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PIR $3.56

PIR target price
3.56
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Pier 1 Imports Inc.
Type
Public
Traded as NYSE: PIR
Industry E-commerce, Retail
Founded 1962; 55 years ago (1962)
San Mateo, California, U.S.
Headquarters Fort Worth, Texas, U.S.
Key people
Alasdair James, CEO
Jeff Boyer, CFO
Products Furniture
Revenue US$1.86 billion
Number of employees
17,000
Website www.pier1.com

Pier 1 Imports Inc. is a Fort Worth, Texas–based omnichannel retailer specializing in imported home furnishings and decor, particularly furniture, table-top items, decorative accessories, and seasonal decor. It is publicly traded on the New York Stock Exchange under ticker PIR. According to its investor relations website, "Our image is quirky, and our logo is iconic" and describes itself as "ever-original, ever-evolving".

The first Pier 1 Imports store opened in San Mateo, California, in 1962. According to the company's official history, the original store catered to hippy baby boomers and featured love beads and incense.

By 1966, Pier 1 had grown to 16 store locations, and established its corporate headquarters in Fort Worth, Texas.

Pier 1 went public on the American Stock Exchange in 1970 and later joined the New York Stock Exchange in 1972. At this time, the company had grown to 123 stores, posted 100 percent sales gains for four consecutive years, and opened stores internationally in Australia and Europe. A Pier 1 store in Royal Oak, Michigan, reached annual sales of $1 million in 1979. By 1985, the Pier 1 chain grew to 265 stores, with the management goal of doubling that number by 1990.

On December 29, 2006, Standard & Poor's bumped Pier 1 Imports Inc. down one spot and off the bottom of the S&P MidCap 400 Index when it added Parametric Technology Corp. (NASDAQ: PMTC), a software company. As of December 2012 the company had sales of $418 million.

In April 2008 Chesapeake Energy bought the headquarters of Pier 1 for $104 million.

A Pier 1 Imports store in Oregon

A Pier 1 Imports store, Pittsfield Twp., MI

Pier 1 Headquarters

The chain operates over 1,000 stores under the name Pier 1 Imports in the United States and Canada. The company also had a children's furniture and accessories retail concept in the United States called Pier 1 Kids which was disbanded in September 2007. It was a member of the S&P MidCap 400 list through the end of 2006, when it was bumped off the list.

Pier 1 Imports also owned a chain of home-decor retailers (40 locations as of February 2006) in the United Kingdom called "The Pier" until it was sold to Palli Limited, a subsidiary of the Iceland-based Lagerinn ehf in March 2006 for approximately $15 million. This chain went into Administration in December 2008 and was finally closed in January 2009.

Pier 1 merchandise consists of home furnishings and items including accessories such as candles, vases, and picture frames as well as full-sized upholstered furniture, hand-carved armoires, large-scale vases and eclectic wall décor. Items are imported, created in conjunction with foreign designers, or produced by Pier 1's Trend and Product Development team.

Pier 1 has been a corporate partner of the U.S. Fund for UNICEF since 1985—its longest-running corporate partnership—generating more than $42 million by selling UNICEF greeting cards, cause marketing, and emergency relief for Afghanistan, Haiti, and Iraq, as well as areas affected by the Indian Ocean tsunami.

Former spokespeople for the company, seen largely in broadcast commercials, include Cheers alumna Kirstie Alley and Thom Filicia of Queer Eye for the Straight Guy.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2019 2019-09-25 0.00 -24.29
Q1 2019 2019-06-26 0.00 -20.00
Q4 2018 2019-04-17 0.00 -17.00
Q3 2018 2018-12-19 0.00 -12.40
Q2 2018 2018-10-03 0.00 -12.60

Ratings

2016-06-30 Reiterated Rating Bank of America Sell
2016-06-30 Reiterated Rating Credit Suisse Hold
2016-06-30 Reiterated Rating Raymond James Buy
2016-06-30 Reiterated Rating BTIG Research Neutral
2016-06-30 Reiterated Rating Wedbush Neutral $6.00 to $5.00
2016-06-30 Lower Price Target Telsey Advisory Group Market Perform $6.00 to $5.00
2016-06-30 Reiterated Rating Bank of America Corp. Sell
2016-06-30 Reiterated Rating Credit Suisse Group AG Hold
2016-06-30 Reiterated Rating Raymond James Financial Inc. Buy $9.00 to $8.00
2016-06-26 Initiated Coverage Deutsche Bank Sell $5.50
2016-06-26 Initiated Coverage Deutsche Bank AG Sell $5.50
2016-06-22 Upgrade Wolfe Research Underperform to Peer Perform
2016-06-16 Initiated Coverage Longbow Research Neutral
2016-06-02 Initiated Coverage BTIG Research Neutral
2016-05-29 Initiated Coverage Topeka Capital Markets Buy $12.00 to $5.48
2016-05-23 Initiated Coverage Topeka Capital Markets Buy $12.00
2016-05-03 Reiterated Rating Argus Hold
2016-04-16 Reiterated Rating Morgan Stanley Underweight $4.00
2016-04-14 Reiterated Rating Bank of America Sell
2016-04-14 Reiterated Rating Credit Suisse Hold
2016-04-11 Reiterated Rating Wedbush Neutral $6.00
2016-04-11 Reiterated Rating Telsey Advisory Group Market Perform $5.00 to $6.00
2016-04-09 Reiterated Rating Deutsche Bank Sell
2016-03-15 Initiated Coverage Guggenheim Neutral
2016-03-08 Reiterated Rating Wedbush Neutral $4.00 to $6.00
2016-02-26 Initiated Coverage Wolfe Research Underperform $4.00
2016-02-13 Reiterated Rating Oppenheimer Buy
2016-02-13 Reiterated Rating Oppenheimer Holdings Inc. Buy
2016-02-12 Lower Price Target Oppenheimer Outperform $15.00 to $6.00
2016-01-26 Reiterated Rating Telsey Advisory Group Market Perform
2015-12-17 Lower Price Target Wedbush Neutral $8.00 to $4.00
2015-12-17 Lower Price Target SunTrust Neutral $8.00 to $7.00
2015-12-17 Lower Price Target Nomura Buy $14.00 to $10.00
2015-12-17 Lower Price Target Jefferies Group Hold $7.50 to $5.75
2015-12-17 Reiterated Rating Credit Suisse Neutral $7.00 to $5.00
2015-12-17 Downgrade Cantor Fitzgerald Buy to Hold $13.00 to $5.00
2015-12-17 Downgrade Deutsche Bank Hold to Sell $6.00 to $3.50
2015-12-17 Downgrade Johnson Rice Accumulate to Hold
2015-12-17 Lower Price Target SunTrust Banks Inc. Neutral $8.00 to $7.00
2015-12-17 Lower Price Target Nomura Holdings Inc. Buy $14.00 to $10.00
2015-12-16 Reiterated Rating Telsey Advisory Group Hold
2015-12-15 Lower Price Target Telsey Advisory Group Market Perform $10.00 to $7.00
2015-12-13 Reiterated Rating Bank of America Underperform $6.50 to $5.00
2015-12-11 Downgrade Credit Suisse Outperform to Neutral $9.50 to $7.00
2015-11-02 Lower Price Target Wedbush $16.00 to $13.50
2015-11-02 Lower Price Target Raymond James Strong-Buy $20.00 to $17.00
2015-11-02 Downgrade Oppenheimer Market Perform
2015-11-02 Lower Price Target Morgan Stanley Equal Weight $18.00 to $13.00
2015-11-02 Lower Price Target KeyBanc Buy $19.00 to $18.00
2015-11-02 Lower Price Target Credit Suisse Outperform $21.00 to $14.00
2015-11-02 Lower Price Target Barclays Equal Weight $14.00 to $11.00
2015-11-02 Lower Price Target KeyCorp Buy $19.00 to $18.00
2015-11-02 Lower Price Target Barclays PLC Equal Weight $14.00 to $11.00
2015-10-08 Initiated Coverage Jefferies Group Hold $7.50
2015-09-28 Boost Price Target Deutsche Bank Hold $8.00 to $12.00
2015-09-27 Lower Price Target Wedbush Neutral $9.50 to $8.00
2015-09-26 Reiterated Rating Telsey Advisory Group Hold
2015-09-26 Reiterated Rating Oppenheimer Buy
2015-09-25 Lower Price Target Bank of America Underperform $11.00 to $6.50
2015-09-25 Reiterated Rating SunTrust Neutral $15.00 to $10.00
2015-09-25 Lower Price Target KeyBanc Overweight $16.00 to $15.00
2015-09-25 Lower Price Target Credit Suisse Outperform $14.00 to $9.50
2015-09-25 Reiterated Rating Cantor Fitzgerald Buy $16.00 to $13.00
2015-09-25 Lower Price Target Oppenheimer Outperform $20.00 to $15.00
2015-09-25 Boost Price Target Credit Agricole Outperform $9.50 to $14.00
2015-09-25 Lower Price Target Telsey Advisory Group Market Perform $13.00 to $10.00
2015-09-25 Boost Price Target Credit Agricole SA Outperform $9.50 to $14.00
2015-09-22 Reiterated Rating Deutsche Bank Hold $12.00 to $8.00
2015-09-21 Reiterated Rating Wedbush Neutral $9.50
2015-09-02 Reiterated Rating Wedbush Neutral $12.00 to $9.50
2015-07-14 Initiated Coverage Longbow Research Buy $16.00
2015-06-25 Downgrade Wolfe Research Peer Perform to Underperform
2015-06-18 Reiterated Rating Oppenheimer Outperform $20.00
2015-06-18 Reiterated Rating Cantor Fitzgerald Buy $16.00
2015-06-18 Downgrade Wedbush Outperform to Neutral $12.00
2015-06-15 Set Price Target Deutsche Bank Hold $12.00
2015-06-01 Downgrade Wedbush Outperform to Neutral $16.00 to $12.00
2015-05-27 Initiated Coverage Cantor Fitzgerald Buy $17.00
2015-04-01 Downgrade Morgan Stanley Equal Weight to Underweight $13.00 to $11.00
2015-03-20 Upgrade Oppenheimer Market Perform to Outperform $20.00
2015-02-11 Lower Price Target Barclays Equal Weight $14.00 to $11.00
2015-02-11 Lower Price Target Deutsche Bank Hold $17.00 to $12.00
2015-02-11 Downgrade Oppenheimer Outperform to Market Perform $20.00 to $13.00
2015-02-11 Lower Price Target Telsey Advisory Group Market Perform $17.00 to $13.00
2015-02-11 Downgrade Johnson Rice Buy to Accumulate
2015-01-26 Upgrade Oppenheimer Market Perform to Outperform $13.00 to $20.00
2015-01-09 Upgrade Credit Suisse Neutral to Outperform $15.00 to $21.00
2015-01-08 Boost Price Target Telsey Advisory Group Hold $16.00 to $17.00
2014-12-22 Initiated Coverage Johnson Rice Overweight
2014-12-19 Reiterated Rating Credit Suisse Hold $13.00 to $15.00
2014-12-19 Boost Price Target Deutsche Bank Hold $15.00 to $17.00
2014-12-19 Set Price Target Nomura Buy $19.00
2014-12-19 Boost Price Target Telsey Advisory Group Market Perform $15.00 to $16.00
2014-11-25 Initiated Coverage Wolfe Research Market Perform
2014-10-01 Initiated Coverage Credit Suisse Neutral $18.00 to $13.00
2014-09-30 Initiated Coverage Wedbush Outperform to Neutral $13.00
2014-09-19 Reiterated Rating Bank of America Underperform $13.00 to $12.00
2014-09-18 Lower Price Target Telsey Advisory Group Market Perform $17.00 to $15.00
2014-09-18 Downgrade BB&T Capital Mkts Buy to Hold
2014-09-18 Reiterated Rating Nomura Buy $22.00 to $19.00
2014-09-18 Reiterated Rating SunTrust Neutral $16.00 to $18.00
2014-09-18 Downgrade Oppenheimer Outperform to Market Perform
2014-09-18 Reiterated Rating Deutsche Bank Hold $18.00 to $15.00
2014-09-18 Downgrade Argus Buy to Hold
2014-09-18 Reiterated Rating Morgan Stanley Equal Weight $16.00 to $14.50
2014-09-18 Downgrade BB&T Corp. Buy to Hold
2014-09-18 Lower Price Target Barclays Overweight to Equal Weight $18.00 to $14.00
2014-09-18 Downgrade Wells Fargo & Co. Outperform to Market Perform $16.00 to $14.50
2014-09-18 Downgrade Wells Fargo Outperform to Market Perform $16.00 to $14.50
2014-08-14 Lower Price Target Oppenheimer Outperform $22.00 to $19.00
2014-07-25 Reiterated Rating Barclays Overweight $23.00 to $18.00
2014-07-16 Initiated Coverage Nomura Buy $22.00
2014-06-24 Initiated Coverage Morgan Stanley Equal Weight $16.00
2014-06-20 Lower Price Target Telsey Advisory Group Not Rated $22.00 to $20.00
2014-06-20 Lower Price Target Raymond James Strong-Buy $24.00 to $22.00
2014-06-20 Lower Price Target Wedbush Outperform $21.00 to $20.00
2014-06-20 Lower Price Target SunTrust Neutral $20.00 to $18.00
2014-06-20 Lower Price Target Argus Buy $23.00 to $21.00
2014-06-20 Downgrade Deutsche Bank Buy to Hold $24.00 to $18.00
2014-06-02 Initiated Coverage Barrington Research Market Perform
2014-04-15 Upgrade Barclays Equal Weight to Overweight $19.00 to $23.00
2014-04-11 Lower Price Target Raymond James $27.00 to $24.00
2014-04-11 Lower Price Target Wedbush $22.00 to $21.00
2014-04-11 Reiterated Rating Argus Buy $25.00 to $23.00
2014-04-08 Lower Price Target SunTrust $24.00 to $21.00
2014-02-28 Lower Price Target Telsey Advisory Group Not Rated $24.00 to $22.00
2014-02-28 Downgrade Bank of America Buy to Underperform
2014-02-28 Downgrade Credit Suisse Outperform to Neutral
2013-12-13 Initiated Coverage SunTrust Neutral $20.74 to $0.10
2013-10-17 Reiterated Rating Argus Buy $26.00 to $20.15
2013-09-22 Lower Price Target Deutsche Bank $1.29 to $1.24
2013-09-20 Lower Price Target Telsey Advisory Group Not Rated $27.00 to $26.00
2013-09-20 Lower Price Target Wedbush Outperform $27.00 to $25.00
2013-09-20 Lower Price Target KeyBanc Buy $26.00 to $24.00
2013-09-20 Lower Price Target Barclays Equal Weight $24.00 to $20.00
2013-09-20 Reiterated Rating Jefferies Group Buy
2013-09-20 Upgrade Credit Suisse Neutral to Outperform $25.00
2012-12-14 Reiterated Deutsche Bank Buy $25 to $23
2012-10-05 Reiterated Oppenheimer Outperform $20 to $25
2012-04-09 Reiterated Longbow Buy $19 to $21
2012-03-05 Reiterated Oppenheimer Outperform $17 to $20
2012-01-11 Initiated Argus Hold
2016-06-30 Reiterated Rating Bank of America Sell
2016-06-30 Reiterated Rating Credit Suisse Hold
2016-06-30 Reiterated Rating Raymond James Buy
2016-06-30 Reiterated Rating BTIG Research Neutral
2016-06-30 Reiterated Rating Wedbush Neutral $6.00 to $5.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
TOWLE & CO 9.58%  (8764725) ANW / DEST / PIR /
JAMES ALASDAIR President & CEO 0.67%  (610290) PIR /
SMITH ALEX President & CEO 0.64%  (581558) PIR / TUMI / VSI /
DAVID CATHERINE Exec. Vice Pres.-Merchandising 0.41%  (377007) PIR /
LONDON TERRY E 0.41%  (374253) JOUT / PIR /
Benkel Michael R Exec VP-Planning & Allocations 0.35%  (317809) PIR /
Carter Michael A SVP - Compliance & Gen Counsel 0.34%  (308128) PIR /
COFFEY LAURA A Sr. Vice President - Planning 0.21%  (189295) PIR /
Walsh Nancy A Executive Vice President & CFO 0.20%  (182481) BONT / PIR /
Shah Bhargav J Sr. Vice President - CIO 0.19%  (173757) OSTK / PIR /
Laudato Andrew SVP-Chief Information Officer 0.16%  (143115) PIR /
BACHELDER CHERYL A 0.15%  (141186) PIR / PLKI /
TURNER CHARLES H Sr. Exec. Vice President & CFO 0.13%  (123190) PIR /
PEEL MICHAEL A 0.13%  (122754) PIR / SCSS /
DODDS HAMISH 0.13%  (122257) PIR / PLAY /
BABROWSKI CLAIRE H 0.09%  (84634) PIR /
Humenesky Gregory Exec Vice Pres/Human Resources 0.09%  (79197) PIR /
HOFFMAN BRENDAN 0.08%  (77758) BONT / PIR / VNCE /
McCague Cynthia 0.07%  (65916) MWW / PIR /
SARDINI ANN 0.06%  (58552) PIR / THS /
RAMIREZ DARLA D Principal Accounting Officer 0.06%  (50809) PIR /
HUNTER ERIC W Exec. Vice Pres - Marketing 0.05%  (49477) PIR /
Leite Sharon M EVP - Sales & Cust. Experience 0.05%  (44634) PIR / SBH /
BOYER JEFFREY N Executive Vice President & CFO 0.02%  (19454) FOSL / PIR / TUES /