Pier 1 Imports, Inc. (PIR) was a big mover last session, as the company saw its shares rise 9% on the day. The gain can be attributable to the company’s fourth-quarter earnings which beat expectations and its announcement of a cash dividend. This led to far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $12.20 to $14.22 in the past one-month time frame, showed a pick-up yesterday at $13.79.
In the last 30 days, the company witnessed 1 upward and downward estimate revision each, while the Zacks Consensus Estimate lowered over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent high can last.
Pier 1 Imports currently has a Zacks Rank #4 (Sell).
An attractive player in the same industry is Restoration Hardware Holdings, Inc. (RH) carrying a Zacks Rank #2 (Buy).
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