Wedbush Reiterated Pier 1 Imports, Inc. (NYSE:PIR) As ‘Neutral’

Pier 1 Imports, Inc.is an importer of home decor and furniture. (NYSE:PIR) shares reached a new 52-week high on Thursday after the company announced better than expected quarterly earnings. (NYSE:PIR) [Trend Analysis] shows fluctuation in active trade, on Wednesday shares reduced -0.46% to $6.48. On Thursday, June 30 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. 1 Month Ago, the stock has been recommended as Buy from 15 and 0 suggested Sell for the stock. (NYSE:PIR) went up 26.02% during trading on 12/15/2016, with the company’s shares hitting the price near $8.17.

“In our view, the true test will be in 2017, once Pier 1 has fully anniversaried the disruption from 2014/2015, and the benefits from its recent cost-cutting program”, analysts wrote in a Thursday note.

According to 17 analysts, the Average Revenue Estimate for the current Fiscal quarter is $526.76 Million and the Low Revenue estimate is $510 Million, while the High Revenue estimate is $536.7 Million. Pier 1 Imports Inc (NYSE:PIR) has risen 17.39% since May 12, 2016 and is uptrending. In September, the company adopted a poison-pill measure after activist investor Alden Global took a 9.5% stake.

On 1/5/2015 Charles H Turner, CFO, sold 3,000 with an average share price of $15.00 per share and the total transaction amounting to $45,000.00.

Earnings per share of $0.17 and adjusted earnings per share of $0.22 compared to earnings per share of $0.13 in the third quarter of fiscal 2016.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Pier 1 Imports, Inc. The High Revenue estimate is predicted as 538.3 Million, while the Low Revenue Estimate prediction stands at 518.74 Million. (PIR) reported third quarter EPS of $0.22 after the close Wednesday, up from $0.13 in the prior year period. The company’s 5 year Earnings per share growth and Capital Spending growth remains at -11.44 and 10.78. The average forecast of sales for the year ending Dec 16 is $1.17B by 15 analysts. Ny State Common Retirement Fund holds 0% of its portfolio in Pier 1 Imports Inc (NYSE:PIR) for 77,000 shares. Aqr Mngmt Ltd Com last reported 263,070 shares in the company.

First Data Corporation (NYSE:FDC) [Trend Analysis] tries to capture market sentiments, shares plunged -2.80% to $14.21. The analysts believe that the company stock price could grow as high as $8.5. (NYSE:PIR) now has P/E (Price to Earnings) ratio of 27.78 while the company’s industry has 22.82 P/E and the sector P/E is 26.3.

Pier 1 Imports, Inc. has 80,436,000 shares now held by shareholders which now trade around the 6.48 mark which totals Pier 1 Imports, Inc.’s market capitalisation to 521.23M United States dollars. As far as the returns are concern, the return on equity was recorded as 7.20% and return on investment was 10.60% while its return on asset stayed at 2.30%. The company now has a Return on Equity of 7.20% and Return on Investment of 10.60%. (NYSE:PIR)’s performance this year to date is 34.79%. The company has Beta Value of 1.77 and ATR value of 0.49.