Pier 1 Imports, Inc. Reports Third Quarter Fiscal Year 2016 Financial Results

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Go back to Pier 1 Imports, Inc. Reports Third Quarter Fiscal Year 2016 Financial Results

Wedbush Cuts Price Target on Pier 1 Imports (PIR) to $4 Following a Weak 3Q

December 17, 2015 8:40 AM EST

Wedbush maintained a Neutral rating on Pier 1 Imports (NYSE: PIR), and cut the price target to $4.00 (from $8.00), following the company's 3Q earnings report. Comps declined 0.7% vs. our slightly positive view and consensus 2.2%, driven by an estimated 7% decline of in-store POS sales and 26% growth in e-commerce sales... More

Deutsche Bank Downgrades Pier 1 Imports (PIR) to Sell

December 17, 2015 6:57 AM EST

Deutsche Bank downgraded Pier 1 Imports (NYSE: PIR) from Hold to Sell with a price target of $3.50. Analyst Adam Sindler called Q3 results troubling.

"While PIR made EPS, sales and comps turned negative in the quarter which is a major red flag in our view.... More

Pier 1 Imports (PIR) Tops Q3 EPS by 2c; Cuts FY16 Outlook

December 16, 2015 4:18 PM EST

Pier 1 Imports (NYSE: PIR) reported Q3 EPS of $0.13, $0.02 better than the analyst estimate of $0.11. Revenue for the quarter came in at $472.5 million versus the consensus estimate of $492.82 million.

Company comparable sales decreased 0.7% (a 0.5% increase on a constant currency basis) as compared to... More