Updated Pier 1 Imports logo
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|
Type
|
Public |
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Traded as | NYSE: PIR |
Industry | E-commerce, Retail |
Founded | 1962 (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.
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
In PIR 23 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Fund Advisors | 2.69M |
BlackRock Institutional Trust Company, N.A. | 2.10M |
Numeric Investors LLC | 0.58M |
CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. | 0.54M |
RUSSELL FRANK CO/ | 0.43M |
BlackRock Investment Management, LLC | 0.34M |
MANAGED ACCOUNT ADVISORS LLC | 0.30M |
Hutchin Hill Capital, LP | 0.22M |
KCG Holdings, Inc. | 0.16M |
PEAK6 Investments, L.P. | 0.13M |
CATAPULT CAPITAL MANAGEMENT LLC | 80000 |
Red Alder LLC | 72281 |
AHL Partners LLP | 70907 |
BlackRock Group LTD | 64969 |
I.G. INVESTMENT MANAGEMENT, LTD. | 49157 |
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 / |