Pier 1 Imports (NYSE:PIR) Sees Strong Trading Volume

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Shares of Pier 1 Imports Inc (NYSE:PIR) saw an uptick in trading volume on Thursday . 910,873 shares were traded during mid-day trading, an increase of 290% from the previous session’s volume of 233,523 shares.The stock last traded at $8.13 and had previously closed at $6.58.

Separately, ValuEngine lowered Pier 1 Imports from a “strong-buy” rating to a “buy” rating in a report on Monday.

The stock has a market capitalization of $28.16 million, a PE ratio of -0.17 and a beta of 3.71. The company has a current ratio of 0.85, a quick ratio of 0.18 and a debt-to-equity ratio of 83.80. The stock has a 50 day moving average price of $7.90 and a 200-day moving average price of $4.97.

Pier 1 Imports (NYSE:PIR) last released its quarterly earnings results on Wednesday, September 25th. The specialty retailer reported ($23.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($15.88) by ($7.37). The firm had revenue of $304.59 million during the quarter. Pier 1 Imports had a negative return on equity of 714.34% and a negative net margin of 20.87%.

An institutional investor recently bought a new position in Pier 1 Imports stock. Kessler Investment Group LLC purchased a new position in Pier 1 Imports Inc (NYSE:PIR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 51,147 shares of the specialty retailer’s stock, valued at approximately $497,000. Kessler Investment Group LLC owned about 1.20% of Pier 1 Imports at the end of the most recent reporting period. Hedge funds and other institutional investors own 35.76% of the company’s stock.

Pier 1 Imports Company Profile (NYSE:PIR)

Pier 1 Imports, Inc engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios.

Further Reading: Analyzing a company’s cash flow statement

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