Pier 1 Imports Gets a Hold Rating from Jefferies

By Carrie Williams

In a report released yesterday, Daniel Binder from Jefferies reiterated a Hold rating on Pier 1 Imports (NYSE: PIR), with a price target of $7.25. The company’s shares opened today at $5.04.

According to TipRanks.com, Binder is a 4-star analyst with an average return of 7.1% and a 66.7% success rate. Binder covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Kar Auction Services Inc, and Lululemon Athletica Inc.

Pier 1 Imports has an analyst consensus of Hold, with a price target consensus of $6.94.

Based on Pier 1 Imports’ latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $528 million and quarterly net profit of $26.64 million. In comparison, last year the company earned revenue of $418 million and had a GAAP net loss of $6.02 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Pier 1 Imports, Inc. is engaged in providing 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.,000TF5-E