Barclays Downgrades Pier 1 Imports (PIR) to Equalweight
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Wells Fargo Downgrades Pier 1 Imports (PIR) to Market Perform
September 18, 2014 7:43 AM EDTWells Fargo downgraded Pier 1 Imports (NYSE: PIR) from Outperform to Market Perform with a price target of $15-$16 (from $19-$20). The change follows weak Q2 results and guidance. Analyst Matt Nemer thinks the company will have a difficult time "weaning" promotions.
For an... More
Pier 1 Imports (PIR) Misses Q2 EPS by 4c; Refines Financial Model; Guides FY15 EPS
September 17, 2014 4:07 PM EDTPier 1 Imports (NYSE: PIR) reported Q2 EPS of $0.10, $0.04 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $418.6 million versus the consensus estimate of $426 million.
Company comparable sales increased 4.5% during the second quarter, attributable to increases in brand traffic, conversion and average... More
