Earnings

Stock Earnings Report: Pier 1 Imports Inc (NYSE:PIR)

Shares of Pier 1 Imports Inc (NYSE:PIR) jumped 2.15% to reach at $4.27 during previous trading session. The company has experienced volume of 3,543,900 shares while on average the company has a capacity of trading 2.72M share.

Pier 1 Imports Inc (NYSE:PIR) on September 29, 2016 reported financial results for the second quarter ended August 27, 2016.

Second Quarter Fiscal 2017 Results of Operations

Net sales for the second quarter of fiscal 2017 decreased 6.7% to $405.8 million, compared to $435.0 million in the same period last year. Company comparable sales for the quarter decreased 4.3%.

E-Commerce represented approximately 20% of net sales in the second quarter, as compared to approximately 17% of net sales in the second quarter of fiscal 2016. Taking into account e-Commerce orders placed in or picked-up in-store, approximately 90% of the Company’s second quarter fiscal 2017 net sales directly touched a store.

Gross profit for the second quarter of fiscal 2017 totaled $145.0 million, or 35.7% of net sales, compared to $154.6 million, or 35.5% of net sales, in the second quarter of fiscal 2016. Second quarter merchandise margin (the result of adding back delivery and fulfillment net costs and store occupancy costs to gross profit) totaled $229.8 million, or 56.6% of net sales, compared to $239.8 million, or 55.1% of net sales, in the second quarter of fiscal 2016. The year-over-year improvement in merchandise margin as a percentage of net sales is primarily attributable to a more balanced promotional strategy and improved operational execution within the Company’s distribution centers. For the three months ended August 27, 2016, contribution from operations (gross profit less compensation for operations and operational expenses) totaled $61.5 million, compared to $68.5 million during the same period last year.

Pier 1 Imports Inc (NYSE:PIR) holds the market capitalization of $361.75M along with 83.30M outstanding shares. During the last trade, stock’s minimum price has been reached out at $4.21 while the maximum trading price moved at $4.32. Currently the stock price is moving -45.95% off from the highest level of twelve months and +16.39% above from twelve months low. Pier 1 Imports Inc (NYSE:PIR) marked 52-week highest price level of $8.225 on 11/03/15 and 52-week lowest price level of $3.73 on 09/12/16. For the stock, price target value has been calculated at $4.45 based on calls of 11 experts. Stock’s minimum price target estimates has been figured out at $3.00 while the maximum price target forecast is established at $8.50.

As of current trade, Pier 1 Imports Inc (NYSE:PIR) has shown weekly upbeat performance of 4.15%. Its six months performance indicated a bearish movement while its yearly performance reflected a negative trend of -35.22%. Year-to-date (YTD) performance of the stock illustrate downbeat trend of -12.61%. Shares of Pier 1 Imports Inc (NYSE:PIR) currently have an ABR of 3.33, derived from a total of 13 opinions. The company’s price sits -7.44% below from its 50-day moving average of $4.42 and -17.92% below from the stock’s 200-day moving average of $5.50. The company has Relative Strength Index (RSI 14) of 47.61 along with Average True Range (ATR 14) of 0.20. Its weekly and monthly volatility is 3.82%, 4.60% respectively. The company’s beta value is at 1.81.

Pier 1 Imports Inc (NYSE:PIR) currently has a PEG ratio of -1.31 where as its P/E ratio is 13.51. The company’s price to sales ratio for trailing twelve months is 0.19 and price to book ratio for most recent quarter is 1.29. Pier 1 Imports Inc (NYSE:PIR)’s price to free cash flow for trailing twelve months is 3.80. Its quick ratio for most recent quarter is 0.70 along with current ratio for most recent quarter of 2.10. Total debt to equity ratio of the company for most recent quarter is 0.75 whereas long term debt to equity ratio for most recent quarter is 0.74. Pier 1 Imports Inc (NYSE:PIR) has a Return on Assets of 3.10%. The company currently has a Return on Equity of 9.60% and Return on Investment of 10.60%.

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