Hot Stock to Track - Pier 1 Imports (NYSE: PIR)

Marco Green
April 19, 2018

Macquarie Group Ltd. cut its stake in shares of Pier 1 Imports (NYSE:PIR) by 66.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. Analysts consider this stock active, since it switched over with 4,120,170 shares as compared to its average volume of 1.55M shares. The volume of the company in the last trading session was 2.93 Million. Since they take the average of past price movements, moving averages are better for accurately reading past price movements rather than predicting future past movements. The RSI oscillates between zero and 100. Usually the RSI is considered overbought when above 70 and oversold when less than 30. Pier 1 Imports had a net margin of 1.28% and a return on equity of 10.17%. (PIR) is at 57.02. The mean target projections are based on 8 opinions. Traders may use these levels to help identify stock price reversals. This check is giving bearish indication for investors. United Technologies Corporation (NYSE:UTX), at its latest closing price of $124.80, it has a price-to-book ratio of 3.36, compared to an industry average at 40.64. There may be many price targets for only protection.

Additionally on 10/02/17 Morgan Stanley "Maintained" Pier 1 Imports (NYSE:PIR) to Underweight setting price target at $4.2 and on 9/28/17 Credit Suisse "Maintained" the stock to Underperform at $3.5. Meanwhile, shares of the company were making trade 5.86% away from the 20-days SMA and -15.12% away from the 200-days SMA. Earnings per share serves as an indicator of a company's profitability. A stock with a beta more than 1 means high volatile and less than 1 means low volatile. The consensus mean EPS for the current quarter is at $0.19 derived from a total of 12 estimates from the analysts who have weighed in on projected earnings. (PIR) have shown a high EPS growth of -24.10% in the last 5 years and has earnings decline of -19.90% yoy. The Average True Range (ATR) is also a measure of volatility is now sitting at 0.21. The company made Return on equity of 8.40% in last 12 months period. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income.

According to 7 analysts, the Average Revenue Estimate for the current Fiscal quarter is $404.04 Million and the Low Revenue estimate is $393 Million, while the High Revenue estimate is $413.4 Million. Currently, the stock is trading -52.04% ahead of its 52-week high and 20.56% beyond its 52-week low. Its sales stood at 3.60% a year on average in the period of last five years. The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses. The average true range (ATR) is a measure of volatility introduced by Welles Wilder in his book, "New Concepts in Technical Trading Systems". In this way, moving average (MA) is one of the best technical indicators for experts. The price of gold does go up and down a lot, but not in the same direction or at the same time as the market. Angled up and price is moving up (or was recently) overall, angled down and price is moving down overall, moving sideways and the price is likely in a range.

Volatility is a statistical measure of the dispersion of returns for a given security or market index.

Higher-beta stocks tend to be more volatile and therefore riskier, but provide the potential for higher returns.

When we see the company's Volatility, it now has a monthly volatility of 4.34% and weekly volatility of 5.01%. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. The total market cap for the stock is $35.89B while it has a PE ratio of 23.95, its price-to-earnings-growth ratio reads 1.34 while it has a beta of 0.66.

Pier 1 Imports (NYSE:PIR) has received a consensus recommendation of "Hold" from the sixteen analysts that are now covering the firm, MarketBeat.com reports.

In terms of Buy, Sell or Hold recommendations, Pier 1 Imports (NYSE:PIR) has analysts' mean recommendation of 3.5. If the answer is greater than 1, it indicates that the price of the stock is in gaining momentum.

Pier 1 President and CEO Alasdair James and other members of the executive leadership team will share insights from their analysis of the Pier 1 Imports brand and enterprise, as well as operating strategies and growth plans under Pier 1 2021: A New Day.

Other reports by Click Lancashire

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