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PIR

Pier 1 Imports

$3.30

0.115 (3.62%)

14:33
02/07/18
02/07
14:33
02/07/18
14:33

Towle & Co. reports 10.95% passive stake in Pier 1 Imports

In a regulatory filing, Towle & Co. disclosed a 10.95% stake in Pier 1 Imports, representing 8,722,580 shares. The filing does not allow for activism.

PIR Pier 1 Imports
$3.30

0.115 (3.62%)

12/27/17
WEDB
12/27/17
NO CHANGE
WEDB
E-Commerce continues to take channel share, says Wedbush
Wedbush analyst Seth Basham notes that e-Commerce continues to take channel share from bricks and mortar, accounting for an estimated 20% of holiday sales. While retailers such as Williams-Sonoma (WSM), Bed Bath & Beyond (BBBY) and Pier 1 Imports (PIR) continue to adapt, he believes they not only continue to lose share to online retailers including Amazon.com (AMZN) and Wayfair (W), but also face increasing costs of serving omnichannel shoppers. Mattress retail remains mixed, with Mattress Firm's recent improving sales trends and financing an incremental negative for Tempur Sealy (TPX).
12/14/17
12/14/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Verizon (VZ) downgraded to Hold on valuation at HSBC with analyst Sunil Rajgopal saying the recent rally limits upside. 2. Blue Buffalo Pet Products (BUFF) downgraded to Hold from Buy at Deutsche Bank with analyst Faiza Alwy citing valuation concerns as the stock is up 35% over the last six months. 3. Nielsen (NLSN) downgraded to Underweight from Equal Weight at Barclays with analyst Manav Patnaik saying he sees challenging end markets for the company as well as credibility concerns following a year of "poor" execution. 4. Valeant (VRX) downgraded to Underweight from Neutral at JPMorgan with analyst Chris Schott saying he sees better opportunities in the sector following the recent rally in the shares. 5. Pier 1 Imports (PIR) downgraded to Sell from Hold at Gordon Haskett with analyst Chuck Grom citing the third quarter miss and lowered guidance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/14/17
GDHS
12/14/17
DOWNGRADE
GDHS
Sell
Pier 1 Imports downgraded to Sell from Hold at Gordon Haskett
Gordon Haskett analyst Chuck Grom downgraded Pier 1 Imports to Sell with a $3.50 price target following the Q3 miss and lowered guidance.
12/14/17
LOOP
12/14/17
NO CHANGE
Target $4
LOOP
Hold
Pier 1 Imports Q3 performance 'roundly disappointing', says Loop Capital
Loop Capital analyst Anthony Chukumba keeps his Hold rating and $4 price target on Pier 1 Imports (PIR) after a "roundly disappointing" Q3 earnings report that saw comps fall, gross margins contract, and Q4 outlook come well short of expectations. Chukumba says he is "increasingly worried about the relevance" of the company amid rising online competition, particularly as Amazon (AMZN) becomes "more serious about the category". With the stock down over 25% in the pre-market, the analyst says a Hold rating remains appropriate.

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SRE

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