Pier 1 Imports (NYSE:PIR) had its price target reduced by stock analysts at Loop Capital from $2.00 to $1.50 in a note issued to investors on Thursday, September 20th, The Fly reports. The brokerage presently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s price target suggests a potential downside of 1.96% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Wedbush lowered their price objective on Pier 1 Imports from $3.00 to $2.25 and set a “neutral” rating for the company in a research report on Friday, June 29th. TheStreet cut Pier 1 Imports from a “c-” rating to a “d” rating in a research report on Wednesday, June 27th. ValuEngine upgraded Pier 1 Imports from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Citigroup reduced their target price on Pier 1 Imports from $3.20 to $3.10 and set a “neutral” rating for the company in a research note on Thursday, June 28th. Finally, Zacks Investment Research upgraded Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $2.04.

NYSE:PIR traded down $0.05 during midday trading on Thursday, hitting $1.53. The stock had a trading volume of 1,099,220 shares, compared to its average volume of 1,600,249. Pier 1 Imports has a one year low of $1.36 and a one year high of $5.92. The stock has a market cap of $128.51 million, a P/E ratio of 7.29 and a beta of 1.54. The company has a quick ratio of 0.86, a current ratio of 2.11 and a debt-to-equity ratio of 0.77.

Pier 1 Imports (NYSE:PIR) last announced its earnings results on Wednesday, October 3rd. The specialty retailer reported ($0.63) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.63). The business had revenue of $355.30 million for the quarter, compared to analysts’ expectations of $356.79 million. Pier 1 Imports had a negative return on equity of 3.26% and a negative net margin of 0.79%. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) EPS. On average, sell-side analysts anticipate that Pier 1 Imports will post -0.56 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of PIR. Cubist Systematic Strategies LLC acquired a new stake in shares of Pier 1 Imports during the 2nd quarter valued at about $114,000. MetLife Investment Advisors LLC boosted its holdings in Pier 1 Imports by 278.8% in the 1st quarter. MetLife Investment Advisors LLC now owns 40,720 shares of the specialty retailer’s stock worth $131,000 after buying an additional 29,971 shares during the last quarter. Bank of Montreal Can acquired a new stake in Pier 1 Imports in the 2nd quarter worth about $168,000. GSA Capital Partners LLP acquired a new stake in Pier 1 Imports in the 2nd quarter worth about $179,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Pier 1 Imports in the 1st quarter worth about $205,000. Hedge funds and other institutional investors own 74.28% of the company’s stock.

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.

Read More: Return on Equity (ROE)

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Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

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