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Pier 1 Imports (NYSE:PIR) stock price target increased to $5.00, issued a research note today by Telsey Advisory

In a report released on 9/29/2016 Telsey Advisory increased the stock price target of Pier 1 Imports (NYSE:PIR) from $4.50 to $5.00 indicating a possible upside of 0.17%.

Yesterday Pier 1 Imports (NYSE:PIR) traded 2.15% higher at $4.27. The company’s 50-day moving average is $4.42 and its 200-day moving average is $5.50. The last closing price is down -22.38% from the 200-day moving average, compared to the S&P 500 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

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Pier 1 Imports (NYSE:PIR)

Pier 1 Imports 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 Telsey Advisory reporting its stock price target, a total of 13 brokers have issued a research note on the company. The average stock price target is $6.10 with 2 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 12 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Pier 1 Imports (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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