Deutsche Bank AG Has $32,000 Position in Pier 1 Imports Inc (NYSE:PIR)

Deutsche Bank AG reduced its holdings in shares of Pier 1 Imports Inc (NYSE:PIR) by 42.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 106,885 shares of the specialty retailer’s stock after selling 77,618 shares during the period. Deutsche Bank AG owned approximately 0.13% of Pier 1 Imports worth $32,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PIR. California Public Employees Retirement System boosted its holdings in shares of Pier 1 Imports by 4.6% in the fourth quarter. California Public Employees Retirement System now owns 568,039 shares of the specialty retailer’s stock valued at $174,000 after acquiring an additional 24,839 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Pier 1 Imports by 36.1% in the fourth quarter. Rhumbline Advisers now owns 119,399 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 31,666 shares in the last quarter. Stone Ridge Asset Management LLC boosted its holdings in shares of Pier 1 Imports by 32.8% in the fourth quarter. Stone Ridge Asset Management LLC now owns 162,991 shares of the specialty retailer’s stock valued at $50,000 after acquiring an additional 40,249 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Pier 1 Imports by 3.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,135,714 shares of the specialty retailer’s stock valued at $653,000 after acquiring an additional 70,715 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Pier 1 Imports by 1,033.7% in the fourth quarter. SG Americas Securities LLC now owns 130,136 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 118,657 shares in the last quarter.

Shares of NYSE PIR traded down $0.15 during midday trading on Monday, reaching $7.38. 255,700 shares of the stock were exchanged, compared to its average volume of 209,368. Pier 1 Imports Inc has a 52-week low of $5.60 and a 52-week high of $53.40. The stock’s 50 day simple moving average is $2.24. The stock has a market capitalization of $32.00 million, a P/E ratio of -0.15 and a beta of 3.78. The company has a debt-to-equity ratio of 83.80, a current ratio of 0.97 and a quick ratio of 0.22.

Pier 1 Imports (NYSE:PIR) last released its quarterly earnings data on Wednesday, June 26th. The specialty retailer reported ($19.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($13.00) by ($6.97). Pier 1 Imports had a negative return on equity of 217.70% and a negative net margin of 16.85%. The business had revenue of $314.32 million for the quarter, compared to analysts’ expectations of $315.40 million. During the same quarter in the prior year, the firm earned ($0.36) earnings per share. Research analysts predict that Pier 1 Imports Inc will post -38.6 earnings per share for the current year.

Several analysts recently commented on the stock. Gordon Haskett cut shares of Pier 1 Imports from a “hold” rating to an “underperform” rating in a research note on Thursday, March 21st. ValuEngine upgraded shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Finally, Zacks Investment Research upgraded shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the stock. Pier 1 Imports presently has a consensus rating of “Hold” and an average target price of $1.31.

About Pier 1 Imports

Pier 1 Imports, Inc engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios.

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Institutional Ownership by Quarter for Pier 1 Imports (NYSE:PIR)

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