Pier 1 Imports (PIR) Tops Q3 EPS by 10c; Guides Above the Street

Jefferies Raises Price Target on Pier 1 Imports (PIR) to $7.25 Following 3Q Report

Jefferies reiterated a Hold rating on Pier 1 Imports (NYSE: PIR), and raised the price target to $7.25 (from $4.50), following the company's 3Q earnings report. PIR generated strong topline results with comps of +1.8% exceeding Street expectations of -1.1%.

Analyst Daniel Binder commented, "The Q3 EPS beat... More

UBS Reiterates Sell on Pier 1 Imports (PIR) Following 3Q EPS BEat

UBS reiterated a Sell rating on Pier 1 Imports (NYSE: PIR), and raised the price target to $4.00 (from $3.50), following the company's 3Q earnings report.... More

Wedbush Remains Sidelined on Pier 1 Imports (PIR) - PT to $8

Wedbush reiterated a Neutral rating on Pier 1 Imports (NYSE: PIR), and raised the price target to $8.00 (from $4.00), following the company's 3Q earnings report. PIRs sales trends bounced in the second half of November, driving 3Q comps to +1.8%, well above the companys business update on November 14 at the high-end of prior guidance for -1%, and... More

Guggenheim Remains Sidelined on Pier 1 Imports (PIR)

Guggenheim reiterated a Neutral rating on Pier 1 Imports (NYSE: PIR). PIRs 3Q margins were its best since 2012. The company delivered a nearly 25% adjusted EBITDA beat$44M versus $35M. Sales were better-than-expected, largely on a 2% comp increase. The beat was powered by a nearly 300... More

Pier 1 Imports (PIR) President and CEO Alex Smith to Depart; Terry London Named as Interim Replacement

Pier 1 Imports, Inc. (NYSE: PIR) announced that its Board of Directors has appointed Terry E. London, Chairman, to the position of Interim President and Chief Executive Officer. Mr. Londons appointment will become effective January 1, 2017, in conjunction with the planned departure of Alex W. Smith, Pier 1 Imports current President and CEO on December 31, 2016.

I am pleased to step in as Interim CEO as we continue to collaborate with Korn Ferry on our search for a new Chief Executive Officer, said Terry London, Chairman. The Board has worked diligently to identify exemplary... More