a total of $62,900.

Pier 1 Imports, Inc. engages in the provision of retail sales of decorative home furnishings, furniture, and gifts. Its products include decorative home furnishings, dining, kitchen goods, bath, bedding accessories, and specialty items for the home. The company was founded in 1962 and is headquartered in Fort Worth, TX.