Alden 'Disappointed' in Pier 1 Imports' (PIR) Adoption of 10% Poison Pill
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Jefferies Raises price Target on Pier 1 Imports (PIR) Following 2Q Report
September 29, 2016 8:49 AM EDTJefferies reiterated a Hold rating on Pier 1 Imports (NYSE: PIR), and raised the price target to $4.50 (from $4.25), following the company's 2Q earnings report. Merchandise margins were in line with guidance on a more balanced promotional posture and improved distribution center efficiency.
Analyst... More
Pier 1 Imports (PIR) Declares $0.07 Quarterly Dividend; 6.6% Yield
September 28, 2016 4:23 PM EDTPier 1 Imports (NYSE: PIR) declared a quarterly dividend of $0.07 per share, or $0.28 annualized.
The dividend will be payable on November 2, 2016, to stockholders of record on October 19, 2016, with an ex-dividend date of October 17, 2016.
The annual yield on the dividend is 6.6 percent.
For... More
Pier 1 Imports (PIR) Adopts 'Poison Pill' Provision
September 27, 2016 5:02 PM EDTPier 1 Imports, Inc. (NYSE: PIR) announced today that its Board of Directors has adopted a Shareholder Rights Protection Agreement ("Rights Agreement") effective September 27, 2016, and declared a dividend of one right (a Right) on each outstanding share of the Company's common stock, payable to holders of record as of the close of business on October 7, 2016.
Terry E. London, Chairman, stated, The board feels it is important to ensure that all shareholders have the opportunity to realize the long-term value of the iconic Pier 1 Imports brand, and to guard against coercive or unfair tactics to gain... More