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A statement released earlier today by Vetr Inc. about Pier 1 Imports Inc (NYSE:PIR) raises the target price to $4.70

Yesterday Pier 1 Imports Inc (NYSE:PIR) traded 2.15% higher at $4.65. Pier 1 Imports Inc’s 50-day average is $4.42 and its two hundred day average is $5.50. With the last close down -22.38% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 4,253,770 shares of the stock traded hands, up from an average trading volume of 2,720,750

Pier 1 Imports Inc (NYSE:PIR) had its target price raised to $4.70 by Vetr Inc. in a report released 9/28/2016. The new target price indicates a possible upside of 0.01% based on the company's last stock close price.

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Pier 1 Imports Inc (NYSE:PIR)

Pier 1 Imports Inc has a 52 week low of $3.73 and a 52 week high of $8.23 with a P/E ratio of 13.51 The company’s market cap is currently $0.

In addition to Vetr Inc. reporting its stock price target, a total of 13 brokerages have issued a ratings update on the company. The average stock price target is $6.10 with 2 brokerages rating the stock a strong buy, 1 firm rating the stock a buy, 12 firms rating the stock a hold, 4 analysts rating the company a underperform, and lastly one analyst rating the company a sell.

More About Pier 1 Imports Inc (NYSE:PIR)

Pier 1 Imports, Inc. is an importer of home decor and furniture. The Company's operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of decorative accessories, furniture, candles, housewares, gifts and seasonal products. The Company's categories of merchandise include decorative accessories and furniture. The decorative accessories category includes decorative accents and textiles, such as rugs, wall decorations and mirrors, candles, fragrance, gifts and seasonal items. The furniture category includes furniture and furniture cushions to be used in living, dining, office, sunrooms and patios. This merchandise group is generally made of metal or handcrafted natural materials, including rattan, pine, acacia, oak and other woods with either natural, stained, painted or upholstered finishes.

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