Zacks Investment Research downgraded shares of PIER 1 IMPORTS (PIR) from OUTPERFORM to NEUTRAL on May 23, 2012, with a target price of $19.90.
Pier 1 Imports, Inc. consists of a chain of retail stores operating under the names "Pier 1 Imports" and "The Pier," selling a wide variety of furniture, decorative home furnishings, dining and kitchen goods, accessories and other specialty items for the home. Additionally, the company, through certain subsidiaries, operates stores in the United Kingdom under the name "The Pier." The company supplies merchandise and licenses the Pier 1 name to Sears Mexico and Sears Puerto Rico.
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